Category Archives: Chapter 13
Illinois Bankruptcy Lawyers Remind Homeowners to Get Help Before Mortgage Payments Get Too Expensive
Here’s a riddle for you – what do homeowners and a certain large African bird have in common? Answer: They’re both known to bury their head in the sand when scared. Unfortunately, instinctive behavior isn’t always logical – and the bulk of an in-denial homeowner’s problems, like the bulk of an ostrich’s body, will still… Read More »
Chicago Bankruptcy Laywers Suggest Chapter 13 for Consumer Financial Protection
I guess the banking industry hasn’t heard of karma. After sending our economy into a downward spiral with irresponsible lending practices – and putting millions of Americans out of homes, jobs and dreams in the process – they were bailed out by the same taxpayers they nearly destroyed. So when the industry caught wind of… 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 »
Don’t Let Fear of the Unknown Keep You In Debt, Say Illinois Bankruptcy Lawyers
Sometimes there’s nothing scarier than the unknown. When you’re a kid, it’s the monster you swear is hiding under your bed at night. When you’re an adult, the fears that keep you up at night are a little more based in reality – like bankruptcy. With so many Americans in debt and facing foreclosure, you’d… Read More »
Chicago Lawyers Remind Homeowners That a House Is Worth More Than Its Current Value
When the real estate bubble burst, I learned an important lesson: home values don’t really matter. Of course, if you’re one of the millions of Americans writing monthly checks for a mortgage now worth more than your house, you’re probably shaking your fist at me right now. But hear me out. The idea of a… Read More »