Sure. How those specific loans are handled in the BK may be uncertain.
You need to contact a bankruptcy lawyer since you need to have one to file. Which chapter depends on how much money you have, you may not qualify for chapter 7 if you have too much money.
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
Yes.
Yes.
You can file for bankruptcy in Illinois at the United States Bankruptcy Court District of Illinois. You will need to decide whether you are filing for Chapter 7 or Chapter 13 bankruptcy. If you are unfamiliar with the process, it is recommended to seek the help of an attorney. Securing legal representation can be helpful for those who are overwhelmed by the bankruptcy process.
You don't need a job to file Chapter 7!
You can file Chapter 13, but you would need to pay all creditors in full because you are not eligible to receive a discharge. If you want file Chapter 13 and receive a discharge, you must wait to file until 6 years have passed since your Chapter 7 case. You would to wait 7 years if you want to file another Chapter 7 case.
You can file chapter 7 bk. Unless you have another revenue source, you would not qualify for a chapter 13 bk because you need to have "regular income" for a 13 bk.
This is a loaded question, and I must start out with the fact i am NOT an attorney. Anything like this needs to be put past a lawyer who has experience in bankruptcy. there are SO many factors involved, it's impossible to speculate. The premises of bankruptcy though is to afford people a "Fresh Start" This means, if your down in the dumps, and you have no means of getting out of the debt your in, Bankruptcy is your LAST option. When you say too many loans? Did you run up a bunch of loans and then decide to file bankruptcy? Again, the point of bankruptcy is for those who really need a fresh start. If you tried your best in business and had to take out a bunch of loans to do it, and failed and need to bail; nobody is going to fault you for it.
If you filed a Chapter 7 bankruptcy in MI and it is discharged, you can amend whatever document you want at any time. It does not matter whether it is during the process of bankruptcy or after the discharge.
No, you don't need assets to file for bankruptcy, except for money for the attorney's fees. For a chapter 7 case, the average fee will be $1,500.00. For a chapter 13 case, the average fee is usually about $3,000.00, but it's paid out in monthly installments over a 3-5 year period.
You don't need any forms - child support is not discharged in bankruptcy.