Exploring 3 Common Myths About Real Estate Law

Every day, people flock to Chicago, looking to buy a home, start their business, or build something that will leave a mark on the area forever. Others pack up and leave the city, and sell their homes, their buildings, their land. Still more look for answers that will allow them to keep their family home, avoid debt, or settle disputes, so that they can continue to live in the area that they’ve called home for years //READ MORE

2019-04-22T16:32:52+00:00 April 30th, 2019|Community|

Consumer Debts Vs. Non-Consumer Debts in Bankruptcy

According to recent reports, total consumer debt in the US has been rising in recent years, with total outstanding consumer debt totaling more than $4 trillion as of December 2018. This data comes to us via the Board of Governors of the Federal Reserve System. Now, why is this important? Well, in many ways, consumer debt is one of the engines that drives the American economy. As a result, market watchers and economists keep a close //READ MORE

2019-03-29T16:09:54+00:00 April 9th, 2019|Community|

The State of Consumer Debt in America, 2019

How does the old proverb go? Those who don’t study the past are doomed to repeat it? We’re about ten years out from the beginning of the global economic downturn now known as the Great Recession. This major recession impacted just about every facet of the American economy, and its effects are still being felt today in the housing, retail, and credit industries. In many ways, the economy has bounced back. But there are still warning //READ MORE

2019-03-18T15:49:28+00:00 March 26th, 2019|Community|

What Does It Take to Move on After Bankruptcy?

For many households, small business owners, and retirees who are facing serious consequences due to debt, bankruptcy can be a practical way to hit pause, and get a fresh start on your financial life. Bankruptcy can be a way for you to discharge certain debts and restructure others, making them less of a monthly burden and giving you a chance to regain your financial footing. And while bankruptcy can bring financial relief, there’s no denying that //READ MORE

2019-03-08T13:30:17+00:00 March 21st, 2019|Community|

What Is an Automatic Stay During Bankruptcy?

Have you ever been flying down the road, only to slow to a halt at the sight of a bright red stop sign? In a lot of ways, you can think of an “automatic stay” in bankruptcy as a helpful “stop sign,” telling creditors to hit the brakes at the start of the bankruptcy process. For many people, this “stay” is considered to be one of the major advantages of filing for bankruptcy. As governed by //READ MORE

2019-03-04T15:43:23+00:00 March 14th, 2019|Community|