One of Chicago’s post popular websites for food enthusiasts in Chicago is now on sale for at least $40,000 after one of its founders filed for Chapter 7 bankruptcy protection in Chicago.

The Chicago Tribute reports about recent developments in the beloved website LTHForum.com, a message board with hundreds of thousands of posts from reviewers, tourists and residents of Chicagoland who bring their opinions about the cities many dining options.

As is common with Chapter 7 bankruptcy filings, those in debt are able to sell off assets to pay creditors and become free from debt. Chicago Bankruptcy Attorneys are well-versed in these matters and are available to discuss the options 24 hours a day.

In the case of LTH Forum, it’s bizarre that a website with no advertising and membership fees and free from fancy graphics has commanded an opening bid of $40,000. But, when it comes to online properties, traffic and popularity are king.

Full Post…

While many people believe that life after bankruptcy is all no credit and no fun, it’s not and walletpop.com offers five tips to rebuilding your credit after bankruptcy.

Chicago Bankruptcy Lawyers have seen how mounting debt, either from credit cards, unexpected life-altering medical bills or the loss of a job, has prevented families from continuing to make payments on their houses or pay other bills. That’s why working to stop foreclosure in Chicago through bankruptcy is a critical step to saving a homeowner’s property.

Chapter 13 bankruptcy in Chicago can be advantageous to people who have houses or other large assets they want to try to protect. It allows them to develop a payment plan to save those assets. Chicago Chapter 7 bankruptcy, however, eliminates all debt and permits a consumer to make a fresh start. .

The laws are designed to protect those who need help and are willing to abide by the law in restructuring their finances.

Full Post…

Baseball hotshot, Lenny Dykstra, was arrested in California for reportedly selling $400,000 worth of belongings and trashing his million-dollar mansion after he declared bankruptcy in 2009, the Los Angeles Times reports. He reportedly sold many of the items for cash.

The house the baseball star purchased from hockey great Wayne Gretzky may come with some repair jobs, as the baseball star reportedly took truckloads of fixtures and other items from the house and ripped out a $50,000 stove from the property without consent of the bankruptcy trustee, according to Fox Business.

Our Chicago bankruptcy lawyers urge you to contact a lawyer immediately if you or someone you know is currently going through bankruptcy. While bankruptcies can be filed without a lawyer, as a federal court case it is much more complicated than many realize. A qualified attorney can help make sure you stay on the right side of the law. A lawyer will help you through all of the proper steps in helping you to organize your financial situation.

Full Post…

People who live in United Kingdom can get credit score from three different credit bureaus, like Experian, Trans Union, and Equifax. These three digits number play important role in life of UK citizens especially when they leave home in searching loans, mortgage, credit cards etc. It is not an easy task to obtain financial product and service in market especially when you have got adverse credit score due to past financial mistake. These three digits number determine your credit worthiness in front of creditors or lenders.

Lending agencies approve loan, mortgage and credit card application of consumers on the basis of credit score. To get credit score, individual can contact any credit agency or online financial service as well. Many online companies have come in market and they are offering free credit score to people within few minutes. To get the correct information about the credit rating, an individual has to submit few necessary and important details online. Once you submit form, you can get the credit score with accuracy of 90-95%.

The New York Times reports that as the Great Recession ravaged the country’s housing market, the percentage of homeowners dropped sharply from 69.2 percent in 2004 to 66.4 percent now. Experts say the levels are akin to where they were in 1998 and could decline to levels seen in the 1980s or earlier.

What this tells Chicago Bankruptcy Attorneys is that while millions of people have used bankruptcy laws to their advantage, there are millions still who have not — despite faced with losing their homes. Home prices dropped again recently — 4.2 percent in the first quarter, according to the S&P/Case-Shiller National Index — illustrating that the housing market woes may continue for some time.

Housing is locked into a downward spiral, analysts say, because people are unemployed, in foreclosure or trapped in homes that are worth less than the mortgage. But another factor is that the disappointment in the housing market collapse has caused many people not to want to own.

Full Post…

There are three leading credit bureaus in United Kingdom, Experian, Trans Union and Equifax. Every credit bureau has different parameter to calculate annual credit report. Therefore, you always find some difference in your credit score whenever you apply for report from different credit bureau. However, this difference is not huge and does not create any big problem in your life. Are you planning to obtain credit report? There are many ways to obtain one. If you need report up to 3 times in a year, then you can get it absolutely free.

Yes, it is absolutely true. In UK, credit bureaus provide report absolutely free once in a year. Since there are three credit bureaus, you can get report free easily from every one after 4 months. In case, you need it more than thrice, then it is chargeable. These institutions or bureaus take at least 48-72 hours to provide you report. If you are looking for urgent report, then you can take the help of online service providers as well.

Full Post…