When Can I Rent an Apartment After Bankruptcy?

For those struggling with debt, filing for bankruptcy is a way to hit refresh on your financial life. Bankruptcy can allow debtors to discharge certain debts and restructure others with their creditors, in order to make them less of a monthly burden. In many ways, bankruptcy is about helping to make things easier for debtors, allowing them to release or restructure their debt obligations and empowering them to move forward as an active participant in the //READ MORE

2019-09-10T08:17:28-05:00 September 10th, 2019|Community|

The Illinois Homestead Exemption: Breaking Down Five FAQs

In Illinois, homeowners can take advantage of a unique protection known as the homestead exemption when they pursue bankruptcy or seek protection from creditors.  Designed to help protect homeowners from losing their residence as a result of changing economic circumstances, the homestead exemption allows owners to safeguard their equity in a residential property, up to a certain amount. It’s one of the most commonly used exemptions during bankruptcy, and it’s an important concept for homeowners to //READ MORE

2019-09-09T15:36:39-05:00 September 5th, 2019|Community|

10 Stunning Stats About Student Loan Debt

Student loan debt is one of the most talked-about issues of our time – and for good reason.  As total consumer debt continues to rise in the U.S., student loans ring in as one of the biggest sources of debt for households, alongside credit card debt, mortgages, and auto loans. In recent years, millions of Americans have cited student loan payments as one of the biggest factors holding them back from starting a family, buying a //READ MORE

2019-08-02T12:14:03-05:00 August 13th, 2019|Community|

A Quick Guide to Bankruptcy Exemptions in Illinois

For many individuals struggling with debt, one of the biggest concerns about bankruptcy is all about losing the assets that they’ve worked so hard to acquire. There are a lot of myths and misconceptions out there about bankruptcy – and one of the oldest, biggest, and most damaging is that filing for bankruptcy will always mean having to give up all of your personal belongings and assets.  In reality? Many people who file for bankruptcy are //READ MORE

2019-07-29T16:26:23-05:00 August 8th, 2019|Community|

In the News: Court Says City Can’t Hold Impounded Vehicles After Drivers File for Chapter 13

Here in Chicago, many people rely on their vehicles to get to work, pick up their kids from school, attend critical appointments, and so much more. Particularly for individuals who are in debt, having reliable access to transportation can often mean the difference between keeping a job, making payments to creditors, and getting the help they need – or having to face all the pressure of mounting debt without any sort of reliable safety net. In //READ MORE

2019-07-29T16:17:30-05:00 August 6th, 2019|Community|