Category Archives: Chapter 7
Credit Card Companies Desperate For Consumers Who May Be Thrust Into Atlanta Bankruptcy
You’ve probably noticed the increase in TV commercials and website advertisements that credit card companies are developing. Typically the pitches include introductory low interest rates and high rewards, rewards, rewards! Well, that’s just another credit card company money-making tactic in a huge push to sign up new customers for their death-trap cards and other offerings…. Read More »
College Savings Takes a Hit in Weakening Chicago Economy
A savings account may be a luxury for many people trying to save money for their future, but for many Chicago families, saving money isn’t as feasible as it once was. With the economy struggling to recover and people dealing with job loss, high-interest loans and credit cards that have kept them buried in debt,… Read More »
Atlanta Bankruptcies Dip, But That May Be Bad News
So far this year, bankruptcies have fallen about 8 percent nationwide, but experts don’t believe this is cause for celebration, The Atlanta Journal-Constitution reports. Filing for Chapter 7 bankruptcy in Atlanta can be a difficult decision, but clients of Atlanta Bankruptcy Lawyers have found that going through with the process brings with it a sense… Read More »
Chicago Foreclosures Get Cash Boost Under Mayor’s Plan
Nine neighborhoods struggling with foreclosed homes throughout Chicago will get an infusion of money under a $20 million loan pool proposed by Mayor Rahm Emanuel. This new program may help some homeowners who have fallen behind on monthly mortgage payments, but it won’t stop foreclosures altogether. Filing for bankruptcy in Chicago, will, however. An experienced… Read More »
Medical Bills Increasing Factor in Atlanta Bankruptcy
A recent article in The New York Times reports that about 20 percent of those looking for financial counseling in 2010 and 2011 cited medical debt as the No. 1 cause for seeking bankruptcy protection in Atlanta. Studies have long shown that medical bills, job loss and predatory lending practices — such as offering lower… Read More »