Category Archives: Bankruptcy

Chicago Bankruptcy Lawyers See Rise in Phony Check Scams

Sometimes the smartest thing you can do is to trust your gut. But unfortunately, that can be hard to do when faced with the prospect of free money. That’s why more than one million people in the U.S. have fallen for a growing phony check scam. So far, it’s estimated that one-third of all Americans… Read More »

Illinois Bankruptcy Attorney Explains Cardholder’s Bill of Rights

As Americans, we’re known for seeking the easy way out, be it a magic diet pill that lets us lose weight without diet or exercise or a little plastic card that (seemingly) allows us to buy whatever we want, regardless of whether we can afford it. So it shouldn’t come as a surprise that people… Read More »

Chicago Bankruptcy Attorneys Warn of Universal Default Clause

When my credit card debt was at its highest, I felt like the whole world was against me. And, technically, it kind of was. It’s called universal default. I made most of my payments on time. But as I put more debt on more credit cards, it became difficult to keep track of them all… Read More »

Illinois Attorneys Compare Personal Bankruptcy and Credit Counseling

Chicago and Atlanta Bankruptcy Attorney Rob Semrad on Credit Counseling Remember the old adage, “If it sounds too good to be true, it probably is?” If we could just keep that in mind, credit counseling companies would probably go out of business – and folks wouldn’t fall victim to any more scams trying to eliminate… Read More »

Chapter 13 Bankruptcy Can Prevent Illinois Foreclosures

With U.S. foreclosures up 32 percent in the last month, there’s good news and bad news for Illinois homeowners. First, the good – foreclosures here decreased 11 percent from March to April, making the state more stable than the rest of the country. Now the bad – that’s still 54 percent higher than a year… Read More »