Cook County bankruptcy attorney

Decrease in Bankruptcy Filing Rates

The bankruptcy filing rate is at its lowest point in seven years for most everywhere in the country, except for the Land of Lincoln and a few other states. November 2014 filings were down 16 percent, when compared to November 2013. Much of the decrease was due to a much lower commercial bankruptcy filing volume. These new filings were down 27 percent. One observer pointed to a combination of high filing costs, low consumer spending and low interest rates as being primarily responsible for the decline.
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Choosing a Qualified Illinois Bankruptcy Attorney

Admitting your debt has spun out of control and realizing you are financially incapable of managing your liabilities can often lead to moments of sheer frustration and uncertainty. It takes a personal leap of faith to place your trust in an experienced bankruptcy attorney, but it may be a necessary step in stabilizing your financial situation.
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Utility Shutoff Protection in Bankruptcy

Many people who are struggling financially to pay their mortgage, vehicle payments, medical bills and/or credit card debt also end up getting very behind in their utility payments. Disconnect notices from the electric, water, gas and telephone companies fill the mailbox and even payment arrangements become impossible to keep.
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Avoiding Bankruptcy: Financial Tips for Generation Y

As a society we have become accustomed to labeling different generations with short and catchy nicknames. Currently we have Generation X for those born from 1965 through 1979; Generation Y for those born from 1980 through 2000; and lastly we have Generation Z for those born from 2001 through the present.
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Foreclosure Under Illinois Civil Law: What to Expect After Losing the Good Fight

You fought the good fight, but it was not enough. Due to financial hardship your family home has gone into foreclosure status and you are now facing eviction in your home state of Illinois. Not only are you reeling from the emotional pain associated with losing your home but you are also regretting not contacting an experienced foreclosure attorney at the onset of your financial difficulties. Now you are left wondering what happens next.
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Bankruptcy and Retirement Savings: Answers for a Secure Financial Future

Bankruptcy, as defined by LendingTree, LLC, the nation’s leading online lender exchange, is a complicated situation that can open the door to a personal or business “do-over” without the burden of insurmountable debt but not without possible financial consequences. It may be easy to briefly define bankruptcy but for those facing the reality, the situation can raise numerous questions, especially when it involves your Roth IRA.
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com