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According to the Federal Reserve, student loan debt in the United States has reached an all-time high of $1.5 trillion. This figure represents a burden for both individuals and the economy as a whole. Student loan debt can make it difficult for graduates.... Read More »

Homeowners facing foreclosure often feel like they are up against impossible odds. Not only are they dealing with the stress of potentially losing their house, but they also have to navigate a complex legal process.... Read More »

A 341 Meeting of Creditors takes place after the debtor has filed for bankruptcy. It is presided over by a representative from the U.S. Trustee's office. Creditors and their lawyers are invited to attend this session to discuss the debtor's assets and liabilities... Read More »

Credit card debts can be a burden for many Americans. If you're struggling to make ends meet, you may feel like you have nowhere to turn. But there are options available, even if you don't have any money to start with... Read More »

Many people are hesitant to file for bankruptcy because they think that the negatives outweigh the positives. However, this typically isn’t actually the case. Filing can provide significant financial relief that far exceeds any adverse consequences... Read More »

When parents in Illinois find themselves struggling to make ends meet, they may consider filing for bankruptcy. Unfortunately, some debts—such as child support payments—are not dischargeable through the process. Still, filing can help you get back on... Read More »

Many people who consider filing for bankruptcy are concerned that they will lose their vehicle, home, or other personal items. Fortunately, the state of Illinois offers legal protection for most (if not all) of your assets. This protection is... Read More »

Many people are hesitant to take advantage of the relief offered by Illinois bankruptcy laws because they’re concerned about the hit their credit score will take. However, the truth is that ultimately, it will recover. In fact, it can be better than... Read More »

Many people know that bankruptcy would be their best option for their family, but are worried about filing because they don’t want others to know that they’re struggling financially. If you are considering filing for bankruptcy, you may wonder... Read More »

Filing for bankruptcy isn’t something that anyone ever expects to have to do. But when hard times arise, it may be the best option for you and your family. If your financial obligations are piling up, and it feels like there’s no way out... Read More »