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.
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
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.
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.
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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
🔹 Second Mortgages Read full article
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.
The job market is changing, and employers are looking for candidates with Read full article
The current bankruptcy trend is increased filings, with 504,112 bankruptcy case filings in the tracking year ending September 2024, an increase from the previous year’s filings of 433,658 petitions for bankruptcy relief. This increase of 16.25% is significant. Read full article
It’s cold this month, just about everywhere, and the bills are going to be high! Vehicles dislike winter and break down. Credit card bills already too high are getting taxed. January is one of those months we feel like we are never going to be able to get ahead. Do you spend the month of January telling yourself, it’s okay, those were holiday expenses last month and we’re all going to make it?
If you are sick of just making ends meet and no matter how hard Read full article
A bankruptcy attorney’s role is both demanding and rewarding. These legal professionals assist individuals and businesses struggling with overwhelming debt by guiding them through the complex bankruptcy process. For those seeking a fresh financial start, choosing the right bankruptcy lawyer can make all the difference. This article takes a closer look at a typical day in the life of a bankruptcy attorney, providing a behind-the-scenes glimpse into how they Read full article
In today’s complex financial landscape, it’s easy to feel overwhelmed by debt, significantly when unexpected life changes impact our finances. From maxed-out credit cards to unanticipated medical bills, the financial strain can become unbearable. However, there is hope. Bankruptcy options like Read full article
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