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Disability appeals take an average of 17.9 months in Illinois

Applying for Social Security Disability (SSD) is a difficult process, but many people don't realize just how complex it might be. Some think that they have a case that will be approved right away because of their circumstances. The fact of the matter is that they often don't fully understand the laws that apply to their case.

One thing that often impacts people in these situations is that they don't expect the process to take as long as it does. They think they will be approved swiftly and that they won't have to do anything else. The majority of SSD cases aren't approved on the initial application. The applicant must appeal the matter, which takes a long time.

Don't delay a bankruptcy filing if you need financial protection

Now that things have settled down after the holiday season, you might have bills rolling in for the purchases you made. You might have been able to pay easily in January and February, but maybe things are really tight now and it doesn't look like that will change. If you are in this position and are unable to pay your creditors, you might have to review the option that you have to file bankruptcy.

For people who can pass a means test, which involves taking a look at the assets and income you have, Chapter 7 bankruptcy might be a viable option. For those who have considerable assets and can't pass that means test, a Chapter 13 bankruptcy might be in order. We know that you might have questions about which is the best for your situation. We are here to answer any questions you have about how bankruptcy might impact your life.

Proper credit usage can help you after bankruptcy

One of the most common things that people who are filing bankruptcy want to know is how they are going to be impacted by the filing. If your credit score is already poor, the bankruptcy filing will probably improve your score.  Creditors will know you filed bankruptcy, but you won't have any debts.

After the case is discharged, you might find it difficult to obtain new credit, but it is important to work on getting a credit card to help improve your credit score.  A secured credit card might be one of the easiest ways that you can rebuild your credit because you are putting up your own money and borrowing against it. If you do decide to do this or are able to take on any new credit, make sure that you pay the bills on time. Being late will have a negative impact on your already damaged credit score.

Fight for your Social Security Disability benefits

Social Security Disability (SSD) is a program that is meant to help injured workers support themselves if they are injured or ill and unable to return to work. This doesn't mean that they will get these benefits quickly. In fact, many people have to fight hard to get the benefits that they should receive. This can be difficult because they might not have sufficient or even any income at all during the process.

We are here to help you learn about your rights when you need to get the benefits that you've paid into during your working career. We know that you are likely going need to get the application process over with as soon as possible. Your bills are likely going to pile up while you are waiting for this to go through. This can make it difficult to think about your finances.

Getting out of debt may require bankruptcy

Your financial status can impact every decision you make in other areas of your life. When you know that you owe creditors money, you probably want to do all that you can to pay those debts off. This could mean that you are unable to enjoy your life in the way you want, which can lead to unhappiness.

While wanting to get out of debt is understandable, you have to make sure that you are still able to live a balanced life. You have options available to help you handle this monetary challenge. One option is to file for bankruptcy so that you can regain control of your finances.

Warning signs that it is time to declare bankruptcy

Declaring bankruptcy may sound scary, but it can be the right decision in certain circumstances. If your finances are spiraling out of control, bankruptcy may give you peace of mind and save you money.

However, filing for bankruptcy is a monumental decision that is not for everyone. If you are having trouble deciding whether you should pursue bankruptcy, do not worry. Here are some signs that your financial situation is unmanageable and bankruptcy may be the best option. 

Social Security 2100 Act is before Congress

The future of Social Security Administration (SSA) programs is something that has made the news a lot lately. There is a new bill that is before Congress that might enable some individuals to breathe a sigh of relief. The Social Security 2100 Act has more than 200 original co-sponsors, which highlights how important it is to the future of the programs.

The bill would help to bolster the benefits of individuals who currently receive them, as well as doing the same for people who get them in the future. There are many points through which this will happen. One important point is that there would be a more accurate way to determine the annual cost of living increase, which is said to be able to keep up with inflation better.

Bankruptcy isn't easy but it is worth it

When you file for bankruptcy, you are taking the first step toward financial change. This is a big deal because you are admitting that you have some negative financial aspects in your life that you need to change. This is empowering. The good news here is that when you file for bankruptcy, you can take the steps you need to learn how to make good choices about your money.

We know that this is a big step for you to take. You might feel so weighed down by debt that it is all you can focus on. This isn't ever a good place to be. You need to be able to enjoy your life and worrying about money can make that impossible. As soon as the bankruptcy is filed creditors must stop contacting you.  Many clients find that filing relieves a great deal of stress.

2 forms of consumer bankruptcy serve different needs

When credit card debt overwhelms you, finding an option for getting back on track with your finances becomes a priority. One option that you have in these cases is to file for bankruptcy. While many people think that this is an easy way, it actually takes work and sacrifice to make it happen. This can be a very effective financial tool to help you when you just can't get back on top on your own.

One factor that many people don't realize about bankruptcy is that there are two primary forms of consumer filings. These are very different. A Chapter 7 filing is the most common type of bankruptcy. Generally you can protect your assets with exemptions and not lose anything in a Chapter 7.   However, if your assets exceed your exemptions and are at risk you can protect them by filing a Chapter 13.  A Chapter 13 is a payment plan.  This doesn't mean you are paying all of your creditors in full, but you will pay something.  If you complete the payment plan the debts are discharged.