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Each year, millions of people file bankruptcy as a means of erasing their consumer debts. While this approach may relieve stress, a bankruptcy is damaging, and will hang over your head for the next ten years. Still, it is possible to overcome bankruptcy. The key is making smarter financial and credit decisions. With this said, some people choose to purchase a home after a bankruptcy. Here are a few pointers to consider when buying a home. Reasons to Delay the Buying Process after Bankruptcy If you consult with mortgage or financial experts, they will likely discourage you from buying a home following a bankruptcy. After your bankruptcy is discharged, there is
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Lastest "illinois bankruptcy" News:

Former Illinois lawmaker in bankruptcy
Stephens filed last spring for Chapter 13 bankruptcy.
Wed, 25 Jan 2012 20:45:03 -0800

Illinois bankruptcy court gives alleged monk more time
INDEPENDENCE, Iowa --- A U.S. Bankruptcy Court in Illinois will allow Ryan St. Anne Scott additional time to supply required financial documents.
Thu, 12 Jan 2012 11:24:26 -0800

Former Rep. Ron Stephens filed for bankruptcy before resignation
The veteran Illinois legislator resigned on Aug. 1
Wed, 25 Jan 2012 11:22:09 -0800

Bankruptcy trustee asks Scott's corporations be declared 'sham'
CEDAR RAPIDS, Iowa --- Ryan St. Anne Scott set up corporations for personal benefit, according to a complaint filed Friday in U.S. Bankruptcy Court.
Sun, 05 Feb 2012 04:35:21 -0800



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In 2004, 1,562,174 Americans sought protection from creditors through bankruptcy court - a per capita rate over ten times higher than during the worst years of the Great Depression! According to the Consumer Federation of America, in 2003 alone over 9 million consumers made initial calls with a credit counseling agency and in 2004 close to 2 million consumers were actually enrolled in varying types of assistance plans. These numbers clearly indicate that personal debt in the United States is higher than it has ever been and financial stress is very much a reality for millions of Americans, across all
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