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6 Simple Steps to Report Current Mortgage Payments When Mortgage Was Not Reaffirmed In A Chapter 7 bankruptcy The Problem: My mortgage company won't report my payments after my chapter 7 bankruptcy. In retaliation for people filing chapter 7 bankruptcy and not reaffirming mortgage loans, lenders may not report current mortgage payments to the three credit bureaus (TransUnion, Experian and Equifax), and they are under no obligation to do so. [ 242 more words. ]…/

6 Simple Steps to Report Current Mortgage Payments When Mortgage Was Not Reaffirmed In A Chapter 7 bankruptcy - by Brad Covey | Kane County Bankruptcy
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Should I File Bankruptcy for $20,000?

Should I file bankruptcy for $20,000? I believe it is a matter of degree. Sometimes I am asked, “I have $20,000 in debt (or $10,000 or $100,000 or whatever). Can I file bankruptcy? And if I can, should I file bankruptcy?” The answer to can you file bankruptcy is yes. There is no minimum amount of debt required to file bankruptcy. [ 261 more words. ]

Bankruptcy Creditors Meeting – What to Expect

Creditors Meeting – What to expect Meeting of Creditors -What to expect -10 FAQ you need to know by Bradley Covey So you have filed bankruptcy and want to know what happens next. About a month after filing bankruptcy you will need to attend a First… [ 116 more words. ]

chapter 7 vs chapter 13

Which is Better: Chapter 7 bankruptcy or Chapter 13 bankruptcy? What are my bankruptcy options? Whether filing Chapter 7 vs Chapter 13 bankruptcy is right for you is something you should discuss with your attorney at your initial… [ 821 more words. ]

Short Sale Basics Video

Short Sale – Avoid Foreclosure Short sale basics: I want to avoid foreclosure, but I can’t sell my home for what I owe on my mortgage. What can I do? Learn about Short Sales by watching this excellent video on … Continue reading… [ 206 more words. ]

Aurora Bankruptcy Lawyer | Discharging Homeowner Association Dues

Are Homeowner Association Dues Dischargeable in bankruptcy? by: Aurora, Illinois Bankruptcy Attorney Bradley Covey So you’ve filed bankruptcy and now your homeowner association is calling you about your homeowner association dues, and you thought they…

Our Wheaton office has moved.
Our new address is
Covey Bankruptcy Law Firm, P.C., 1755 Naperville Rd., Wheaton, IL 60189 630-260-5677.

New Illinois Bankruptcy Means Test Numbers for April 1, 2013

Higher Illinois Bankruptcy Means Test Household Income Averages for April 2, 2013 The Illinois bankruptcy means test median numbers have risen slightly for cases filed on or after April 1, 2013. Household Size 1 – $47,485 2 – $59,861 … Continue reading →
Can I Wipe Out a Social Security Overpayment by Filing Bankruptcy? In short – Yes. If the Social Security Administration (SSA) pays you retirement or disability benefits more than you were entitled to receive, then they may can come after … Continue…
In honor of Presidents’ Day, I thought I would let everyone in on a little known fact. On October 25, 1960, John F. Kennedy visited the small town of Batavia, Illinois. A relative of my Senior Secretary/Office Manager Susan was … Continue reading →
A new study indicates as many as 40 million consumers have a mistake on their credit report and Steve Kroft finds it’s hard to get them fixed. Watch this 60 Minutes Video As a bankruptcy attorney in Illinois, I … Continue reading →
Is there a mistake on your credit report? Do you know the ONE thing you should do to get your full credit history? On the broadcast this week, Steve Kroft reported on the astounding number of Americans (40 million!) who … Continue reading →
1099-c What to Do and What Does It Mean? What are the 1099c filing requirements? There are Five Ways Not To Pay Tax on 1099c Forgiveness of Debt Every January with the deadline for filing tax returns just around the … Continue reading →
Money Secrets Revealed: Mortgage Loan Modification Video by Suze Ormon In this video Suze answers a question about Loan Modifications and Credit Mortgage Loan modifications lessen payments but “late” status lowers your FICO score (credit score)! Source:…
Is a Short Sale or Foreclosure Better? Watch this video for the truth as told by Suze Ormon on OWN. Suze discusses how short sales and foreclosures affect FICO scores. The Question: Which will affect my FICO score (credit score) … Continue reading →