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Americans Taking on Significantly More Debt, Much Of It Student Loans

Americans are back on the credit card wagon in a big way – and that’s both good and bad news, according to a recent CNN Money article. The Federal Reserve Bank of New York’s just-released Household Debt and Credit Report shows U.S. consumers took on $241 billion in new debt this past quarter, the biggest… Read More »

Who Can Benefit from Filing Chapter 13?

You work hard and try to pay your bills on time, but the weight of your debt is too overwhelming.  You need help, time, or both to arrange your finances.  However, your creditors continue to press you for payments and some may even threaten to garnish your wages or take other legal action against you…. Read More »

Six Common Mistakes That Could Ruin Your Bankruptcy Case

Filing bankruptcy requires carefully planning with qualified and experienced chapter 7 bankruptcy attorneys in Chicago to avoid making common mistakes. Although you may be able to correct some minor mistakes, others could prove costly and ruin your chances of discharge — or worse. People filing Chapter 7 bankruptcy in Illinois should avoid these common errors… Read More »