Willis & Associates

✅ When Chapter 7 Is the Better Option If unsecured debts are the main problem — credit cards, medical bills, personal loans — Chapter 7 offers the... more

Credit Scores Are Dropping Fast — What It Means for Greensburg Families Credit scores across the U.S. are falling at the fastest pace since the Gr... more

42% of Americans Are Worried About Credit Card Debt – Why Bankruptcy Relief in Pittsburgh May Be the Answer Recent studies show that 42% of Americ... more

📸 Image Caption: “Rising debt and inflation are driving more Pennsylvania families to seek relief through bankruptcy.” Economic Pressures Driving... more

Rising Credit Lines Pose Risk as U.S. Credit Card Debt Hits $1.14 Trillion The report showed that overall household debt increased by $93 billion t... more

Average credit card debt How much credit card debt does the average American have? The average balance is $6,380 as of the third quarter of 2024, a... more

Financial struggles can feel overwhelming, but there is hope. Expert guidance is available to help navigate the path to financial relief and regain... more

Signs are multiplying that Americans are struggling to keep up with their bills — and Wall Street is getting worried. A recent survey by the Feder... more

A new sign emerged this week showing the number of borrowers maxing out personal credit cards remains high, with delinquency rates on the rise, and... more

How interest rates and inflation impact credit card debt On an individual level, Americans carried credit card balances averaging $7,932 as of the ... more

Facing financial challenges? Find expert guidance and solutions to navigate bankruptcy smoothly. Discover how at greensburgbankruptcyattorney.com #FinancialFreedom https://greensburgbankruptcyattorney.com/home/f/how-interest-rates-and-inflation-i... more

Facing financial challenges? We understand that bankruptcy can be a tough decision. We're here to provide guidance and support during this difficult time. Let us help you navigate your options and find a fresh start. #FinancialSupport #Empathy ht... more

The number of Americans struggling under the weight of owing money has significantly increased in the past two years, with an estimated 56 million ... more

Surging mortgage rates hit 23-year high The milestone arrives after months of increases.The 30-year fixed mortgage rate this week climbed to 8%, re... more

Credit cardholders collectively carry more than $1 trillion in credit card debt across approximately 578 million credit card accounts, according to... more

Macy’s is warning of a spike in customers who are failing to make credit card payments, adding to the evidence of mounting financial stress on cons... more

Trapped in debt Americans' credit card debt surpasses $1 trillion An increasing number of cardholders are carrying more credit card debt than befor... more

Paycheck to Paycheck Living on The Rise In recent years, the number of families living paycheck to paycheck has risen sharply. For many Americans... more

Loan Delinquencies Are Also on the Rise in 2023 With a record 16% of American consumers paying at least $1,000 a month for their cars, it's no s... more

Commercial Chapter 11 Filings Increased 105% in May – Commercial Chapter 11 filings increased 105 percent in May 2023 to 680 versus the 332 filings... more

Auto repossessions are expected to climb in 2023 now that consumers no longer have the benefit of more leniency from lenders and stimulus programs,... more

April 3, 2023 – New bankruptcy filings in March 2023 registered year-over-year increases across all U.S. major filing categories for the third mont... more

As the Federal Reserve raises interest rates again, credit card debt is already at a record high, and more people are carrying debt month to month.... more

Americans continued to add to their debt at the end of last year — and grew their credit card balances at record rates, according to data released ... more

Reducing Your Car Payment through Chapter 13 Bankruptcy Are you behind on your car payment? Is your car payment larger than your budget allows? Do... more

Americans are more worried than ever about money and the economy.

https://greensburgbankruptcyattorney.com/bankruptcy-blog/f/consumers-turning-to-credit-cards-and-payday-loans-to-cover-costs

Rising interest rates, inflation leading consumers to rack up credit card debt Rising interest rates coupled with crippling inflation has sent more... more

Bankruptcy Filings Increase Across All Chapters in August 2022 — Bankruptcy filings in August 2022 across all chapters totaled 35,355, a 10 percent... more

Credit card balances jump 13%, highest leap in over 20 years. To bridge the gap, more consumers are relying on credit cards to get by, which has he... more

Your credit card debt is about to get much more expensive. Rising APRs means revolving balances will be more expensive to pay off. The average cre... more

Celsius becomes third major crypto firm in two weeks to file for bankruptcy Crypto lender Celsius Network has initiated bankruptcy proceedings, the... more

On a monthly basis, the broadest measure of inflation rose at a pace of 1.3%, inching up from 1% in May and climbing at a faster tempo than the 1.1... more

If you carry credit card debt, chances are that your monthly payments will rise sharply this year. The Federal Reserve on Wednesday raised its key... more

Consumers Pile on Credit Card Debt While Savings Slip The numbers could mean that retail, which had been recovering, is about to see a slide of con... more

Facing Higher Grocery Prices, Shoppers Change Habits About 71% of Americans said they feel their paycheck is not able to keep up with infla... more

Three months after the end of a federal foreclosure moratorium intended to keep people in their homes during the pandemic, foreclosure activity con... more

When companies or lenders charge off a debt, they’re able to write it off for tax purposes. However, you still owe the money and nothing about the ... more

Winter is coming and, along with it, a pre-foreclosure wave. So says investor and residential real estate expert Cameron Dunlap of Real Estate Weal... more

All good things must come to an end, and for federal student loan holders, that end will be on Jan. 31, 2022. So, you’ve got a few months left to t... more

Millions of in the United States who have fallen behind on payments could face foreclosure in the coming months after the Supreme Court moved to en... more

US consumers are now learning they can finally be rid of credit card debt and free from financial worry. Over the last few years, average consumer... more

Has the pandemic piled so much debt on you that you're wondering whether you ought to file for bankruptcy? If so, that's not surprising. In the wak... more

Even as the nation rebounds from the coronavirus pandemic, more than 2 million homeowners are behind on their mortgages and risk being forced out o... more

Bankruptcy filings fell in 2021, but post-COVID ‘shadow debt’ may spell trouble Last Updated: June 19, 2021 at 10:20 a.m. ET First Published: June ... more

Can a Debt Collector Get Into My Bank Account? Can debt collectors take money from your bank account to offset debts you owe them? Unfortunately, t... more

The nation’s consumer watchdog agency says more borrowers are behind on their mortgages than at any time since the Great Recession. And the situati... more

Medical debt among Credit Karma's members spiked by $2.8 billion, or about 6.5 percent, from the end of May to the end of March. The number of peop... more

Debt collectors could soon come after people's stimulus payments if they have outstanding bills. If a person has a court judgment against them for... more

Many Americans have started to see the latest round of stimulus checks flow into their bank account after President Joe Biden signed into law the $... more

Can Seniors File for Bankruptcy? The short answer is yes. Here is no legal age limit to filing for bankruptcy. A long as you are a legal adult, you... more

According to the filing obtained by The Athletic, Kane is nearly $27 million in debt and faces six active lawsuits, court actions and administrativ... more

The number of chapter 11 business bankruptcies rose 29% last year even as plunging consumer bankruptcies kept overall U.S. filings at their lowest ... more

President Donald Trump signed a $900 billion Covid relief package into law Sunday. But the extra unemployment benefits it contains may take weeks t... more

Allowing the debt to be discharged could tighten lending standards, put a lid on tuition increases and end shady for-profit universities. Passing ... more

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Personal bankruptcies expected to rise in 2021 as stimulus ends Bankruptcy filings have been kept in check this year by government stimulus and evi... more

Monroeville and Westmoreland malls, file for bankruptcy Two mall operators filed for bankruptcy protection Monday, hurt by the coronavirus pandemic... more

The company that owns two southwestern Pennsylvania shopping malls is preparing to declare Chapter 11 bankruptcy. The owner of two southwestern Pe... more

PITTBURGH — The owner of what’s been Pittsburgh’s biggest homegrown coffee shop chain has filed for Chapter 11 bankruptcy, with its founder and pre... more

Exhibition shares took a beating Tuesday as AMC Entertainment announced its cash might be gone by year end and Walt Disney became the latest big co... more

Hobbled by the pandemic and facing the same long-term challenges as other casual dining chains, Ruby Tuesday filed for Chapter 11 bankruptcy protec... more

Bankruptcies have surged 40% during the coronavirus pandemic compared with the same time a year ago, according to Bloomberg. The crisis has hit a... more

)Sizzler USA, one of the country's first casual restaurant chains, has filed for bankruptcy. The 62-year-old company said it filed for Chapter 11 ... more

On every index, personal and business bankruptcies in the United States are declining significantly. But that doesn’t mean that everything is finan... more

Winston-Salem-based chain K&W Cafeterias will continue to serve diners despite filing for Chapter 11 bankruptcy. K&W Cafeterias, founded in 1937, ... more

A new ruling by a U.S. appeals court has affirmed the cancellation of a borrower’s $200,000 in private student loans. In McDaniel v. Navient, the ... more

KB US Holdings, which owns Balducci's and Kings Food Markets grocery chains, has filed for bankruptcy. While grocery stores are witnessing a boost ... more

Up to 300 Pizza Hut restaurants are slated to permanently close following the bankruptcy of one the chain's largest franchisees. NPC International... more

The Cheesecake Factory, Dave & Buster’s and the parent company of Outback Steakhouse may be in serious financial trouble, according to a new report... more

US bankruptcies are on track to hit a 10-year high as the coronavirus pandemic recession continues to slam businesses, according to a Monday report... more

Despite Record Levels of Federal Aid Coronavirus pandemic adds strain to agricultural economy already reeling from trade fights, commodity glut Mor... more

The department store, which traces its roots to 1826, was struggling before the coronavirus hit. Its owner, the clothing rental start-up Le Tote, a... more

Firearms maker Remington files for bankruptcy Remington Outdoor Company, one of America’s oldest gunmakers, has declared bankruptcy for the second... more

The Senate proposal will include another eviction moratorium, but it'll still take some time before that passes. What happens in between? The evi... more

Senior Republican lawmakers are studying a significant overhaul of emergency unemployment payments that could complicate the work of state agencies... more

The coronavirus pandemic is setting off a wave of corporate bankruptcies, with thousands of U.S. retailers, energy companies and other businesses s... more

The pendulum swings back toward fear As the pandemic persists, more and more companies have filed for bankruptcy protection, following in the foots... more

Bankrupt retailer JCPenney said Wednesday it will cut its workforce by about 1,000, axing largely corporate, field management, and international po... more

Covid-19 Is Bankrupting American Companies at a Relentless Pace Retailers, airlines, restaurants. But also sports leagues, a cannabis company and a... more

Brooks Brothers, the 200-year-old menswear retailer that has dressed 40 US presidents and unofficially became the outfitter of Wall Street bankers,... more

Bankruptcy filings in Hawaii soared 21.8% in June as the coronavirus pandemic continued to wreck havoc on the state’s economy. A total of 151 residents and businesses filed for bankruptcy protection last month, according to the U.S. Bankruptcy Cou... more

US companies tumble into bankruptcy at under coronavirus stress The coronavirus' economic fallout is fueling Chapter 11 bankruptcy filings at the f... more

The vitamin chain was hit hard by debt and COVID-19.Add GNC to the list of retailers too fragile to withstand the stress on their business from the COVID-19 pandemic. GNC’s parent company, GNC Holdings Inc., filed for Chapter 11 bankruptcy protec... more

Chuck E. Cheese's parent company, CEC Entertainment, said Thursday it is filing for Chapter 11 bankruptcy protection, citing the "financial strain" of mass restaurant closures due to the coronavirus pandemic. The company said it expects to continu... more

Without the coronavirus pandemic, 25-year-old Zechariah McCray says he probably wouldn’t have been struggling with money. But now, he’s struggling ... more

24 Hour Fitness files for bankruptcy, closes over 130 gyms amid coronavirus pandemic24 Hour Fitness announced Monday the company is filing for Chap... more

After months of keeping their doors shut amid the coronavirus pandemic, popular kid's restaurant Chuck E. Cheese may not ever reopen. The brand beh... more

As many as 25,000 stores could shutter this year as businesses continue to feel the impacts of the coronavirus pandemic, according to a new report ... more

Here’s what you need to know. Consumer Debt Total household debt increased $155 billion, or 1.1%, in the first quarter this year, according to a n... more

U.S. commercial bankruptcy filings under Chapter 11 of the U.S. Bankruptcy Code jumped in May by 48% from year earlier, marking an initial wave of ... more

The So-What Of Bankruptcy: JCPenney, Hertz, & More The So-What Of Bankruptcy: JCPenney, Hertz, & More The So-What Of Bankruptcy: JCPenney, Hertz, &... more

Bankruptcy is something most people don’t really understand. When used correctly, bankruptcy can give a person who is hopelessly overburdened with... more

When is it the right time to file Bankruptcy? May 30, 2020|Bankruptcy When is it the right time to file bankruptcy? When is it the right time to fi... more

Upstate bankruptcy attorneys say it’s not a question of if, but when an onslaught of personal bankruptcy filings will come. “Americans already had ... more

Personal bankruptcy service sees increase in requests amid coronaAn increasing number of Americans are looking for help with Chapter 7 bankruptcy f... more

Bankruptcy Chapter 13 Bankruptcy Attorney. Willis & Associates. Pier 1 said it will go out of business and permanently close all 540 of its stores... more

JCPenney is reportedly eyeing bankruptcy and experts say other department stores and mall brands may soon follow as coronavirus decimates the retai... more

JCPenney is reportedly eyeing bankruptcy and experts say other department stores and mall brands may soon follow as coronavirus decimates the retai... more