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The Cosigner Stay: How Filing a Chapter 13 can also Protect the Cosigners on your House, Cars and Other Debts
May 13, 2008 - 15:59 by apartridge
One of the many invaluable benefits of filing a Chapter 13 ... More
850,912 Bankruptcies and Counting…
April 17, 2008 - 22:17 by rwaple
850,912 – That’s the number of personal and business ... More
Bankruptcy in the News
Lawmakers to mull subprime bankruptcy relief
Patrick Rucker, Reuters
October 23, 2007
U.S. bankruptcy judges could erase billions of dollars in mortgage debt for troubled homeowners under legislation to be debated on Wednesday.
Construction Digital US
Source: Exec US Construction Digital US
October 23, 2007
The number of Americans filing for bankruptcy soared 23 percent last month marking the worst real estate slowdown for 16 years revealing the extent of the housing recession.
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Illinois Bankruptcy Statistics
| 2006 Illinois Bankruptcy Filing Statistics |
||||
|---|---|---|---|---|
|
Circuit and District
|
Total Non-Business Filings
|
|||
|
Illinois, Northern District
|
12,549
|
9
|
7,470
|
20,0
|
|
Illinois, Central District
|
4,043
|
-
|
1,439
|
5,482
|
|
Illinois, Southern District
|
1,874
|
3
|
2,387
|
4,264
|
|
Total
|
18,466
|
12
|
11,296
|
29,774
|
| Source: U.S. Government Court Statistics Web Site | ||||
| 2005 Illinois Bankruptcy Filing Statistics | ||||
|---|---|---|---|---|
|
Circuit and District
|
Chapter 7
|
Chapter 11
|
Chapter 13
|
Total Non-Business Filings
|
|
Illinois, Northern District
|
59,682
|
31
|
12,080
|
71,793
|
|
Illinois, Central District
|
18,929
|
4
|
2,471
|
21,404
|
|
Illinois, Southern District
|
9,337
|
5
|
3,425
|
12,767
|
|
Total
|
87,948
|
40
|
17,976
|
105,964
|
| Source: U.S. Government Court Statistics Web Site | ||||
| Census Bureau Median Family Income in Illinois By Family Size |
||||
|---|---|---|---|---|
|
Family Size
|
1 Earner
|
2 People
|
3 People
|
4 People*
|
|
Income
|
$41,650
|
$52,891
|
$62,176
|
$72,368
|
* Add $6,300 for each individual in excess of 4 |
||||
| Source: U.S. Department of Justice Web Site | ||||
BANKRUPTCY QUESTIONS
Top 10 Questions
- 1. How Will The New Bankruptcy Laws Affect Me?
- 2. What are the Differences between Chapter 7 and Chapter 13 Bankruptcies?
- 3. Can I Keep My House and Car?
- 4. How Soon After My Bankruptcy Can I Get Credit For A New House Or Car?
- 5. How Do I Know If Bankruptcy Is The Right Choice For Me?
- 6. Will Bankruptcy Wipe Out All of My Debts?
- 7. How Long Will A Bankruptcy Stay On My Credit Report?
- 8. How Often Can I File For Bankruptcy?
- 9. When Will My Creditors Stop Bothering Me?
- 10. Can I File Bankruptcy Without An Attorney?
