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Author Archives: Robert J. Semrad

Unlucky Thief Has Getaway Car Repossessed During Robbery

In August of last year, the Chicago Tribune reported that a Zion, Illinois, man had his car repossessed at a very inopportune time. Che Hearn, 25 years old, had planned to use the vehicle to carry about $300 worth of stolen electronics away from the Walmart store at 2680 N. Route 83. Unfortunately for Hearn,… Read More »

How Bank Overdraft Fees Punish the Poor

Last year, CNN Money reported that the big three banks in the United States – JPMorgan Chase, Bank of America and Wells Fargo – had made $1.1 billion on overdraft fees in the first three months of that year alone. Obviously, overdraft fees are a big money-maker for the banks, but who is most likely… Read More »

Keeping Your Car in a Chapter 13 Bankruptcy

Bankruptcy is an extremely useful tool for helping people move forward and get a new start on their finances. Unfortunately, many people do not take advantage of bankruptcy because of fears based on myths or misunderstandings. One of the more common reasons that people don’t file is that they are scared of losing their car…. Read More »

How to Get Debt Collectors to Stop Calling

These days, many Americans have fallen behind on some or all of their bills. People tend to believe that through hard work, budgeting and sacrifice, they will be able to get back on track and get the debt collectors to stop calling. In some cases, this may be true. For many others, however, no matter… Read More »

Knowing When to File Chapter 13 Bankruptcy

You should consider filing for Chapter 13 bankruptcy as soon as you realize your financial burden is too much to handle without help. There is no need to wait until your home is in foreclosure or your car is being repossessed. Chapter 13 is called debt reorganization because it takes all of your existing unsecured… Read More »

How Debt Reorganization Can Help You

One option open to many people in debt is Chapter 13 bankruptcy, also known as debt reorganization. Debt reorganization is a tool that allows you to condense some of your payments down into one affordable payment so that you can afford to pay your mortgage and keep your home. When many people think of bankruptcy,… Read More »

Filing for Bankruptcy Again? Rules for Repeat Filing

Sometimes it may be necessary for someone who has already filed bankruptcy to file again later. Life can be unpredictable. Just when you’ve solved some major problems and put your life back on track, the world can hit you with a curveball. Maybe a divorce has left you with no money. Perhaps an illness has… Read More »

How to Stay in Your Own Home with Chapter 13 Bankruptcy

One of the most frightening things that ever comes in the mail is a notice that you are behind on your mortgage payments and your bank is considering foreclosure. If you act quickly, it is likely that you can avoid foreclosure through Chapter 13 bankruptcy. Debt reorganization, officially called Chapter 13 bankruptcy, is a way… Read More »

Is Chapter 13 Bankruptcy the Right Way to Eliminate Credit Card Debt?

Credit card debt has overwhelmed many families in the United States. While credit cards are really only intended to be used in limited situations, they have become a way of life. People use their credit cards for many or all of their purchases, often with no way to pay those debts back. Until recently, credit… Read More »

The Most Common Reasons for Filing Bankruptcy Aren’t What You Think

Many people believe that bankruptcy is only for those who are financially irresponsible. Bankruptcy is wrongfully portrayed by the media as being a get-out-of-jail free card for those who don’t want to work. In truth, bad financial habits are not the most common or even the second-most common reason for filing bankruptcy in the United… Read More »