Chicago Chapter 7 Bankruptcy Attorney

About Filing for Chapter 7 Bankruptcy in Chicago

When you are facing overwhelming debt and don't have the ability to pay, you need to take action and determine whether you qualify for Chapter 7 bankruptcy.   This form of bankruptcy can provide you with the freedom from unsecured debt and gives you the opportunity for a fresh financial start.  When considering filing for bankruptcy, it is vital that you contact a Chicago bankruptcy lawyer to help you in determining whether you qualify for this form of bankruptcy.  The first vital step is to contact Bizar & Doyle to review your situation to advise you how to proceed with filing a bankruptcy petition.  The faster you move the more likely you will avoid losing your assets.

Chapter 7 Bankruptcy Lawyer in Chicago

The advantages of filing Chapter 7 include the relief you experience when the "automatic stay" begins.  During the bankruptcy process, all collections actions stop.  This includes utility bills, wage garnishment, foreclosure proceedings, lawsuits related to debt and other serious financial problems.  During the time that the bankruptcy is being processed through the bankruptcy court, actions can be taken to resolve matters related to your home if it is in foreclosure, including the possibility of getting out from under second mortgages and other options.  In countless cases, clients have paid out a small portion of what they originally owed on their home through negotiations made on their behalf. 

When you no longer owe the debts you have accumulated over time, the freedom from stress is the first most mentioned form of relief.  No more calls, letters or lawsuits regarding debt.  It is strongly advised that you act quickly if you are in serious financial trouble, as juggling credit cards or emptying your retirement account to make payments.  Did you know in a Chapter 7 you keep your retirement accounts?  Before digging a deeper hole for yourself, contact our firm to discuss the situation.  The faster you act, the sooner you will experience the relief of being free of debt.

Contact a Chicago Chapter 7 Bankruptcy Attorney before it is too late.