The cost of housing, groceries and essentials is rising every day and sometimes, despite their best efforts, people are unable to make ends meet. They may turn to credit cards or loans to bridge the gap. Although it is no fault of their own, if they are unable to make...
personal bankruptcy
If I file bankruptcy, will I lose my house?
If you are a homeowner in Illinois who is struggling with debt and considering filing for bankruptcy, you may be worried about losing your home and vehicle. Depending on your situation, you may be able to keep your property and get a fresh start. Two main types of...
A growing number of people face overwhelming credit card debt
Credit cards are a common way for people to purchase items they need or want. Some may overextend themselves. In Illinois and across the United States, as credit card debt increases and money becomes tighter, there is growing concern as to how people will make ends...
Creditor harassment illegal under the FDCPA
Due to the unexpected challenges of the past few years, many Americans have fallen on hard times, and as a result, are having trouble paying off their debt. To make matters worse, some people are facing additional stress due to harassment and abuse from creditors...
Stopping harassment from debt collectors
If you are being harassed by debt collectors, you know it can be a nightmare. Fortunately, there are legal protections and options available to you. One of the most important laws protecting against creditor harassment is the Fair Debt Collection Practices Act, or...
How can bankruptcy help me save my family’s home?
The threat of losing one’s home in foreclosure is one of the major reasons Will County families start thinking about bankruptcy. Getting behind in one’s house payments is stressful on a number of levels. The financial stress aside, foreclosure is a legal proceeding....
How do I know if my finances are too far gone?
When the creditor harassment starts, you know your bills are piling up. But, bankruptcy is probably not in the back of your mind yet. At some point, though, it will cross your mind, but at what point do you know if your finances are past the point of no return?...
Part 1: the basics of the bankruptcy process
While some people may think of bankruptcy as a four-letter word, the fact of the matter is that it can offer those drowning in debt a financial lifeline. Indeed, this was a fundamental goal of Congress when they passed the federal bankruptcy laws. The Supreme Court...
Student loan repayment may lead to more pain for debtors
The reinstatement of student loan repayments, so important to many borrowers in Will County, hangs in limbo. For two years, borrowers did not have to pay back these loans, but this deferment is set to end under one of two circumstances. In February, the Supreme Court...
Creditor harassment comes in many forms
The events of the last few years have left many Illinois residents struggling financially. Many people have fallen behind on bills or mortgage payments, causing them to rely on credit cards or loans to survive. Unfortunately, this usually only leaves many people with...