Unsecured credit is easy to come by in the United States, which is beneficial for the economy overall. Unfortunately, during times of economic decline, people can quickly find themselves overwhelmed by debt that would have been manageable just a few months before....
Bankruptcy
Delinquency rates, credit card debt are rising
If there is one kind of debt that can add up quickly and make it hard to eliminate what you owe, it’s credit card debt. Credit cards often have high interest rates. Missing a payment can lead to penalty fees and rate increases, too. You’re not alone if you’re...
Can bankruptcy’s automatic stay help you?
Not so long ago, life was going well. You never dreamed that a few months later you’d be out of work, your bills would be piling up and you’re worried that you’ll soon be facing an eviction or a foreclosure. Filing for bankruptcy may be your best option. Once you file...
Common reasons to file for Chapter 7 bankruptcy
Many Illinois residents currently find themselves in a very challenging financial situation. Whether you have seen your hours cut or have lost your job, it can be hard to make ends meet when the income that you depend upon is reduced dramatically. Any savings that you...
