Is Your New Job Making it Harder to Pay Bills?

On September 12, 2012, the US Census Bureau released a report that further indicated the number of American families still struggling after the Great Recession. As noted in this PBS NewsHour video, roughly 46 million Americans are now living poverty, median household income slid for the second year to $50,000-the lowest level since the mid-1990s-and earnings fell 2.5 percent.

At the end of August, a CNNMoney story began, "Sure, the economy is adding jobs these days … but most of those positions pay pretty poorly." CNN said that a report from the National Employment Law Project showed 58 percent of the jobs created during the recovery have been low-wage positions, such as "retail salespeople, food prep workers, laborers and freight workers, waiters and waitresses, personal and home care aides, office clerks and customers representatives." Many of these low-wage jobs pay less than $13.83 an hour, and the adjustment is additionally difficult for the 60 percent of Americans who lost previous jobs during the economic downturn that had been classified as mid-wage.

Have you been struggling to make your mortgage payment ever since accepting a lower-paying job? Has making less led you to accumulate so much credit card debt that it has become unmanageable? Filing Chapter 7 or Chapter 13 bankruptcy could help you discharge unsecured debt or create a plan to pay back secured debt with respect to your current wages and cost of living. Our Chicago bankruptcy lawyers can tell you all of your options when you fill out the form located on this page or contact our firm at (866) 930-7482.

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  • You can meet with an experienced law Partner in the Firm not some associate.
  • We concentrate in foreclosure defense and bankruptcy so we have more options to offer you then other attorneys
  • We also represent individuals in Chapter 11's that offer better loan workout and restructuring options then Chapter 13 and most bankruptcy lawyers do not know how to do it.
  • We offer a free no obligation consultation where we will discuss your option or options, tell you the pros and cons of each one, the fees and costs and help you make an informed decision. There can be more then one solution!
  • We offer affordable payment plans and fixed fees in most cases.