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Living Paycheck to Paycheck in America: When Bankruptcy Becomes a Necessary Financial Reset

January 16th, 2026 by

Living Paycheck to Paycheck Is No Longer a Temporary Phase

For decades, living paycheck to paycheck was viewed as a short-term challenge. It was something people experienced during early career years, after a job loss, or during a temporary financial disruption. Today, that assumption no longer holds true. For a growing number of Americans, living paycheck to paycheck has become a long-term financial reality that persists even with steady employment and responsible spending.

Many households now find that their income is Read full article  read more

7 Financial Checkpoints to Review at the End of the Year

December 3rd, 2025 by

How to Understand Where Your Money Went and How to Improve Next Year
By Chicago Bankruptcy Attorney Joseph Wrobel

The end of the year gives people a natural opportunity to reflect on their financial lives. Most people work hard every day and try to make progress toward a healthier future. Yet it is easy to move through the months without stopping to assess whether spending habits, debts, and financial decisions are helping or hurting long-term goals. When people Read full article  read more

Nearly One in Five New Vehicle Buyers Now Have $1,000 Monthly Payments

November 7th, 2025 by

The Growing Trend in High Monthly Payments

Recent national data show that nearly one in five new vehicle buyers are now signing loans with monthly payments of $1,000 or more. According to Edmunds, this marks a record high and highlights how rising car prices, increased interest rates, and longer loan terms are changing the way consumers finance vehicles. For many households, the decision to buy a new car now comes with far greater long-term financial commitment than in previous years.

The average amount financed Read full article  read more

Rising Auto Bankruptcies Signal Credit Stress for Lower-Income Households

October 17th, 2025 by

Rising Bankruptcies Show Warning Signs in the Economy

Reports of major auto industry bankruptcies are capturing attention because they signal more than isolated business problems. They reveal growing stress across an economy where lower-income consumers are carrying heavy debt burdens. According to Reuters, a wave of filings from auto-related Read full article  read more

Why Bankruptcy Filings Are Rising in Chicago and the Suburbs in 2025

July 21st, 2025 by

Introduction: Financial Distress in Chicago and Beyond

In 2025, individuals and families across the Chicago metro area are filing for bankruptcy in growing numbers. Chapter 7 and Chapter 13 filings are up, reflecting a combination of city-specific and regional financial stressors. Unlike national economic trends, the Chicagoland area is facing unique challenges, including municipal budget shortfalls, steep property taxes, and rising foreclosure rates.

Chicago’s Economic Struggles Are Driving Chapter 7 and Chapter 13 Filings

The  Read full article  read more

Inflation and Bankruptcy: Why More People in Chicago Are Filing in 2025

June 27th, 2025 by

Understanding the Link Between Inflation and Personal Bankruptcy

In 2025, Americans are continuing to deal with the lingering financial consequences of inflation. For many people in Chicago and throughout Illinois, the rising cost of living is not just an inconvenience; it is a financial crisis. As essential expenses increase and interest rates remain high, more individuals and families are turning to bankruptcy as a viable solution to manage unmanageable debt.

Bankruptcy is not about failure. It is about regaining control and Read full article  read more

Why More People Are Filing Bankruptcy in 2025 for a Fresh Financial Start

May 14th, 2025 by

In 2025, more individuals and families are taking control of their financial futures by filing for bankruptcy, and for good reason. With inflation, medical debt, rising interest rates, and a shifting job market, bankruptcy is no longer a last resort. Instead, it’s a smart legal tool for wiping the slate clean and moving forward with confidence.

Here at  Read full article  read more

Top 25 Reasons People Are Grateful They Found Relief Through Chapter 7 or Chapter 13 Bankruptcy

April 24th, 2025 by

Why So Many People Feel Grateful After Filing Chapter 7 or Chapter 13 Bankruptcy

At Joseph Wrobel, Ltd., we’ve helped countless individuals and families in Chicago navigate the often overwhelming world of personal bankruptcy. Whether it’s Chapter 7 or Chapter 13, the relief that comes with a fresh financial start is real and life-changing. Bankruptcy is not the end; for many, it’s the beginning of a brighter, more secure future. Here are the top 25 reasons people tell us they’re glad they filed for bankruptcy and reclaimed control of their lives.

1. Peace of Mind

 Read full article  read more

Your 2025 Bankruptcy Questions Answered: Meet Attorney Joseph Wrobel

April 23rd, 2025 by

Every year, thousands of people across Illinois and the U.S. face unexpected financial challenges, and many don’t know where to turn. In our latest Bankruptcy FAQ podcast, Chicago bankruptcy attorney Joseph Wrobel addresses the kinds of questions he’s hearing most in 2025, providing practical advice and compassionate guidance.

Use This Link to Listen https://bit.ly/2025-FAQ-Bankruptcy 

Here are some of the topics we covered:

🔹 Second Mortgages Read full article  read more

10 Best Ways to Get in on the Economic Recovery and Make More Money

April 4th, 2025 by

How to Make More Money and Thrive in the Economic Recovery

As the economy rebounds, there are plenty of opportunities to improve financial stability and increase income. Whether you’re looking to strengthen your career, start a business, or invest wisely, now is the time to take action. Chicago Bankruptcy Attorney Joseph Wrobel at Joseph Wrobel, Ltd. shares 10 key ways to make the most of economic recovery and build long-term financial success.

  1. Invest in Yourself Through Education and Training

The job market is changing, and employers are looking for candidates with Read full article  read more