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February 2020 Archives

Is selling a home for cash a good idea?

Some people in Illinois may be in a hurry to sell their houses, and the signs that offer to buy homes for cash may hold major appeal. People may wonder if the offers are legitimate or if there is some kind of scam involved. While most of these companies are engaged in a legitimate business, people may also realize that they could receive significantly less than their property may be worth. The companies that buy homes for cash often insist that sellers sign a contract with minimal, if any, opportunities for negotiation.

Trustees can play a key role in a bankruptcy proceeding

After a consumer files for bankruptcy, a trustee will be assigned to oversee the matter. This person has a variety of roles and responsibilities to both the debtor and its creditors, and the exact role a trustee plays depends on the type of protection a person seeks. For instance, those who file for Chapter 7 bankruptcy may have some or all of their non-exempt assets liquidated.

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