This story is about bankruptcy lawyers & the increase in work they are experiencing…
The state of the economy, the sharply rising number of bankruptcy filings and the passing of the mortgage cram-down bill in the U.S. House last week are causing many Chicago law firms to build up their bankruptcy departments.
Click here to read the full story…
http://news.medill.northwestern.edu/chicago/news.aspx?id=123267
Here are 3 recent articles from the Chicago Tribune covering the increases in personal bankruptcy filings nationally & in Wisconsin:
http://www.chicagotribune.com/business/yourmoney/chi-ym
http://www.chicagotribune.com/business/yourmoney/chi-ym
http://www.chicagotribune.com/news/chi-ap-wi-bankruptcy
One of the links serves as an answer to the what one of the readers should do regarding his pension & an offer of early retirement from his employer who might go bankrupt.
Another discusses the increase [...]
What is filing for Chapter 7 bankruptcy?
Chapter 7 is what most people think of when they are referring to filing for personal bankruptcy. It’s sometimes called ‘regular’ bankruptcy.
What is the purpose of Chapter 7 bankruptcy?
Some prominent authors claim one of the major purposes of Chapter 7 is to give a debtor a “fresh start” by [...]
Here are some comments from some readers of the Chicago Sun Times regarding
filing for bankruptcy, moral obligations, & student loans.
You can add your comment too if you’d like to chime in.
There are only a few comments right now…
http://blogs.suntimes.com/savage/2008/06/is_bankruptcy_your_way_out.html