personal bankruptcy

When should you file for bankruptcy?

Illinois residents heavily in debt often wonder if there’s any way out. Bankruptcy might just be the answer. It’s important to know when you should file. What should you consider before filing for bankruptcy? Filing for bankruptcy should only be used as a last resort...

Avoiding the fear of bankruptcy

Many people in Illinois hesitate to file for any type of bankruptcy. This keeps them from getting the fresh start that they need when they are struggling with debt. Consumers need to take a step back and analyze exactly how it can improve their situation in the long...

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....

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