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January 7, 2020 admin

Owe ITT loans?

Students at ITT will be off the hook for $168,000,000.00 in student loans. As a result of a settlement with over 40 states and the Consumer Financia

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December 21, 2019 admin

Another For Profit University is prosecuted and settles.

The University of Phoenix has agreed to a $191,000,000.00 settlement with the Fair Trade Commission. The settlement is a result of allegations that s

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October 23, 2018 admin

Citi Bank Fined $5,000,000.00

In some bankruptcy cases creditors are allowed to file a claim asking the court to allow them to receive a distribution from the bankruptcy. In order

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August 26, 2015 admin

U.S. Department of Education to forgive some Student Loans

78,000 students have loans for attending colleges owned by Carinthian Colleges. Carinthian is a for profit company that operated a number of trade s

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April 15, 2015 admin

Students loans – will they become dischargeable?

Possible relief for students may be on the horizon. Depending on the report you read it is estimated that there are up to approximately 1.2 Trilli

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February 24, 2015 admin

So what is the deal with past due utility bills?

With the cold winters and hot summers we have here in northern Illinois, topped with some fairly high utility rates, it is no wonder that our utility

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October 2, 2014 admin

$16,650,000,000.00 fine for Bank of America

It should come to no surprise that I am not a fan of large banks. I find their credit card policies and their mortgage dealings to be less than open,

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October 1, 2014 admin

What is a “Short Sale”?

What is a “short sale” and will it help me? This is a question I get asked a lot. Let me explain what a short sale is, and then we can discuss

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July 8, 2014 admin

Chapter 7 v. Chapter 13

What is the difference between Chapter 7 & Chapter 13 – General Overview. While the U. S. Bankruptcy Code has several chapters (types) of ba

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May 20, 2014 admin

Bankruptcy Court raises fees.

The clerks office for the Northern District of Illinois has announced that the fees the court charges to file a bankruptcy will increase. Effective

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