• 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

  • Could 25 Cents Bring 40,000 Jobs To Chicago?

    The Occupy Wall Street movement that started in New York in September inspired thousands of protestors to take to the streets of downtown Chicago on October 10, 2011. While demonstrators around the nation were gathering to rally against economic inequality, the “Stand Up Chicago” coalition released their own plan to bring 40,000 jobs back to the Windy City on October 7, 2011.  According to the Chicago Reporter, the group has proposed collecting a $0.25 cent contract speculation fee from traders on the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE).

    The tax would generate $1.4 billion in revenue, despite an anticipated 15 percent reduction in trading volume because of the tax, according to the Reporter. Reuters, however, noted that the exchanges typically argue that such a tax would simply send trading elsewhere, and “CME and CBOE executives have already been considering pulling up their Chicago stakes and relocating to other states to avoid steep tax hikes imposed by Illinois earlier this year.”

    “Stand Up” indentifies themselves as groups of “workers, foreclosure victims , teachers, the unemployed and others who are tired of big banks and corporations bankrupting our neighborhoods.” Are you involved in “Stand Up Chicago” or did you attend any of the demonstrations? Do you think taxing the exchanges an extra quarter for every transaction will bring more jobs to the city? Our Chicago bankruptcy attorneys want to hear from you. And if you are currently considering a bankruptcy means test as part of filing for Chapter 7 or Chapter 13 bankruptcy to avoid foreclosure, contact our office today for a free consulation.

    Benjamin Brand Services – Chicago bankruptcy lawyers