In a Chapter 7 bankruptcy case, a court-appointed trustee seizes your assets and sells them to pay your debts. Federal and state laws exempt some assets, making that property safe from creditors no matter how much you owe. In Illinois, as in other states, federal law applies to ...
Social Security benefits include retirement benefit payments, disability benefit payments and Supplemental Security Income payments. If you owe a defaulted debt, a common tactic the creditor will ...Read More
Lenders extend credit to unqualified applicants who can present a co-signer with significant income and a good credit history. If you fit this criteria, you may be asked to secure a home equity loan ...Read More
Before a hospital could explore garnishment as an option to collect a debt you owe, the hospital would have to get a judgment in court. However, once it has a judgment, it generally can collect what ...Read More
If you're getting unsolicited calls from credit-card telemarketers, you can take steps to quiet your phone and enhance your peace of mind. The same process is available no matter the reason for the ...Read More
Insurance companies often won't tell you how they've determined how much your totaled vehicle is worth. To get the price you deserve, research that value yourself, including taxes and registration. ...Read More
If Social Security concludes that you've received benefits -- disability or retirement -- to which you weren't entitled, you'll receive a notice and a demand for repayment from the agency. Social ...Read More
When you are pregnant, finding an effective insurance strategy is a top priority. There are a number of opportunities for pregnant women who are seeking to secure effective insurance coverage during ...Read More
A secured loan is one in which the borrower pledges an asset such as property or a vehicle as collateral for the loan. An unsecured loan is based on the buyer's creditworthiness, rather than being ...Read More
Typically, if you co-sign a loan you are up the proverbial creek until the borrower pays it off completely. Private student loans are a different story. While the government protects lenders of ...Read More
U.S. Savings Bonds are popular gifts for children, as they can be used to help finance college and other long-term goals. If you currently have savings bonds in your name, you may be able to transfer ...Read More
Many governments transfer benefits to their citizens, either as cash or in the form of in-kind transfers of goods and services. Cash benefits give the biggest boost to the happiness of recipients, ...Read More
A creditor holding a court judgment against a debtor may enforce that judgment by attaching (seizing) assets in accordance with the laws of your state. Some assets, however, are exempt from ...Read More
Your Roth IRA is not necessarily safe from collectors, but it’ll take a lot of effort on the creditor’s part to get his hands on your funds. The federal and state governments understand that your ...Read More
When you decide to purchase a vehicle, and you can't take delivery immediately, you may choose to give the dealership a cash deposit to hold the vehicle. This will keep the dealership from selling ...Read More