Which Workers Will Be Commanding Higher Incomes in 2013?

The Chicago Tribune reported on October 4, 2012, that technology, finance and administrative workers are among the professionals who are likely to be making more money next year. A report from staffing resource company Robert Half Management Resources (company profile in the video above) said mobile applications developers will earn an average of 9 percent more in 2013, technology employees can expect a 5.3 percent boost, and accounting and finance professionals will see an average 3.3 percent increase. The Menlo Pak, a California firm, also said administrative and office support positions will see a 3.5 percent pay boost, according to the Tribune.

A separate report issued in July by management consulting firm Hay Group predicted that American workers will see a median 3 percent pay raise, according to the Tribune. However, the group noted that salary increases between 3.5 and 4 percent were common before the recession, and the expected 3 percent median raise will not do much in the face of inflation.

The Commerce Department reported that personal income grew only 0.1 percent in August, the same amount as July. Furthermore, the savings rate slipped to 3.7 percent of after-tax income after reaching 4.1 percent the previous month, the Los Angeles Times reported.

If your income is not increasing enough to keep up with rising gas prices, mortgage payments and all of your other bills, you may be able to discharge you unsecured debt by filing Chapter 7 or Chapter 13 bankruptcy . You can use the form on this page to let our Chicago bankruptcy lawyers determine whether Chapter 7 or Chapter 13 works best for you, or you can contact our firm today at (866) 930-7482.

Benjamin Brand Services – Chicago bankruptcy attorneys

More Consumers Refuse to Be Cleaned Out by ‘Messy Business’ of Debt Collection

Dr. Chris DeRitis, a consumer credit expert at the economic research and consulting firm Moody’s Analytics, told the Times-Tribune of Scranton, Pennsylvania, that all debt collection is under the microscope. “A lot of this debt gets traded three, four or five times,” Dr. DeRitis told the Times-Tribune for the story published on October 21, 2012. “It’s a messy business.”

The Times-Tribune noted that many collection agencies that buy debt do not have all the documentation to support the original agreement, meaning many companies are filing debt-related lawsuits with “insufficient records, faulty documents and questionable claims.”

“Some companies are doing this more responsibly than others,” Dr. DeRitis told the Times-Tribune. “There are cases of fraud where unscrupulous debt collectors put charges on people’s accounts.”

Allegheny County Judge R. Stanton Wettick, who has presided over “hundreds of cases in which banks sold delinquent credit card accounts to debt buyers who filed litigation to recover the money,” told the Times-Tribune that sometimes the affidavits do not appear to be signed by the right people. The story noted that debt collectors frequently prevail in court because many defendants in credit card suits never contest the action. “If 100 get filed, 75 turn into default judgments,” Judge Wettick told the Times-Tribune.

However, the Times-Tribune also pointed out that because default judgments enable debt collectors to freeze a consumer’s bank account or garnish wages to recover obligations, more consumers are now challenging the evidence. “For a lot of companies now, if someone shows up and contests it, it may not be worth their while to pursue it,” Judge Wettick told the Times-Tribune.

If you are being harassed by debt collectors about your credit card debt , filing Chapter 7 or Chapter 13 bankruptcy will end those phone calls. You may be able erase your credit card bills and other unsecured debt by filing Chapter 7 bankruptcy , or you could pay back a fraction of what you owe through a Chapter 13 plan. Contact our firm at (866) 930-7482 or complete the form on this page to have our Chicago bankruptcy lawyers determine which plan would work best for you.

Benjamin Brand Services – Chicago bankruptcy attorneys

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