Illinois bankruptcy attorney

What will the Bankruptcy Process Cost Me?

If you are facing a level of personal debt that has you considering bankruptcy, the prospect of spending any more money might be an immobilizing thought. Thinking that way will only keep you in a perpetual cycle of debt that you cannot escape. Filing for bankruptcy will cost you money, but think of this money as an investment in your future financial freedom.
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Chicago Group Repays Veterans’ Student Loans

One local nonprofit is dedicated to paying off the student loans of combat veterans and easing the financial burden that these families face. Eli Williamson founded Leave No Veteran Behind because the average military veteran carries about  $56,000 in student debt. Since 2009, this foundation has paid the outstanding student loan debt of 10 veterans.
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Bankruptcy Misconceptions in Illinois

There is often a misconception that people who file for bankruptcy are forced to do so because they were financially irresponsible. Although there are people who do file for bankruptcy for this reason, the majority of people who find themselves in this position get there because of events that occur of which they have no control over. A loss of employment, a serious medical issue, and divorce are just a few of the reasons that can completely wreck someone’s finances and leave them overwhelmed with debt.
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Fitch Ratings Reports Personal Bankruptcies on the Decline for Fourth Consecutive Year

As per iStockAnalyst, an Oregon based online subsidiary of Wall Street Tools, LLC, Fitch Ratings recently reported that consumer bankruptcy is expected to continue to decline throughout the remainder of 2014. Fitch Ratings, a global rating agency, attributes the decline to lower unemployment rates coupled with a recovering economy. Personal bankruptcy rates are expected to decline by eight to 10 percent, marking the fourth consecutive year of lower instances of personal bankruptcy protection petitions.
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com