Bankruptcy

If you are having trouble with your finances because of medical bills, high expenses, job loss or other issues, you may be wondering if you should try bankruptcy or attempt to consolidate your debts. One of your options might be a Chapter 7 bankruptcy, which would...

You know that you want to file bankruptcy. You’ve gone over all of your options. It seems to make the most sense. It’s been a trying year and this is the best way forward. What you’re really curious about isn’t whether or not this is the right decision, but how long...

People who have balances with creditors that they can’t pay often feel considerable stress. They might realize that they need to do something about the issue, but they may not have the ability to eke any more money out of the budget to pay for the bills. For those...

There are many reasons why people are often hesitant to file for bankruptcy. One that debtors often share is that they fear that they'll never regain creditworthy status again. A bankruptcy will indeed remain on your credit report for between seven to ten years once a...

Bankruptcy has certainly been portrayed as a last-ditch effort to rid a person of debt. It has been scrutinized and villainized in the media, so it isn’t surprising when people believe that it is their last option and should be avoided at all costs. Bankruptcy is...

Medical costs have skyrocketed in recent years, a factor that has left many Illinois residents encumbered by debt. It shouldn't come as a surprise to learn that researchers published a 2019 study in the American Journal of Public Health listing medical bills as one of...

When you are struggling with debts, it’s important that you choose how you want to move forward and eliminate them. You have two main options, which are to enter into bankruptcy or seek debt relief through other methods. If debt is overwhelming you, you may not see a...

When you don't make quite enough to cover all of your expenses out of pocket each month, credit cards are invaluable. They help you cover expenses until you have another paycheck in the bank. People tend to lean on them even more during the holidays to cover gifts,...

One big question that people considering bankruptcy ask is what kinds of assets creditors can take during the bankruptcy. The answer depends on the kind of bankruptcy you have as well as the exemptions you take. If you go through a Chapter 13 bankruptcy, you will not...

If you’re unhappy with your financial decision, it never hurts to learn more about Chapter 7 bankruptcy. As you come to better understand the benefits, you’ll find it easier to decide if this is the right way to escape many of your financial problems. The primary...