Midwest farmers are filing for Chapter 12 bankruptcy protection at the highest levels seen in 10 years. The Seventh Circuit Court of Appeals, which includes Illinois, had double the bankruptcies in 2018 compared to 2008, many of which had some tie to U.S. farm products - big business in Midwestern states. With prices down, competition up, and trade disputes sparking retaliatory tariffs in the overseas marketplace, the financial difficulties farmers face every day have gotten worse. U.S. farm … [Read more...]
Archives for February 2019
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Bankruptcy Protection Against Car Repossession
Despite a booming economy and low unemployment rate, many Americans struggle to pay their bills on time. In fact, a record 7 million are 90 days or more behind on car payments, suggesting that not all Americans are bouncing back in the strong labor market. Out of all the bills people pay, most tend to prioritize their car payment because it is critical to have a vehicle to get back and forth to work. However, when people do get behind on a car payment anywhere from one day to a few months, … [Read more...]
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Based on 66 reviews
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