Chicago Bankruptcy
Chicago Bankruptcy – A Chance for a Fresh StartFalling behind on debt is unsettling for any person or family. No one wants unpaid bills piling up, but circumstances sometimes make it impossible for hard-working people to get ahead. The end result often leads to the embarrassment caused by harassing phone calls from creditors, car repossessions, garnishment of wages, home foreclosures, and even lawsuits. Fortunately, the law recognizes that honest people often get caught in the quicksand of debt, and filing for bankruptcy offers hope for future financial stability. At the Law Offices of David M. Siegel Chicago bankruptcy attorneys are ready to help you understand your bankruptcy options, and will represent you throughout the process. Our Chicago bankruptcy lawyers have several options to offer Chicago clients who are in need of debt relief. Chapter 7 Bankruptcy is perfect for people who have no significant assets. Basically, this kind of bankruptcy gives a person a fresh start. A Chapter 13 Bankruptcy is best for people who have significant assets. This is considered a “bill consolidation” type bankruptcy, and it has helped some Chicago residents save their home when facing foreclosure. Chicago bankruptcy attorneys from our firm can assist you every step of the way. Success depends on choosing Chicago bankruptcy lawyers that are knowledgeable about bankruptcy and dedicated to understanding bankruptcy law. A cost free consultation with one of our Chicago bankruptcy attorneys will quickly address your concerns and answer your most pressing questions. Rest assured; we are here to help and not to judge. Good, hard-working people face the same problems every day, and bankruptcy offers peace of mind and the possibility of a bright financial future. Chicago Bankruptcy AttorneysUnderstanding Bankruptcy LawOne of the most important roles our Chicago bankruptcy lawyers provide is helping clients determine which type of bankruptcy is most appropriate to the situation. While new bankruptcy laws can be confusing, it is the roll of an attorney to make sure your best interests come first. This involves a detailed investigation into your finances to determine whether you should file for a Chapter 13, or Chapter 7, bankruptcy. When most people think of bankruptcy they have Chapter 7 in mind. Chapter 7 bankruptcy is designed around providing a fresh start. This means that you have a financial clean slate, and you are no longer required to pay most unsecured debts, such as credit cards and medical bills. By filing Chapter 7, our Chicago bankruptcy attorneys also prevent all collection activities against you. This means no more irritating and embarrassing phone calls at all hours of the day. Chapter 13 is advantageous if someone has a great deal of assets, and our Chicago bankruptcy lawyers can help determine if this is the best option for you. In some cases, filing a Chapter 13 bankruptcy can keep a car from being repossessed, or even prevent foreclosure on a house. Essentially, Chapter 13 bankruptcy creates a court-supervised repayment plans after a consolidation of debts. Repayment of debts takes place over a period of 3-5 years, and oftentimes payment of interest is negated. Our bankruptcy attorneys can also attempt to lower the overall debt, saving you a great deal of money in the long run. Chicago Bankruptcy LawyersDeciding if Bankruptcy is Right for YouUltimately, deciding whether or not to declare bankruptcy is up to you. Still, it is important to make an educated decision regarding bankruptcy, which is where our Chicago based team of attorneys can help. Sometimes there is no other choice other than to declare bankruptcy, but understanding bankruptcy law will help you draw a clear path toward your future. First and foremost, the Law Offices of David M. Siegel will work with you on an individual basis. Our team of Chicago bankruptcy attorneys will review your finances and make sure you understand every step of the bankruptcy process. We believe that bankruptcy is not an end, but rather a beginning. It is a chance for a new start and a good night’s sleep. It can mean that someday you will be able to buy your dream home, or the car you’ve always wanted. Filing bankruptcy is an opportunity for many Chicago folks who simply want to get back on track after being derailed by a hospital stay, being laid off, or other event that is simply beyond anyone’s control. Many of our bankruptcy clients are also surprised to learn that filing for bankruptcy is far less expensive than expected. During your initial consultation with one of our Chicago bankruptcy lawyers, we will outline the costs that you will incur if you decide to file for bankruptcy. We recognize that most people seeking to declare bankruptcy are looking for an affordable Chicago attorney, and we seek to meet those expectations. Whatever you decide, it is vital that you speak with a qualified Chicago attorney, dedicated to bankruptcy law. Because our primary focus is bankruptcy law, we are equipped to take the guesswork out of the process and can provide honest answers and clear focus. We will be your advocates throughout the bankruptcy process, and will aggressively fight for your legal rights. Call Today to Discover if Bankruptcy is Right for YouBankruptcy law is federal law based on the idea that people sometimes need a fresh start by eliminating most of their debt, or by allowing them to pay it back over an extended period of time. Chicago attorney David M. Siegel can assist you throughout the bankruptcy process, from start to finish. Choosing the right bankruptcy lawyer can make a big difference when it comes to the resolution of your bankruptcy case. Call our Chicago law firm today for your free consultation. We are confident that once you talk to one of bankruptcy lawyers you will immediately feel a sense of relief. Taking the first steps on the path to a new beginning are always the hardest, but the positives far outweigh the negatives. We are dedicated to bankruptcy law, with the knowledge to back it up. Call us today and find out if filing for bankruptcy is right for you. |
In either case, Chapter 7 and Chapter 13 both eliminate:
You can schedule a FREE, initial consultation with an experienced bankruptcy lawyer by calling (847) 520-8100. The first consultation is always FREE! |
