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News
Credit Card Rates Hit Highest Levels in 9 Years
Posted: Monday August 23 2010
Good News: Chicago-Area Collection Law Firm Goes Belly-Up
Posted: Tuesday July 6 2010 Friedman & Wexler was a Chicago law firm that used aggressive tactics to go after many people who could not legitimately pay their bills. Now, it seems, Friedman & Wexler has closed its doors because of lawsuits alleging that Friedman & Wexler would not pay its own bills.
Daily Herald: Job Market Not Growing Fast Enough For Big Rebound
Posted: Monday July 5 2010
Kane County Saturated with Foreclosed Properties; Makes Selling Difficult
Posted: Monday July 5 2010
Good News: One of the Nation's Biggest Debt-Collection Law Firms Goes Belly Up
Posted: Friday February 12 2010
Illinois Attorney General Sues Debt Settlement Companies
Posted: Thursday February 11 2010
Foreclosures Decline Nationally; Increase in Illinois
Posted: Thursday February 11 2010 Click here to view article; there is also a link to the radio broadcast of this story
Kane County: Foreclosures Up 26% in 2009
Posted: Thursday February 11 2010
Federal Foreclosure Prevention Program Not Working
Posted: Monday January 25 2010 One of the most common complaints right now is that mortgage companies are telling people that they will help them with a loan modification. Only the loan modification never is finalized because the mortgage companies continue with the foreclosure process while homeowners are passed from one department to another. The below story explains why the Home Affordable Modiciation Program (HAMP) is flawed.
Credit Card Defaults Hit Near-Record Level with No Relief in Sight
Posted: Monday January 25 2010
Hard Times Lead To Dramatic Rise in Bankruptcy Filings
Posted: Saturday January 23 2010 Click here to view article; there is also a link to the radio broadcast of this story
New York Times: Bankruptcy Often The Best Option
Posted: Saturday January 23 2010
Chicago Tribune: First Person Account of the Affects of a Failing Economy
Posted: Tuesday October 27 2009 The below article appeared in the Sunday edition of the October 25, 2009 Chicago Tribune. It is the story of one couple's stuggle to survive in a depressed ecomony. It is the type of story told by many people who are forced to file bankruptcy by forces outside their control.
Foreclosures Hit Outlying Counties the Hardest
Posted: Thursday October 15 2009
September Bankruptcy Filings Contine to Rise
Posted: Thursday October 8 2009
Wall Street Journal: 10 Things the Bankruptcy Court Won't Tell You
Posted: Friday October 2 2009
MSNBC: Mortgage Delinquncies at a Record High
Posted: Monday September 28 2009
Five Myths About Bankrutpcy
Posted: Monday September 28 2009 This is a news story from a local reporter in New York dispelling five common myths about bankruptcy. Pay careful attention to Myth #5: DO NOT cash out your 401(k) to pay your bills.
U.S. Credit Card Defaults Rise to Record Levels
Posted: Thursday September 24 2009
Daily Herald: Study Shows Strategic Mortgage Default May Be Best Option
Posted: Saturday September 19 2009
Daily Herald: Banks Cut Credit Limits on Credit Cards Without Notice
Posted: Monday August 31 2009
Attorneys General Form Task Force to Combat Mortgage Fraud
Posted: Wednesday August 26 2009
USA Today: Bankruptcy on the Rise Due to Job Losses
Posted: Sunday June 7 2009
Seminar Explaining Bankruptcy Basics
Posted: Monday July 21 2008 Below is a link to a seminar given by an attorney in South Carolina. The video is 90 minutes in length, but if you have the time it will answer most questions that you may have. Some of the procedural information provided varies slightly from Illinois law. But the basic information is quite good.
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