This is a continuation of our Jan. 10, 2015, post.
It isn't often that a bankruptcy case goes to the U.S. Supreme Court. Nevertheless, the court will hear a handful of cases this term that will settle questions that the federal courts of appeals have not been able to agree on. These cases are not from Illinois, but the state's courts must follow the Supreme Court's decisions -- the legal landscape could change for debtors here, so we have to pay attention.
It is the end of August already, and we know a few families that are sending their children off to college for the first time. These parents are excited for their kids and have spent the summer encouraging them to take advantage of every opportunity they have to learn and to grow, to explore their new surroundings, whether close to home in Chicagoland or father afield. These parents are also wondering how they will pay the tuition. College costs a lot more today than it did 20 years ago.
Approximately one-third of Americans reported that they have problems paying their medical debt. With this in mind, it may surprise readers that the United States Bankruptcy Code does not address medical expense debt. Sadly, medical expense is one item we often have extremely little control over when it comes to keeping our expenses in check.