• Illinois Among Country’s Biggest Losses In Tech Jobs

    Illinois suffered the fifth-biggest decline in the nation for high-tech employment last year, Crain’s Chicago Business reported on October 5, 2011. While tech companies nationwide cut about 2 percent of their jobs, Illinois lost 6,400 tech jobs, or 3 percent, in 2010. The report from tech industry group TechAmerica Foundation said Illinois slipped to eight in terms of tech jobs after having ranked seventh from 2007 to 2009.

    Crain’s noted that “technology jobs are highly prized because they pay significantly more than others,” with average annual salaries for tech jobs last year in Illinois increasing by 1 percent, to $79,807. The average paycheck in Illinois is $47,888. Illinois, however, did see its fifth consecutive increase in the number of tech companies, as the number rose 4 percent to 19,291 last year to put the state at fifth nationally.

    Did you lose a tech job or a position in a different field that commanded a higher-end salary compared to the statewide average? Our Chicago bankruptcy lawyers understand the difficulties homeowners are having paying their monthly bills in this economic climate, but you should know that you can get deserved relief today by filing for Chapter 7 or Chapter 13 bankruptcy. Our firm can help get you an affordable bankruptcy now by helping you file a bankruptcy means test . If you want to eliminate bills and stop foreclosure, contact our office today for a free consultation. And if you are among those who suffered a recent job loss, our Chicago bankruptcy attorneys want to hear from you. Have you had to accept a position with significantly lower pay? Tell us about your experience.

  • Mortgage Modification Leaves Shell Of A Home

    Wanda Carter said that it seemed as if Washington Mutual Bank “was paying her $20,000” to take a $142,000 loan that covered the sale price and loan fees of a South Side home she bought in November 2004. But it was only after the deal closed that Carter learned the house required structural work that contractors estimated the costs of bringing the property up to code to be $50,000, according to a Chicago News Cooperative story published on October 1, 2011. About a year after moving, Carter married and in late 2005, her husband was diagnosed with late-stage cancer and the couple soon fell behind on the mortgage.

    Carter told the Cooperative that she attempted to get a mortgage modification and asked Washington Mutual to lower her payments so she could catch up on payments and stay in the home. The bank instead ended up raising her payments and Carter later learned that Washington Mutual had sold her mortgage to a lender that employed Greentree Mortgage to service the loan. According to the Cooperative, Carter’s property was appraised at only $95,000 in late 2007 and two investors offered her $80,000, but today she is still responsible for $141,836 in loans, court costs and legal fees. “I’m sure the house is worth even less now,” Carter told the Cooperative. “It was a shell to begin with, and now it’s even more of a shell.”

    Sales like the one Ms. Carter experienced are an unfortunate common practice among today’s predatory lenders, but our Chicago bankruptcy lawyers can help you get a fresh start on your finances by filing for Chapter 7 or Chapter 13 bankruptcy. If you have been struggling through hard times and want to get deserved relief today, you should know that completing a bankruptcy means test today could help end debt collector harassment and get you an affordable bankruptcy now. Have you had an experience similar to Ms. Carter’s? Have you tried numerous times to get some sort of foreclosure help only to come up empty? Our Chicago bankruptcy attorneys want to hear from you. Tell us about your experience.

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