Tag Archives: Illinois Bankruptcy Lawyers
Property Taxes Expected to Increase in Chicago to Mitigate City’s Impressive Debt
According to Chicago’s 2015 Comprehensive Annual Financial Report, our city’s debt has more than tripled since 2014 and now has unfunded liabilities totaling nearly $24 billion. Without significant pension reforms and spending reductions Chicago’s debt will undoubtedly continue to grow. While city and state officials are pursuing a variety of policies aimed at mitigating… Read More »
Bankruptcy Filings Down 6 Percent Across The U.S., Yet Many Bankruptcy Petitions Still Being Filed In Illinois
Now that the first half of 2016 has come and gone, analysts at the American Bankruptcy Institute (ABI) have surveyed American bankruptcy trends over the last six months and have released their findings. The ABI reports that between January 1st and June 30th of this year the total number of bankruptcy filings in the… Read More »