Category Archives: Bankruptcy

Illinois Bankruptcy Lawyers Offer Tips for Keeping Your Job in a Recession

An air of fear has permeated workplaces across the country in recent months as rumors of downsizing and layoffs put workers on edge. It’s hard not to question your job stability when you see the jobs of family, friends and maybe even co-workers falling like dominoes all around you. But if you’re worried about losing… Read More »

Celebrate Independence Day by Freeing Yourself from Debt, Suggest Illinois Bankruptcy Lawyers

Six years ago, I was in debt. Today, I’m not. And the difference means the world to me. That’s why, on Independence Day, I celebrate not just my country’s freedom but my own personal freedom. Of course, when I had the debt, it seemed normal. It was normal for me to use a credit card… Read More »

Chicago Bankruptcy Lawyers See Economy as a Good Excuse to Kick Bad Habits

What’s more powerful than peer pressure, a way to relax or a desire to fit in? Money! I could tell you that at 15 years old, when I quit smoking. To be fair, I had only been a smoker for about a month. As an honor student, I had been desperate for a not-too-scary way… Read More »

Illinois Bankruptcy Lawyers Compare Benefits of Chapter 13 to Loan Modification

Loan modification is a good idea in theory. You can’t afford your mortgage, so a modification company convinces the bank to rewrite your loan, lowering your monthly payment to a more reasonable level. You can afford to keep your house while the bank avoids having to go through the costly foreclosure process – and under… Read More »

Chicago Bankruptcy Attorneys Warn Credit Card Companies Are Lowering Limits for Consumers

One day credit card companies are stuffing your mailbox full of offers – the next, they’re taking your credit away. Creditors are cutting credit limits – and not just for high-risk customers, according to an article in BusinessWeek. It’s been reported that 16% of customers had their limits reduced between April and October 2008. Of… Read More »