• 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 Affairs at the University of Illinois said the state’s economy is “stuck in slow-growth mode.” The State Journal-Register reported on September 4, 2012, that a “flash index” of corporate, individual and sales tax receipts was unchanged at 102.9 in August. The figure has remained in that range for the past three months after what the Journal-Register said had been two years of steady growth.

    “As is the case in months past, while the rate of growth is now positive, it is not strong enough to make much headway in reducing the unemployment rate,” the report stated.

    As the local economy continues to underwhelm, it’s thousands of middle-class families in Chicago and surrounding areas that continue to feel the burden. Millions of homeowners dig deeper into credit card debt just to pay for gas and groceries. They are forced to sweat every month as they wonder whether or not they will have the money to get by.

    While all of us want to see the news get better, the reality is that times are tough. If you are struggling to pay your mortgage or your family is facing the threat of foreclosure, you need to know that you have options. Filing Chapter 7 or Chapter 13 bankruptcy can help bring you the relief you need by ending the calls from debt collectors and giving you a fresh start. If you want to see what our Chicago bankruptcy lawyers can do for you, get started by completing the form located on this page or contacting our firm today at (866) 930-7482.

    Benjamin Brand Services – Chicago bankruptcy lawyers

  • 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 billion national mortgage foreclosure settlement in February 2012 with the country’s five largest mortgage servicers-Bank of America, CitiMortgage, Ally Financial, JPMorgan Chase and Wells Fargo-over “shoddy foreclosure practices.” This information was in a report released on August 29 by the independent monitor of the settlement.

    “I am cautiously encouraged by the initial progress reported by the independent monitor,” Attorney General Lisa Madigan told the Tribune. “We’re starting to see real results for Illinois families.”

    The Tribune reported that Illinois ranks fourth in total number of borrowers who have received assistance, and the servicers reported that they granted $10.56 billion of relief nationally to 137,846 borrowers between March 1 and June 30.

    Are you facing foreclosure? You may be able to delay or avoid foreclosure by filing Chapter 7 and Chapter 13 bankruptcy . If you would like to learn more about filing bankruptcy and the benefits of an automatic stay, complete the form on this page to let our Chicago bankruptcy lawyers review your case or contact our firm today at (866) 930-7482 to schedule a free consultation.

    Benjamin Brand Services – Chicago bankruptcy lawyers