personal bankruptcy

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...

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...

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....

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?...

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...

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...

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...

Facing financial hardship is never easy, but modern-day collection efforts add a special kind of pain for anyone who has fallen behind on their financial obligations. Filing a petition for discharge (Chapter 7) or rearrangement of debts (Chapter 13) may seem...

This may come as little surprise, but many residents of Northern Illinois face marital problems and financial problems at the same time. Many Will County residents may even attribute their divorces to money woes. Like anyone else, people in Will County are free to...