by Schlueter Ecklund & Davitt | Sep 26, 2019 | Personal Bankruptcy
In September 2010, there were about 1.6 million bankruptcy petitions filed throughout the country. Eight years later, that number had gone down to over 770,000 cases. However, the number of bankruptcy cases was down in Illinois and across the U.S. for a variety of...
by Schlueter Ecklund & Davitt | Sep 4, 2019 | Personal Bankruptcy
Younger generations, especially millennials, have a poor reputation regarding money management. Older people may be quick to point out that this demographic has a lot of student loan debt and relies too heavily on credit cards for purchases. You may even have some of...
by Schlueter Ecklund & Davitt | Jul 11, 2019 | Personal Bankruptcy
Like most people, you likely did not wake up one day and find that your financial situation was out of control. Certainly, a sudden event may have started the decline, but your money woes may have worsened considerably over time before you reached a point that you...
by Schlueter Ecklund & Davitt | May 22, 2019 | Personal Bankruptcy
Of those who file for bankruptcy in Illinois and throughout the country, roughly 66.5% do so because of medical bills. Individuals file either because of the medical debt itself or because of a lack of income caused by time spent out of work. This is according to a...
by Schlueter Ecklund & Davitt | Mar 27, 2019 | Personal Bankruptcy
While there are several guidelines that must be met to file for Chapter 13 bankruptcy, there is no income limit to do so. However, an Illinois consumer seeking such protection will need to take a credit counseling course as part of the process. It will also be...
by Schlueter Ecklund & Davitt | Jan 22, 2019 | Personal Bankruptcy
Although we are only a few weeks into the new year, you may already be seeing the futility in keeping your resolution to get out of debt. Like many in Illinois and across the country, the pressure of overwhelming debt may be too much to bear. You may be experiencing...
