• Russell Brand’s Father Faces Bankruptcy For Unpaid Rent

    We have written before about famous bankruptcies , and two stories in one week demonstrated that celebrities are still subject to the same financial difficulties as the rest of us. WENN.com reported on August 7, 2012, that actor and comedian Russell Brand’s father, Ron, was facing bankruptcy after amassing more than $20,000 in debt. The 67-year-old reportedly owed the sum in unpaid rent and was due to appear in court in the United Kingdom that day, but a source told British newspaper the Daily Mirror that he refused to borrow the money from his son because he does not want to “burden him.”

    “Ron would never want to burden Russell with his problems and would never dream of asking for money,” the source told the Mirror. “It’s a really stressful situation but Ron is determined to work through his problems. Ron’s made a couple of bad investments and has struggled financially as a result. It’s obviously upsetting but he’s confident he can turn things around.”

    While it is certainly understandable for people to want to handle financial problems on their own, you should also know that it is not a sign of weakness to ask for help. In our next blog post, we will discuss the other high-profile bankruptcy that garnered headlines that day, but you should know that there is assistance available if you are currently struggling to pay your monthly bills. A Chapter 7 or Chapter 13 bankruptcy can help you and your family get a fresh start. Contact our firm at (866) 930-7482 or complete the form on this page to have our Chicago bankruptcy lawyers review your case.

    Benjamin Brand Services – Chicago bankruptcy attorneys

  • How One Family Wiped Out $1,200 in Credit Card Debt, Saved $575 in Interest

    On Monday, we discussed a Chicago-based debt settlement firm that will be refunding more than $2 million to Illinois customers. The video above is a July 4, 2012, segment from WBBM-TV as part of the station’s “Survive This Economy” series. The Wright family’s story demonstrates how paying more than the monthly minimum can wipe out credit card bills in a matter of months rather than the years it would take by only paying the minimum each month.

    While paying off credit card balances as soon as possible is certainly the ideal way for consumers to manage their finances, many families in Chicago and throughout Illinois are struggling just to pay the monthly minimums. For many cardholders, unemployment or reduced income prevents them from paying more.

    If you are currently overwhelmed with credit card debt, you should know that you may be able to discharge your unsecured credit card debt by filing Chapter 7 or Chapter 13 bankruptcy . You can either use the form on this page to have us review your case or you can contact our firm at (866) 930-7482 to schedule an initial consultation.

    There is one group in particular that needs to be especially cautious about how they handle credit cards, and we will further discuss that in our next blog post.

    Benjamin Brand Services – Chicago bankruptcy attorneys