Uncle Sam Extends Homebuyer Credit, Unemployment Checks

Sometimes finding help is as easy as asking for it.

Uncle Sam heard our cries for help loud and clear - in one particular case, at least. With the housing and job markets lagging behind recent economic progress, Congress has just opted to expand a popular homebuyer tax credit and continue handing out unemployment checks.

So what does that mean for you? If you're in the market for a house, you could still be in line for the $8,000 tax break that was originally set to expire at the end of the month. And if you live in a home you've owned for five years or more, you're now eligible for up to $6,500 off your taxes. Without a job? Unemployment will be extended by another 14 weeks (20 weeks in states with unemployment of more than 8.5%).

Once upon a time, Americans lost their homes, cars, possessions and reputations because they were too embarrassed to seek help. But that's changing - help is coming to you. You just have to keep your eyes open.

If you're facing foreclosure, repossession or worsening credit, don't wait until it's too late. Take advantage of one of the growing opportunities to get back on the right financial track.

Of course, a tax credit - no matter how cushy - or several more weeks of unemployment checks isn't going to cut it for everyone. With many of us deeply in debt, these are just temporary fixes. But you don't need to let a growing debt burden get the best of you, thanks another opportunity courtesy of our federal government -- bankruptcy.

Bankruptcy has been helping millions of Americans since the "great recession" hit. Not only is filing for Chapter 13 or Chapter 7 bankruptcy your Constitutional right as an American, but it can protect you from banks and creditors and eliminate debt, freeing up funds that would have gone to pay debts for your other needs. You don't have to be an expert to find out if bankruptcy is your ticket to financial freedom - just schedule a complimentary one-on-one debt analysis wth one of our Chicago bankruptcy lawyers. Times might be tough, but help is here.

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