The Williams Law Firm

Illinois Debt and Bankruptcy Guide

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May 08

Illinois Means Test
The Means Test The means test was added to the Bankruptcy Code to create objective standards for determining which individuals are “worthy” of relief in Chapter 7. It applies only to individuals and only those individuals whose debt is primarily … Continue reading

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April 14

Learn What the Illinois Exemptions are.
For every person, and every state, there is exempt property. Exempt money or property cannot be taken from you for payment of a debt.  You can be sued and a judgment entered against you, but if your money or property … Continue reading

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March 30

Learn About Bankruptcy on Our Video Page
To provide a service and help consumers stay informed Stopmybills.Info has created a video page called Bankruptcy Basics. Eight (8) informative videos created by PublicResourcesOrg are displayed for viewing. Titles are: Introduction Types of Bankruptcy Limits of Bankruptcy Filing for … Continue reading

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March 27

Responsible Use of Credit
While credit is very important to the economy, its abuse is harmful. Credit is extended with the faith that borrowers will repay the debt. Goods and services are provided on credit with the expectation that they will be paid for … Continue reading

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