banking services chronicle books online

 banking services chronicle books online

banking services chronicle books online  Lets say you have a house thats worth $250,000, and its in both yours and your wifes name.  You still owe about $200,000 on your mortgage, and you decided to file Chapter 7 bankruptcy.  In this example, you would be forced to sell your home, and with the proceeds you would pay back the mortgage company what you owe on the outstanding balance of the loan ($200,000), youd pay yourself the Illinois real estate exemption ($15,000), and then youd pay back your other creditors whatever was left ($250K-200K-15K=$35,000).  banking services chronicle books  Let say your house was only worth $215,000, but everything else in the above example remained the same.  In this case, you wouldnt be forced to sell your home because the proceeds from the sale wouldnt amount to anything after you paid back the mortgage company and then paid back yourself the Illinois real estate exemption banking service chronicle monthly magazine ebook.

 banking services chronicle books online