Pros and Cons of Debt Settlement Instead of Bankruptcy
Deciding between debt settlement and bankruptcy is a crucial financial decision with significant impacts on one’s financial health. Is debt settlement better than bankruptcy? The truth is that each individual person has their own unique situation, so no option is going to be best for everyone. It’s important to speak to a professional about your […]
How Does Chapter 13 Bankruptcy Affect Tax Debt?
Navigating the financial waters of debt and taxes can be overwhelming, especially when faced with the prospect of bankruptcy. Debt Pros is dedicated to helping clients understand and manage their financial obligations, particularly when it comes to the intersection of Chapter 13 bankruptcy and tax debt. In this blog post, we’ll outline how our firm […]
Will I Lose My Home If I File Bankruptcy?
As part of debt relief, anyone considering bankruptcy usually has this question: Will I lose my home? Generally, you can save your home if you file for Chapter 7 or Chapter 13 bankruptcy. However, how to handle your home during bankruptcy is a complex question, and every case is different. If you feel crushed by […]
What Happens if You Don’t Pay a Parking Ticket
Have you ever received a ticket for parking near the Magnificent Mile or Navy Pier and wondered about the consequences of not paying it? You may have to face the following consequences depending on your situation: These consequences can lead to a significant financial burden and damage to your credit score. Keep reading if you […]
Everything You Need to Know about Repossession Laws in Illinois
Repossession can be devastating and overwhelming, especially when repossession agents repossess your vehicle suddenly without notifying you, as sometimes happens in Illinois. Have you fallen behind on auto loan payments and are facing vehicle repossession? If so, continue reading this blog post. It discusses everything you need to know about repossession laws in Illinois, including your […]