Category Archives: Chapter 7
Chicago Bankruptcy Lawyers note Government Moves to End Failed Foreclosure Assistance Program
Congress is moving to end the government’s failed mortgage modification program, once again leaving Chicago homeowners facing foreclosure to fend for themselves. Our Chicago bankruptcy attorneys continue to assist clients struggling with mortgage debt to determine the best course of action. The Home Affordable Modification Program was an abysmal failure largely because banks refused to… Read More »
Atlanta Bankruptcy Attorneys Suggest Emergency Savings Funds For Unexpected Taxes
Think Uncle Sam will take care of you if you lose your job? You’re right – for awhile. The first $2,400 you receive in unemployment benefits are free for you to keep, according to Atlanta bankruptcy attorneys. Make that $4,800 if you file taxes jointly as a married couple. But after that, you’re responsible for… Read More »
Atlanta Bankruptcy Attorneys See More Homeowners Default on House Than On Credit Card
What if you had two choices: Pay the mortgage each month, or pay your credit card bill? In the past, choosing was a no-brainer – put the money towards the roof over your head. But increasingly, Americans are starting to prioritize credit cards, meaning the mortgage gets left by the wayside, according to Atlanta bankruptcy… Read More »
Chicago Bankruptcy Attorneys See More Americans Paying Credit Cards Instead of Mortgage
Somehow our priorities got switched around during the Great Recession. Homeowners who used to prioritize paying their mortgage above all else are now opting to use that money to pay their credit card bills, Chicago bankruptcy attorneys say. In a way, it’s a strategy that makes sense. One-quarter of American homeowners are underwater – meaning… Read More »
Atlanta Bankruptcy Attorneys Say Asking For Advice Can Be Fastest Way Out of Debt
When we want to know if that sweater comes in our size, we ask a sales clerk. When we’re lost, we (hopefully) ask for directions. Yet when it comes to getting help with our debt, all of a sudden it’s mums the word, say Atlanta bankruptcy attorneys. Even though the vast majority of Americans are… Read More »