One of the many benefits of filing a chapter 13 bankruptcy case is the ability to repay creditors less than what’s owed in many cases. Some cases don’t require a full payment to unsecured creditors.

In Chicago and around the country, people are over spending on their credit cards. Maybe it’s the have it now, pay for it later mentality. Maybe it’s the convenience of not having to carry cash. Maybe it’s the enticements of rewards by using the card.

Private Student Loans + Bankruptcy Reform = Unemployment Chuck told me today that he can’t buy a house because of his private student loans.  Fed Chairman Janet Yellen says he’s not alone–and that student loan debt is holding back jobs and the economic recovery.

One spouse of often ordered to pay the attorney fees of the other spouse in a divorce.

One spouse of often ordered to pay the attorney fees of the other spouse in a divorce.

A successful chapter 13 requires you to make timely, monthly payments to a chapter 13 trustee over the life of your plan. The plan could last anywhere from 36 to 60 months typically. Your plan may run less than that provided you pay off the debt in full.

Have your financial questions answered by financial coaching, credit repair and bankruptcy professionals – all under one roof!
Financial Coaching  – Make good money but you have no idea where it goes? Feel like you’re “bad with money?” Learn how to quickly get a hold of your finances so you can get out of debt and save more money!

Have your financial questions answered by financial coaching, credit repair and bankruptcy professionals – all under one roof!
Financial Coaching  – Make good money but you have no idea where it goes? Feel like you’re “bad with money?” Learn how to quickly get a hold of your finances so you can get out of debt and save more money!

In the last ten years, new technologies have revolutionized the debt collection industry, broadening the cope of operations from local and regional to national, and sometimes even to international. Technological innovation has facilitated the creation of very large, full-service debt collection operations, while simultaneously enabling smaller, niche-focused collection to become profitable.

If you’re struggling from debts that arose from gambling, chapter 7 very well may be your answer. There has been an increase over the last 25 years in the state of Illinois with gambling institutions.