Bankruptcy, Foreclosure & Loan Modification Posts in August, 2018

Can Chapter 11 Bankruptcy Help My Struggling Business?

Bankruptcy itself is not an enemy to your finances, and you should not see it that way—unless you never want to get out of debt. Contrary to the widespread opinion that filing for bankruptcy will hurt you, Chapter 11 is not the end of the world, nor does it make you forever ineligible to receive credit. Bankruptcy status is a way to find financial relief to overwhelming debt, so that you can build a brighter financial future. At some point in time, many people experience financial woes....
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Chicago Residents Sue the City After Being Forced into Bankruptcy

Traffic ticket prices have skyrocketed in Chicago since Mayor Rahm Emmanuel agreed to spike citations from $120 to $200. Statements from the mayor say that the surge in traffic citation prices will bring $16 million much-needed dollars to the city of Chicago. However, the citations managed to only generate a few million dollars and forced thousands of already disadvantaged residents into filing for bankruptcy to cope with the debt....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com