Category Archives: Chapter 7
Chicago Bankruptcy Lawyers Caution Against Paying Minimum Balance
I’ve got good and bad news. First, the bad – credit card companies are raising minimum payments. Now, for the good – credit card companies are raising minimum payments. No, I haven’t gone crazy. You see, higher minimum payments are actually a blessing in disguise. Yes, they might be more difficult to manage if you’re… Read More »
Take a Bankruptcy Cue From the Chicago Cubs
While once upon a time a bankruptcy filing might have meant embarrassment and shame, now it means something else – a fresh start. Those who file for bankruptcy today are intelligent, responsible – heck, they’re even famous. In case you need more proof that the stigma is finally fading, here it is – even the… Read More »
Famous Folks File for Bankruptcy, Too
There’s a longstanding myth that bankruptcy is for deadbeats. But the truth is, most folks who file for bankruptcy have jobs or are actively looking for work. Most can pay some bills. Most are intelligent, responsible, God-fearing citizens. They just need a little help. If that’s not enough to convince you that bankruptcy is more… Read More »
Bankruptcy Can Protect the Unemployed From Foreclosure, Advise Chicago Attorneys
The foreclosure saga continues. This week, the Washington Post reported that unemployment has officially overtaken subprime mortgages as the leading cause of foreclosure. An estimated 1.8 million homeowners could lose their house to the bank this year, compared to last year’s 1.4 million. Folks without jobs have an extra hard time qualifying for loan modification… Read More »
Atlanta Attorneys Say Unemployment Doesn’t Have to Equal Foreclosure
When an acquaintance of mine lost her job, her first priority was to continue feeding her kids. Her second priority? To find another job – so she could continue feeding her kids. Needless to say, she spent most of her time searching for work and none too much time worrying about the mortgage. The good… Read More »