The holiday season is all about family and giving. Unfortunately, many Illinois residents may go into serious credit card debt during this time of year. This can be avoided by being careful about spending. Those who have dug themselves into a hole too big to get out of on their own can turn to legal counsel for debt relief assistance.
How to recognize debt settlement scams
As someone currently facing increasingly overwhelming credit card debt, you may be weighing your options and trying to figure out the best way to get your finances back in order. Credit card debt can prove increasingly problematic because of the monthly interest charges associated with it, which make it compound, and you may be feeling more and more desperate as creditors come looking for what you owe them.
Thinking about Chapter 7 bankruptcy? Take the means test
Does the thought of having debt cleared give one hope for the future? It certainly sounds good when one is struggling to make payments to creditors. A Chapter 7 bankruptcy can accomplish this, but one must qualify for this type of bankruptcy filing. How can Illinois residents find out if they qualify?
Executor of an estate? Get help getting through probate
Illinois residents who have never played the role of executor of a loved one's estate may be confused as to what they need to do. Being an executor is not a small thing. One in this position has a big job and is responsible for getting the estate through the probate process and distributed to beneficiaries. Luckily, those picked as executors do not have to work through the probate process alone. They can seek help.
Chapter 13: Fight overbiffing, seek an affordable repayment plan
Many Illinois residents have bills that they struggle to pay. A good number of these individuals are frequently being called and harassed by debt collectors. Some of these debt collectors may be trying to collect more than people actually owe. With the help of a bankruptcy law attorney and through a Chapter 13 filing, Illinois residents can fight back against creditor harassment and seek an affordable debt repayment plan.
Understanding Chapter 13 bankruptcy
Illinois residents dealing with unmanageable debt may look at various options for healing their finances. Filing a Chapter 13 bankruptcy is one avenue of debt relief some may benefit from.
Those with unsteady income often have more credit card debt
Numerous Illinois residents are self-employed or jump from job to job. Their incomes may be far from steady, which means they may need a little help to make ends meet. Enter credit cards. Those with unsteady income often have more credit card debt than individuals who have steady income.
