A while back, I wrote about Debt Settlement, and whether it was a good way to avoid bankruptcy. Most people don’t want to file bankruptcy, and try many different things to avoid bankruptcy. Debt Settlement, in certain circumstances, can help. There are pitfalls. I mentioned
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Do You Qualify for Bankruptcy in Illinois? Check out the New Figures as of November 1, 2014.
What do these figures mean? These are the guidelines for people to help determine whether they are eligible to file Chapter 7 or Chapter 13 Bankruptcy. In Illinois, here are the figures for each household size: For 1 person: $47,469; 2 people : $61,443, 3
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Your HAMP Mortgage Payments May Bounce Up Soon in Illinois and Across the US
Back in 2009, the US Government announced the HAMP Program, Home Affordable Modification Program. The first group of homeowners started getting modifications, and many of those loan modifications had an “interest only” time period, usually 5 years. Now, the 5 years is coming up, and
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Supreme Court Ruling Puts Inherited IRAs at Risk in Bankruptcy
The general rule in bankruptcy is that people can protect their IRAs and retirement accounts. In June of 2014, the US Supreme Court ruled, in the Clark v. Rameker case, that some retirement accounts are not protected. The Court ruled that inherited IRAs are not
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How to Repair Your Credit after Identity Theft
Identity theft is a problem that has been around as long as people have been getting credit. A criminal steals your wallet, and starts applying for credit in your name, getting credit cards, and uses their address on the applications. Now, criminals have even more
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When Will You Need a Lawyer?
This is a continuation of my series of articles on what lawyers can do for you. My last article, “What do Lawyers do for You?” explained what good lawyers can do to help their clients, generally. You might not think about it, but, at just
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What Do Lawyers Do for You?
Most people hope that they never have to use a lawyer, ever. If you watch late-night TV, or listen to stand-up comedians, and that’s all you knew, you wouldn’t want to either. And I’m just talking about the jokes! Late-night TV is also filled with
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How to Stop Wage Garnishments Immediately
You’ve been trying to pay your bills, but ran short each month. And, sometg had to give, so you stopped paying the credit cards. Then, they sued you, and got a court judgment. Now, your boss just got a Wage Deduction Order, or a “brick”
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What is Debt Settlement? Is it a Good Way to Avoid Bankruptcy?
People with multiple credit card debts have many options to try to deal with their debts. People naturally want to avoid bankruptcy. So many times, when clients come in to see me, they have already tried debt settlement. This article does a good job of
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The Many Emotions of Money Problems- You’re not Alone!
For most people, dealing with financial issues is loaded with many emotions. When things get out of control, the emotions can get out of control also. When things are going well, everything seems just fine. But, when money gets tight, people naturally get more stressed-out.
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