• Chicago One Of Five ‘Choice Neighborhoods’

    Chicago was one of five U.S. cities to get an inaugural “Choice Neighborhoods Initiative” grant, receiving $30.5 million in federal grant funds to redevelop a Woodlawn housing project as part of a nationwide effort to revitalize certain neighborhoods. Crain’s Chicago Business reported on August 31, 2011, that the funds are part of the U.S. Housing and Urban Development program that will give five cities a total of $122 million. The other four cities are Boston, New Orleans, San Francisco and Seattle.

    HUD Secretary Shaun Donovan said the $30.5 million grant will be used to try to leverage up to $272 million in total investments from various organizations, according to the Chicago Tribune. Much of the award will go to the not-for-profit Preservation of Affordable Housing (POAH), a nonprofit that is redeveloping Grove Parc Plaza, a federally subsidized 504-unit building built in the 1960s on Cottage Grove Avenue.

    If you are finding it harder to hang on to your own neighborhood house these days, you can get deserved relief today by learning how to file for bankruptcy . Whether you need to eliminate bills and stop foreclosure or just want to end creditor harassment, our experienced firm can provide you with all the necessary Chapter 13 or Chapter 7 bankruptcy information you need to reach a productive debt settlement. If you are unsure whether or not you need to fill out a bankruptcy means test , contact our office today to schedule a free initial consultation and start receiving the advice and the peace of mind you have been seeking.

    Benjamin Brand Services – Chicago bankruptcy lawyers

  • Consumer Confidence Hits Lowest Level In More Than 2 Years

    The Consumer Confidence Index fell to 44.5 percent in August, a drop of nearly 15 points from a revised 59.2 in July. The Associated Press reported on August 30, 2011, that the sharp deterioration marked the lowest level for the number since the 40.8 reading in April 2009. Analysts had expected 53.3, according to the AP.

    The AP attributed the decline to a number of factors, including the Standard and Poor’s downgrading of the U.S. federal debt on August 5, 2011, and the Dow Jones industrial average’s four consecutive days of 400-point swings for the first time in its 115-year history during the following week.

    Consumers’ views on jobs are souring too with the unemployment rate stuck at 9 percent, according to the AP. The number of those who classify jobs as “hard to get” increased from 44.8 percent to 49.1 percent while the number identifying jobs as “plentiful” decreased from 5.1 percent to 4.7 percent.

    If you feel that your own confidence has been rattled by job difficulties and have questions about a bankruptcy means test or want Chapter 7 bankruptcy information , contact our Chicago bankruptcy attorneys today to help eliminate bills and stop foreclosure .

    Benjamin Brand Services – Chicago bankruptcy lawyers