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Record Consumer Debt

Posted by Timothy Brown | Feb 26, 2022 | 0 Comments

Consumer debt has risen to 15.6 Trillion according to the Federal Reserve's New York District.  As a result of the pandemic, people have amassed significant debt.  The debt level is likely to continue increasing in the coming months as a result of the current inflation.  As a result of the rising inflation, goods and services cost more.  But personal income, in most cases, is not increasing at the same rate.  Consequently, individuals are forced to use their credit cards to pay the difference.

Under the federal Bankruptcy law, debtors can obtain relief from their debt through Chapter 7 or Chapter 13 Bankruptcy.  Call us today for a free evaluation to learn of your options.

About the Author

Timothy Brown

Meet Our Experienced Crystal Lake Bankruptcy Lawyer Attorney Timothy Brown of The Law Office of Timothy Brown is a highly accomplished Crystal Lake bankruptcy lawyer. With over a decade of experience, he has the necessary skills to help his clients address a broad variety of legal matters pertai...


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Law Office of Timothy Brown is committed assisting individuals in need of Debt Relief, Bankruptcy Litigation, Chapter 7, Chapter 13, Creditor Harassment Defense, Debt Collection Defense, and Foreclosure law issues in Illinois.

We will discuss your case with you at your convenience. Contact us today to schedule an appointment.