Chicago Chapter 7 Lawyer
More than 7500 Bankruptcy Cases in the Past Ten Years
Our law firm helps 100s of people each and every year use their rights under bankruptcy court
protection to start again, repair and re-establish. We are knowledgeable lawyers assisting hard working individuals
obtain the answers to escape overpowering debts and get back to normal.
We exclusively handle consumer chapter 7 bankruptcy as well as chapter 13 cases,
We have achieved a very good track record around the Chicago, IL area as an excellent and
dependable advocate for clientele from many areas of life. If you work with my law firm, you will meet right with
an knowledgeable personal bankruptcy attorney who is going to be there to answer your concerns and assist you
throughout all phases of your chapter 7 or chapter 13 case.
You and your family have got options. You have rights. You have the option to take back control
over your economic life. Get in touch with our Chicago, IL individual bankruptcy attorney for a consultation.
Personal bankruptcy Laws Are Made to Protect You.
If you are struggling with economic challenges which seem to be overpowering, it is definitely
essential to recognize that you and your family are definitely not suffering alone.
Only three payments of $400 including court
charges and lawyer fees
Our Law Firm has a Chapter 7 Success Rate of Above
Chapter 7 Bankruptcy is simply a type of bankruptcy that enables a person to eradicate debt without
the need for paying off an individual's creditors. Common examples of obligations that can be eliminated through a
bankruptcy proceeding are charge cards, medical-related debts, pay day advance loans, court judgments as well as
The foremost benefit of a Chapter 7 Bankruptcy is the quickness with which you may achieve a fresh
start. Compared with a Bankruptcy under Chapter 13, in a Chapter 7 Bankruptcy, an individual are not required to
make payments to lenders through time. Obligations discharged in a Chapter 7 are avoided once the discharge is
given. A further benefit of declaring Chapter 7 Bankruptcy is that a person's unsecured debt is usually discharged
within 4 to 6 months of the filing of an individual's case.
It is extremely typical for individuals to make minimum payments on their debts for many years,
raiding their retirement plan money, shifting balances from charge card to charge card, and making an attempt to
work with their creditors, only to find his or her self no better off compared to when they started out.
The moment our Individual bankruptcy Lawyers submit a person's Chapter 7, any collectors must
discontinue the following measures as soon as an individual's case is submitted: pestering collection calling,
garnishment of paychecks, pursuit of judgments by way of legal actions, repossession and real estate
Will Personal bankruptcy Wipe Out all My Owed money?
The majority of, with several exceptions. Bankruptcy will not typically eliminate:
money due for child support or alimony, fines and most taxes;
credit you got by intentionally giving fictitious information and facts to a financial institution, who reasonably
relied on it in getting you the loan;
bills coming from “willful and malicious” harm;
most student loans,
house loans and additional liens that are not paid in the bankruptcy case (but bankruptcy will wipe out your
obligation to pay out any further cash if the property is sold off by the creditor).
a few obligations received inside 6 months of a chapter 7 may be non-dischargeable. (Examples of such debts might
consist of a substantial funds advance or a luxury purchase made with a credit card, or a substantial amount of
large charges to a credit card account);
any debt you “reaffirm” is not going to be dischargeable.
Bankruptcy Chapter 13 - Repayment Arrangement
You might think about submitting a chapter 13 payment plan when you
Personally own your home and are actually in danger of loss of it simply because you are delinquent on your
Are behind on debt installments, but can get caught up if granted time;
Have valued property or home which is not exempt, but you can have the funds for creditors right from your current
earnings over time.
Currently have earnings which is over mean.
You will really need adequate revenue in chapter 13 to purchase your essentials and to keep up with the necessary
payments as they come due, along with to make installments in the plan.
In a chapter 13 proceeding you offer a “repayment plan” demonstrating the way in which you will pay
back some of your past-due and present obligations across 3-5 years. The most essential point about a chapter 13
case is that it can allow you to retain valued property -specifically your home and vehicle- which may otherwise be
forfeited, if you could make the installments which the bankruptcy law requires to be made to your lenders. In the
majority of circumstances, these payments will be at least as much as your normal monthly installments on your home
loan or car loan, with some extra cost to get caught up on the amount you have fallen behind. These added costs are
made month-to-month to a Bankruptcy Trustee as part of a “schedule” which enables you to pay back all or part of
your bills over a time period of up to 5 years.
Contact a Bankruptcy Lawyer
We are a debt relief agency. We help people
file for bankruptcy relief under the bankruptcy code.