Bankruptcy Law

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Bankruptcy Law

Bankruptcy Law | Evanston Main Law Office - Evanston, IL

If you have a mountain of debt, bankruptcy may be the right approach for you. I work with my clients step-by-step to make sure that bankruptcy is indeed the most beneficial option. I have years of experience with bankruptcy law, and I am committed to creating a solution for you and your unique financial situation.

Bankruptcy has a negative connotation, but there are many positive factors associated with declaring bankruptcy. This course of action allows you to declare a fresh new start with your finances, and it provides you with relief from your debts. Many clients feel a sense of liberation after declaring bankruptcy.

There are two types of bankruptcy in bankruptcy law: Chapter 7 and Chapter 13. I will examine your financial situation in depth to help you determine which option is appropriate for you and your needs.
Chapter 7—This type of bankruptcy will provide you with immediate relief from your unsecured debts such as medical bills, credit card debts, and certain types of tax debts. If you do file for Chapter 7 bankruptcy, you should be prepared to reveal all of the information pertaining to your various creditors as well as a detailed account of your financial income and other information regarding your situation.
Chapter 13—With this kind of bankruptcy, you will actually be repaying your debts, but you have the option to work out repayment terms that are reasonable for you and your current circumstances. In order to qualify for Chapter 13 bankruptcy, the debtor must have a disposable income, and the repayment plan cannot exceed five years.

I will work with you to determine whether Chapter 7 or Chapter 13 is the best option for you, and I will get you well on your way to financial freedom by assisting you in the bankruptcy law process.

If you are interested in learning more about how I can help with your unique bankruptcy needs, please contact Evanston Main Law Office today for an initial free consultation.

Evanston Main Law Office | 1560 Sherman Ave Suite 301, Evanston, IL | (847) 475-4474
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