Category: Illinois

Many people who are considering Chapter 13 bankruptcy wonder how long it will stay on their credit report. The short answer is seven years from the original filing date. However, it’s important to remember that the negative impact of the Chapter 13 filing can decrease over time. What happens to your score when Chapter 13 bankruptcy ends? Your bankruptcy ends once your eligible debts are discharged at the completion of your.......................

People who file bankruptcy are often concerned about their credit scores. It’s important to remember that your credit score is not permanent and with consistent effort, you can improve your score. Time will pass, and if you have a plan and are mindful about credit and debt following bankruptcy you can rebuild your credit score after bankruptcy. What will my credit score be after bankruptcy? Many people who file.......................

People sometimes think if they can’t afford to make their monthly payments, they can’t afford a bankruptcy attorney. However, this most often is not the case, and it’s important to understand the pros and cons before trying to file bankruptcy yourself. What does filing bankruptcy without a lawyer actually mean? Many people know it is possible to file bankruptcy without an attorney, but may not fully.......................

If you are considering taking out new debt or struggling to manage your existing debt, you may be wondering what the difference is between secured and unsecured debt. Knowing the difference between secured and unsecured debt can help you protect your assets and your family if you are short on cash. What is secured debt and how does it work? Simply put, secured debt refers to the money.......................

Understanding how long the repossession process takes is critical to preventing it or mitigating the damages if your vehicle is repossessed. If you are worried about repossession, you should know that a repossession can happen faster than most people think. Once your car is repossessed, the clock is ticking, and you’ll need to act quickly.Car repossession process: Meaning If you are in danger of having your car repossessed, you are rightfully worried about what’s going to happen. You’re likely wondering exactly how long the......................

In a recent Bloomberg article published August 5, 2025, the economic alarm bells started ringing loud and clear: more Americans are behind on their student loans than at any time in over two decades. In the second quarter of 2025 alone, 12.9% of all student loans became 90 days or more delinquent - a record high since the New York Federal Reserve began tracking the data 21 years ago.......................

If you are considering Chapter 13 bankruptcy in Texas, you may be curious how much it costs to file. Many people are worried they cannot afford to file bankruptcy and while there are several fees associated with filing, most fees can be paid in installments or even included in your court-approved repayment plan. Chapter 13 bankruptcy: Texas specifics Chapter 13 bankruptcy is governed by federal and state law. It’s important to know that bankruptcy varies from state to state. In Texas, there are several important things you should know.......................

If you recently purchased a new vehicle or are thinking about getting a new car, you might be wondering about the pros and cons of Guaranteed Asset Protection, also known as GAP or GAP insurance. This blog will explain the meaning of GAP, how it works, and who could benefit. Guaranteed asset protection: Meaning Guaranteed Asset Protection (GAP) is sometimes called GAP coverage or GAP insurance; it is an optional insurance coverage offered as a supplement to an auto, motorcycle, boat, ATV, or RV loan. ......................

If you’re considering filing for bankruptcy, it’s important to understand the different bankruptcy chapters so you can make an informed decision. The three main types of bankruptcy are Chapter 7, Chapter 11, and Chapter 13. Each chapter has different requirements and rules. Ultimately, choosing the right chapter of bankruptcy will depend on your assets, types and amounts of debt, as well as......................

If you are being harassed by debt collectors, you may be wondering if this will last forever. The good news is that there is a statute of limitations on debt collection, and once that expires, you cannot be sued for that debt. It’s important to understand your rights and avoid making a costly mistake that could revive old debt or restart the clock on the statute of limitations.....................