What are the eligibility requirements of Chapter 7 bankruptcy?
An Illinois individual, partnership, corporation or other business entity can file for Chapter 7 bankruptcy, though the only people who […]
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What is predatory lending and what legal protections do I have?
Some Illinois consumers are growing increasingly wary of the terms and conditions associated with taking on debt, and with good
Understanding discharge dates in different bankruptcies
An Illinois resident may be eager to see their debt gone when filing for bankruptcy, but the discharge rules can
DOJ Settling With Citi and (Maybe) BoA Over Mortgage Securities
The Department of Justice took a lot of flak for failing to prosecute the banks whose mortgage lending practices contributed
FICO Scoring System Changing To Reduce Impact Of Medical Debt
According to the Chicago Tribune, the formula used to determine FICO scores is being changed to minimize the negative impact
Paying credit card debt owed by a deceased loved one
Residents of Illinois might wonder who pays a deceased consumer’s credit card debt. When the consumer is a parent, grandparent
Small bad debt is still bad debt on a credit report
As many Illinois residents may know, forgotten debt may pop up on a credit report at the worst possible time.
Retirement accounts and credit card default
Some debtors in Illinois may wonder if defaulting on a credit card can affect retirement funds. According to a recent
Debt collection companies must prove debt is legitimate
Some Illinois residents who have lost a parent may face harassment by debt collectors who insist they are responsible for
What rights do Illinois debtors have?
A woman is refusing to pay a $20 charge that she incurred on her Kohl’s credit card in November of