While Bloomberg Businessweek reported on August 31, 2012, that consumer confidence hit a three-month high in August, an update released less than a week later by the Institute of Government and Public Affairs at the University of Illinois said the state’s economy is “stuck in slow-growth mode.” The State Journal-Register reported on September 4, 2012, that a “flash index” of corporate, individual and sales tax receipts was unchanged at 102.9 in August. The figure has remained in that range for the past three months after what the Journal-Register said had been two years of steady growth.
“As is the case in months past, while the rate of growth is now positive, it is not strong enough to make much headway in reducing the unemployment rate,” the report stated.
As the local economy continues to underwhelm, it’s thousands of middle-class families in Chicago and surrounding areas that continue to feel the burden. Millions of homeowners dig deeper into credit card debt just to pay for gas and groceries. They are forced to sweat every month as they wonder whether or not they will have the money to get by.
While all of us want to see the news get better, the reality is that times are tough. If you are struggling to pay your mortgage or your family is facing the threat of foreclosure, you need to know that you have options. Filing Chapter 7 or Chapter 13 bankruptcy can help bring you the relief you need by ending the calls from debt collectors and giving you a fresh start. If you want to see what our Chicago bankruptcy lawyers can do for you, get started by completing the form located on this page or contacting our firm today at (866) 930-7482.
Benjamin Brand Services – Chicago bankruptcy lawyers