Recent Posts in chapter 7 Category

104 results found. Viewing page 1 of 5. Go to page 1 2 3 4 5   Next

Breaking Down Chicago Bankruptcy: Is Filing Your Best Option?

Individuals who are struggling to pay off debt have difficult decisions to make on a daily basis. If you do not earn enough income to pay off your debt and continue to pay your rent or mortgage on top ...
Continue reading "Breaking Down Chicago Bankruptcy: Is Filing Your Best Option?" »

Mayor Emanuel Critical of Governor Quinn Appointee Who Filed Bankruptcy

This Illinois Statehouse News video features Governor's Office of Management and Budget spokeswoman Kelly Kraft, who Governor Pat Quinn chose to be executive director of the Illinois Sports Facilities ...
Continue reading "Mayor Emanuel Critical of Governor Quinn Appointee Who Filed Bankruptcy" »

Which Workers Will Be Commanding Higher Incomes in 2013?

The Chicago Tribune reported on October 4, 2012, that technology, finance and administrative workers are among the professionals who are likely to be making more money next year. A report from ...
Continue reading "Which Workers Will Be Commanding Higher Incomes in 2013?" »

US on Pace for 70 Percent Increase in Foreclosure Rescue Scams in 2012

This is a 2008 documentary produced by the Northwest Justice Project about foreclosure rescue scams. Four years later, these schemes remain a real problem, as the Chicago Tribune reported on October ...
Continue reading "US on Pace for 70 Percent Increase in Foreclosure Rescue Scams in 2012" »

Layaway Looks Attractive, But Many Plans Can Cause Ugly Problems

On Monday, we discussed the increase in seasonal work this year that could help a lot of families in the Chicagoland area during the holidays. While that additional income could make a real ...
Continue reading "Layaway Looks Attractive, But Many Plans Can Cause Ugly Problems" »

Sinking Incomes No Help for Underwater Homeowners

In discussing the thousands of Illinois homeowners needing foreclosure help throughout the week, we concluded on Wednesday by noting the benefits of filing Chapter 13 bankruptcy for homeowners who are ...
Continue reading "Sinking Incomes No Help for Underwater Homeowners" »

Illinois AG Calls Attention to Foreclosure Assistance Programs

This astonishing interactive map from WNYC uses data from real estate information company RealtyTrac to display foreclosure rates by county across the United States. You can press play to see how the ...
Continue reading "Illinois AG Calls Attention to Foreclosure Assistance Programs" »

New Tool Helps Consumers Manage Credit Card Debt, Save Interest

Holiday shopping will be here before you know it, which could make some new tools on one website particularly helpful for thousands of families. The New York Times reported on October 1, 2012, that ...
Continue reading "New Tool Helps Consumers Manage Credit Card Debt, Save Interest" »

American Express Will Pay $112.5 Million For Deceiving Customers

The Associated Press reported on October 1, 2012, that American Express has agreed to pay $112.5 million in refunds and fines after a multiagency investigation of the company revealed the company ...
Continue reading "American Express Will Pay $112.5 Million For Deceiving Customers" »

Nearly One in Five Households Carrying Student Loan Debt

This CBS News video discusses the increasing number of Americans that are struggling with student loan debt. The Chicago Tribune reported on September 27, 2012, that a Pew Research Center analysis of ...
Continue reading "Nearly One in Five Households Carrying Student Loan Debt" »

Medical Bills Force US Congressman to Sell DC House

We have been recently writing about the impact that foreclosures have had on Chicagoland families, but the Washington Post reported on September 19, 2012, that Illinois' US Representative Jesse ...
Continue reading "Medical Bills Force US Congressman to Sell DC House" »

New Study Says Equipping Mortgage Servicers Better Could Have Prevented 800K Foreclosures

We spent much of last week discussing options for Illinois homeowners in need of foreclosure help, and on September 20, 2012, the Chicago Tribune reported that 800,000 foreclosures "could have been ...
Continue reading "New Study Says Equipping Mortgage Servicers Better Could Have Prevented 800K Foreclosures" »

Foreclosure Filings Increase Nearly 150 Percent from Last Year

The Chicago Sun-Times reported on September 13, 2012, that Illinois had the highest foreclosure rate in the country in August as foreclosure filings going through court were up 148.6 percent from a ...
Continue reading "Foreclosure Filings Increase Nearly 150 Percent from Last Year" »

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, ...
Continue reading "Is Your New Job Making it Harder to Pay Bills?" »

Trap Doors Being Exploited In Cards 'Designed To Be a Safety Net' For Consumers

On Monday, we noted some encouraging stories indicating that Americans were cutting back on borrowing, credit card debt was declining and the Consumer Financial Protection Bureau (CFPB) was putting ...
Continue reading "Trap Doors Being Exploited In Cards 'Designed To Be a Safety Net' For Consumers" »

Credit Card Debt, Borrowing Fall as CFPB Takes Aim at Add-On Costs

July as consumer debt declined, even as Americans boosted their spending by the most in five months. The Post said it was the first time that Americans cut back on borrowing in nearly a year, adding ...
Continue reading "Credit Card Debt, Borrowing Fall as CFPB Takes Aim at Add-On Costs" »

What Will Higher Food Prices Mean For You?

While we often write about the problems that the bigger payments like mortgages, medical bills and student loans cause for families throughout the Chicagoland area; however, the truth is that the ...
Continue reading "What Will Higher Food Prices Mean For You?" »

Are You Tired of Being 'Stuck in Slow-Growth Mode'?

While Bloomberg Businessweek reported on August 31, 2012, that consumer confidence hit a three-month high in August, an update released less than a week later by the Institute of Government and Public ...
Continue reading "Are You Tired of Being 'Stuck in Slow-Growth Mode'?" »

Homeowners Over 50 Being Hit Hard by Foreclosure

Reuters reported on August 21, 2012, that a report from the AARP Public Policy Institute shows roughly 3.5 million homeowners owe more on their mortgages than their properties are worth. One troubling ...
Continue reading "Homeowners Over 50 Being Hit Hard by Foreclosure" »

More than 5,000 Illinois Homeowners Receive Over $357 Million in Relief

According to a Chicago Tribune story published on August 29, 2012, more than $357 million in relief has made its way to 5,268 Illinois homeowners as of June 30, 2012. This is the result of the $25 ...
Continue reading "More than 5,000 Illinois Homeowners Receive Over $357 Million in Relief" »

Five Tips to Help Avoid High Medical Bills

In our post on Monday, we discussed a recent Chicago Tribune article that highlighted how many individuals often become overwhelmed with bills for medical services that they did not really need. Just ...
Continue reading "Five Tips to Help Avoid High Medical Bills" »

With Medical Bills, 'Patients Who Can Least Afford It Often Get The Highest Bills'

As a Chicago Tribune story noted on August 29, 2012, a 2005 Harvard study found medical bills are the No. 1 cause of bankruptcy in the United States. However, the Tribune also pointed out that about ...
Continue reading "With Medical Bills, 'Patients Who Can Least Afford It Often Get The Highest Bills'" »

FTC Complaints About Debt Collectors Have Increased 73 Percent Since 2008

This video is another segment from the March 2009 Dateline NBC story on debt collectors that we posted on Wednesday. In that blog post, we also discussed one of the victims of aggressive debt ...
Continue reading "FTC Complaints About Debt Collectors Have Increased 73 Percent Since 2008" »

30 Million Americans Dealing with Debt Collection Industry

This video is from a March 2009 Dateline NBC segment on the dirty tactics used by debt collection agencies in the United States. While the segment is more than three years old, little has changed in ...
Continue reading "30 Million Americans Dealing with Debt Collection Industry" »

Durbin Looking to Help Students Who 'Have No Idea What They’re Getting Into'

As US Senator for Illinois Dick Durbin says in this video of a speech he gave on the floor of the Senate this past April, student loan debt has surpassed credit card debt in America and "it is growing ...
Continue reading "Durbin Looking to Help Students Who 'Have No Idea What They’re Getting Into'" »
104 results found. Viewing page 1 of 5. Go to page 1 2 3 4 5   Next
Start Your Questionnaire

Categories

How may we help you?

Schedule an appointment today.

Why Choose Us?

  • 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.