November

Blog Posts in November, 2014

  • Personal bankruptcy and credit card debt

    Many people throughout Illinois are struggling with credit card debt. It is all too easy to swipe a credit card for a few purchases and eventually accumulate a balance that is too big to repay. When credit card balances are not paid off right away, ...
  • Alternatives to foreclosure in Illinois

    The mortgage payment is often an Illinois resident's largest monthly expense, and an unexpected illness or layoff may make meeting this obligation a challenge. While lenders may initiate foreclosure proceedings when a mortgage becomes seriously ...
  • Two years ago, I wrote a blog post about debt collectors using prosecutors' letterhead to collect a debt. This is generally done because the prosecutor takes a cut of any funds recovered. On November 12, the American Bar Association's ...
  • Understanding corporate bankruptcy

    Investors in Illinois may benefit from learning more about the principles of corporate bankruptcy as described by the Security and Exchange Commission. A company may go out of business entirely if it files for Chapter 7 bankruptcy, and investors may ...
  • Peer To Peer Lending -- Great Idea or Major Pitfall?

    We're back from a long hiatus. We've seen the usual in the past few months: sources conflicting on whether foreclosures are up or down; the return of zombie proerties just in time for Halloween; and more reports that show our federal ...
  • Fighting vehicle repossession in Illinois

    Many Illinois residents have run into difficulty making their monthly car or truck payments in an economy that has yet to fully recover from the recession, and losing a vehicle to repossession often makes getting to and from work a challenge for ...