Tag Archives: Illinois Debt Relief
Which Type Of Bankruptcy Is Right For You?
Most families in Illinois and Indiana walk a very thin financial line. About half these households do not have the cash to cover a $400 emergency expense. If even a moderate disaster strikes, like a short-term period of unemployment or a brief but serious illness, the fallout could be devastating. As a result, it… Read More »
Should Financially Distressed Illinois Cities File Bankruptcy?
The nonprofit Manhattan Institute says that an “intervention bankruptcy” is a good option for cities experiencing pressing financial problems, as long as politicians are kept out of the loop. Such a course of action is highly preferable to continuing operations on the brink of insolvency, because eventually they get to a point “where they… Read More »
Changes Coming To Student Loan Payments?
President-elect Donald Trump wants to tweak existing federal programs and help borrowers repay their school loans at a comfortable pace. Under a plan he proposed in October 2016, monthly payments would be capped at 12.5 percent of the borrowers’ income for 180 months (15 years), and once the repayment period expires, any remaining student… Read More »
