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Tag Archives: illinois

Bankruptcy in Illinois…

From Springfield, Illinois…
These are the faces that helped boost the number of bankruptcy petitions filed in Springfield by nearly 20 percent in 2008.
http://www.sj-r.com/homepage/x743983647/Bankruptcy-filings-rise-for-third-year-in-row

File Chapter 7 Bankruptcy

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 [...]

Student Loans & Bankruptcy

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