• Making Foreclosures Strategic

    What if foreclosure could be used for your benefit? According to a September survey conducted by business schools at the University of Chicago and Northwestern University, 34 percent of foreclosures are of the “strategic variety,” the Press-Enterprise reported on October 18, 2011.

    Strategic defaulters could afford to stay current on their mortgage payments but decide to “walk away” and let lenders foreclose. In the Press-Enterprise article, one family was preparing to buy a brand new house that was nearly twice the size of their first house, although the new payments will be no more than the old ones. Because it generally takes three years of waiting with strong handling of finances in that time span, it makes sense that some foreclosure veterans are showing up now.

    While it is encouraging that some homeowners can use the current housing market to their advantage, where does that leave the families who are facing foreclosure but want to stay in their current home? If you are in need of foreclosure help , then now is the best time for you to consider the benefits of filing bankruptcy . Our Chicago bankruptcy lawyers can help you get deserved relief today by filing a Chapter 13 or Chapter 7 bankruptcy that can help consolidate, reorganize or eliminate your debt. Whether you have heard of a bankruptcy means test or not, our firm can answer all of your questions when you contact our office to set up a consultation.

    Benjamin Brand Services – Chicago bankruptcy attorneys

  • Will More Startups Lead To More Hiring?

    Startup companies are growing in Illinois and many of them will be planning to hire new employees this year, the Chicago Tribune reported on October 17, 2011. In a survey distributed by the Chicagoland Entrepreneurial Center with the help of other groups, 77 of 136 participants said their company was founded between 2006 and 2010. Only 12 companies were founded between 2000 and 2005, and the Tribune noted 30 startups have been formed in 2011 alone.

    Furthermore, almost 65 percent of respondents said they would add employees in 2011, with the majority of those new jobs based in Chicago. The Tribune also noted that 92 respondents said they are on the hunt for capital, and more than 75 percent of that group put themselves in the seed or early stages, thus preparing for a commercial launch or seeking funds to jumpstart sales.

    Have you been crippled financially because of unemployment? Are you making substantially less at a new job? If you need to eliminate bills and stop foreclosure, our Chicago bankruptcy lawyers can help you with an affordable bankruptcy now. A bankruptcy means test can be the start for you to get deserved relief today. Filing for a Chapter 13 or Chapter 7 bankruptcy can help consolidate, reorganize or eliminate your debt. If you have been desperately seeking foreclosure help , contact our office today to set up a consultation with our firm that could help finally end creditor harassment.

    Benjamin Brand Services – Chicago bankruptcy attorneys