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Articles by Kevin Benjamin |
1. Chicago Bankruptcy Lawyer Examines Fiscal Cliff
December 14, 2012
President Barack Obama and Congress continue negotiations to avoid the looming fiscal cliff in the first quarter of 2013, when the Bush tax cuts expire and government spending cuts are implemented. President Obama has refused to accept any deal that extends or replaces the Bush tax cuts for the weal...
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2. Chicago Bankruptcy Lawyer Approves of Senator Warren
December 07, 2012
Elizabeth Warren, a Harvard University bankruptcy professor, defeated incumbent Republican Senator Scott Brown in Massachusetts to earn a seat in the Senate. Warren is a bankruptcy expert and consumer advocate who made a name for herself ...
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3. Chicago Bankruptcy Attorney Reports Filings Down
November 30, 2012
Experts have reported a decrease in the number of personal bankruptcies filed in 2012 compared to 2011, according to the United Sates courts. As of September 30, the number of Chapter 7 bankruptcy filings was 874,...
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4. Governor Spokeswoman Appointed as ISFA Chief Despite Personal Bankruptcy
November 09, 2012
On November 2, 2012, the Chicago Tribune reported that Kelly Kraft was named executive director of the Illinois Sports Facilities Authority (ISFA), the public agency that owns and operates US Cellular Field. The agency voted 4-3 in favor of Kraft after more than a month of debate between Illinois...
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5. Beware the Deceiving Charm of Layway This Holiday Season
November 02, 2012
In a column published on October 12, 2012, Chicago Tribune consumer news reporter Gregory Karp noted that layaway “seems harmless enough.” However, Karp called layaway “illogical” and wrote, “Almost nobody should use it for holiday gift purchases this year.”
Karp called the oft-rep...
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6. ‘Rich Dad, Poor Dad' ... Bankrupt Author
October 25, 2012
Robert Kiyosaki gained notoriety when he appeared on Oprah Winfrey’s talk show in 2000 to promote his successful financial self-help book, “Rich Dad, Poor Dad.” On October 12, 2012, Business Insider reported that Kiyosaki filed for
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7. Multiple Options for Homeowners Facing Multiple Problems
October 19, 2012
Families in the Chicagoland area and throughout Illinois continue to face challenges during a slow economic recovery. On September 20, 2012, the Chicago Sun-Times reported that the Census Bureau estimated that the median household income of Chicagoans was $43,628 in 2011, almost $7,000 less than ...
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8. American Express to Refund $85 Million, Pay $27.5 Million in Fines
October 12, 2012
American Express will pay $112.5 million in refunds and fines after a multiagency investigation revealed the company “charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services.” The Associated Press reported on October 1, 2012, that ...
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9. Staying Healthy Leaves Million's Finances Unwell
October 05, 2012
While foreclosures have had a significant on home ownership for many Chicagoland families in recent months, the Washington Post reported on September 19, 2012, that Illinois’ US Representative Jesse Jackson Jr. had a different reason for selling his Washington DC home:
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10. As Illinois Homeowners Hit Hard by Foreclosures, Bankruptcy Offers Needed Debt Relief
September 28, 2012
Illinois had the highest foreclosure rate in the country in August. Foreclosure filings going through court increased 148.6 percent from a year ago. Homeowners facing foreclosure should know that filing Chapter 7 or C...
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