Category Archives: Bankruptcy

Can Filing for Bankruptcy Stop Creditor Judgments for Credit Card Debt?

Credit card judgments are like ticking time bombs: You never know when they’re going to go off. For many consumers, bankruptcy is the best way to diffuse this potentially disastrous situation. As consumer debts grow, more lenders are choosing to obtain judgments against defaulting borrowers. With a judgment, lenders and their bill collectors are granted… Read More »

Finding Missing Money Is One Way Chicago Residents Can Help Pay Off Debt

You know the thrill you get when you discover a $5 bill hiding in your pants pocket? Imagine how you’d feel if you found $500 in there. OK, so you’re not likely to stumble on half a grand in your jeans. But believe it or not, it’s not uncommon for folks to forget about similar… Read More »

Loan Modification vs. Bankruptcy: Which Is the Best Way to Stop Foreclosure?

When you’re falling behind on your mortgage payments, the chance to change the terms on your loan via a mortgage modification can sound almost too good to be true. Unfortunately, it often is. Loan modifications have gained notoriety in recent years, as lawmakers have tried to encourage them as a solution for struggling homeowners with… Read More »

Do You Have Too Much Debt? 5 Signs You Need Help Relieving Your Debt Burden

Debt has a tendency to sneak up on you. You open a new credit card account and tell yourself you’ll pay off the balance each month. You raid your 401k and promise yourself you’ll pay it back when you get that windfall you’ve been waiting for. You make a late payment or find yourself taking… Read More »

How to Find a Good Bankruptcy Attorney When You Need Help Getting Out of Debt

A great bankruptcy attorney is kind of like a great dentist. No one wants to get a root canal, right? But when you’re suffering and the situation isn’t going to get better on its own, a good dentist has the professional skill to expertly repair your problem – and the people skills to make the… Read More »