You Can Live Life Free from Debt!
"Is Bankruptcy Right for Me?"
Filing for bankruptcy protection has helped millions of Americans and consumers
throughout Illinois find long-term relief from debt. Although there are
countless positives to filing for bankruptcy, taking this type of legal
action is not recommended for every single situation. As experienced legal
professionals, we can assess your situation, identify any obstacles or
roadblocks, establish the strengths in your case, and determine if filing
for bankruptcy is the right debt relief solution for you.
"Are There Different Types of Bankruptcy?"
We can assist with the following forms of bankruptcy:
Chapter 7 Bankruptcy:
Chapter 7 bankruptcy is also referred to as liquidation. In the simplest of terms, Chapter
7 allows you to liquidate your assets and use the proceeds to pay back
any debts owed to collectors and creditors. Chapter 7 can only discharge
certain types of debt, such as credit card debt or other forms of secured debt.
Chapter 13 Bankruptcy:
Chapter 13 bankruptcy is typically reserved for individuals who have some sort of dependable
source of income. Chapter 13 requires you to create a debt repayment that
allows you to repay your debts over the course of 3 to 5 years. This type
of bankruptcy protection can discharge certain types of debts, including
certain forms of secured debt (such as stripped or crammed down liens).
Call (708) 279-4191 Today!
Have you fallen behind on bills or mortgage payments? Are you looking to
repay your debts? Do you want to put a stop to creditor abuse once and
for all? No matter what your specific case involves, we can stand at your
side and help you make informed decisions that allow you to get back on
your feet and enjoy living again.
Schedule your initial consultation at our Matteson office today.