Bankruptcy Attorney
Bankruptcy Lawyer Attorney Profiles Common Questions Bankruptcy Evaluation Office Locations

No Money Down on Chapter 13 Cases
For Qualified Wage Earners!
Chapter 7 Bankruptcy from $850

Information Center
Asset Protection
Bankruptcy Overview
Business Bankruptcy
Chapter 13
Chapter 11
Chapter 7
Creditor Harassment & Abuse
Debt Relief Options
Eliminating 2nd Mortgages
Fighting Foreclosure
Means Test
Rebuild Credit
Resources
Taxes & Bankruptcy
Bankruptcy Alternatives
Bankruptcy Exemptions
Bankruptcy Myths
Bankruptcy Process
Bankruptcy Time Line
Benefits of Bankruptcy
Chapter 7 vs. Chapter 13
Filing for Bankruptcy
Is Bankruptcy Right for Me?
Life After Bankruptcy
Why Hire a Bankruptcy Attorney
Will I Lose Anything?
Read our blog

Bankruptcy: Top Reasons for Filing

Ever wonder what the top reasons are for filing for bankruptcy? There are several and they have affected thousands of people in 2010 alone.

To start, many people want a clean slate and can only accomplish this by declaring bankruptcy. Through a process called discharge of debts you can get a fresh start through Chapter 7 bankruptcy, also known as straight bankruptcy, or Chapter 13 bankruptcy which involves reorganization of debts.

Other debtors have chosen bankruptcy to stop foreclosure on their homes. Some types of bankruptcy will allow you to make reduced payments to make up for payments where you may have fallen behind. If this is the case then you will choose Chapter 13 bankruptcy  to stop the foreclosure before the sale of your home.

And finally, when loss of employment severely affects your financial situation, filing for bankruptcy may be the only way to get back on your feet. This is especially true in households where both spouses have lost their jobs.

If you're on the verge of filing for bankruptcy, get the legal help you deserve by contacting our firm and speaking with a Chicago bankruptcy lawyer.

Free Bankruptcy Evaluation
Eliminate Debt & Bills
123 W. Madison Street, Suite 205; Chicago, IL 60602
Attorney Web Design
The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100