Uncategorized Archives - Page 2 of 4 - Law Firm in Cicero, IL | Trusted Cicero Lawyer

September 30, 2022 Uncategorized

Illinois Bankruptcy Exemptions At A Glance

Declaring any type of bankruptcy is frightening and can feel like you’re losing everything. There are certain pieces of property you can keep, or exempt, from bankruptcy. These exemptions vary according to state laws, and a bankruptcy attorney can help you navigate the process. Chapter 7 vs Chapter 13 Bankruptcy Both Chapter 7 and Chapter 13 bankruptcies allow for the same exemptions, but the properties are handled differently. Chapter 7 bankruptcies involve the trustee selling nonexempt items and distributing funds...

August 10, 2022 Uncategorized

What is a Real Estate Short Sale and How Does it Work?

What Are Short Sales? Real estate short sales are accelerated home sales conducted when a home’s market value is less than what is owed on its mortgage. Generally, homeowners use a short sale transaction to sell the property when they are facing foreclosure or unaffordable mortgage payments. In these cases, the borrower must prove financial hardship and submit a short sale application to the lender. How Does a Short Sale Work in Real Estate? In order to proceed with a...

July 14, 2022 Uncategorized

How To Find The Best Cook County DUI Attorney

Any time someone is faced with hiring an attorney, feelings of dread are prone to surface. This emotion is compounded when potentially looking at DUI charges, or other serious traffic violations. These types of criminal charges can be life altering and embarrassing for you and your family. Because of the circumstances, it is highly recommended to have experienced legal representation on your side. So how do you go about finding the right DUI defense attorney? Illinois DUI Statistics for 2020...

June 24, 2022 Uncategorized

Choosing Trusts vs Wills In Illinois

Options for how and who will carry on a legacy can be both confusing and overwhelming. There are many variables to consider regarding heirs, assets, and method of distribution. Essentially both trusts and wills serve the purpose of leaving possessions to family members, friends, and charitable entities. One thing to keep in mind is that wills are meant to distribute assets and must go through probate before final distribution. Trusts are primarily for transferring financial assets and assigning power of...

May 17, 2022 Uncategorized

Can I Take on Someone Else’s Debt?

If a loved one has a debt they’re unable to pay, you may be considering helping them out. But you might be wondering—is it really possible to transfer a personal loan to someone else? Unfortunately, it is not possible to completely transfer a loan to another person, or to yourself. However, there are a few options available to you if you’d like to start making payments on their behalf. Keep reading to learn the steps you’ll need to take to...

April 11, 2022 Uncategorized

What to Ask an Estate Planning Attorney – 4 Crucial Questions

Estate planning is an important step, so it’s crucial that you trust the process to someone who’s qualified and has your best interests at heart. In this blog, we’ll guide you through the most important questions to ask your attorney during an initial consultation. Questions to Ask An Estate Attorney Schedule a Consultation with a Qualified Estate Planning Attorney If you’re considering estate planning, turn to the experts at Koch & Associates P.C. Attorneys at Law. Our attorneys have over...