personal bankruptcy

Common bankruptcy myths debunked

If a consumer in Frankfort, Illinois, believes they have no way out of debt, they might consider bankruptcy. Chapter 7 removes debt by requiring the selling of some assets while Chapter 13 is a structured repayment plan, and both can help get debts discharged....

Why are farm bankruptcies increasing?

If you and your family farm, no one need tell you that times are tough for farmers. Low commodity prices, retaliatory tariffs and natural disasters, followed by the worst unemployment rate in decades, have placed many family farmers in untenable financial positions....

Creditor harassment and its limits

Consumer debt is an ordinary part of American life, and millions of Americans have mortgage payments, car loan payments, student loan payments, medical debt, credit card bills and other types of debts. For many of us, these burdens are difficult, but not overwhelming....

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