Chicago Bankruptcy Lawyer 866-493-6359

Chicago Bankruptcy Lawyer

If times are hard financially and you think you may be overwhelmed by debt, then maybe Chapter 7 bankruptcy is the option for you. A Chicago bankruptcy lawyer can help. This is the process of seeking the court’s help against adverse action by creditors. In the city of Chicago in Illinois, a Chicago bankruptcy lawyer can provide legal advice to the city’s residents on matters regarding debt management, bankruptcy and the options that clients have.

There various chapters of bankruptcy that a person can file under at the bankruptcy court. The most common of these are chapter 7 and chapter thirteen. Chapter seven allows you to “erase” your debt quickly and this is the option Attorney Scott DeSalvo tries to get to all of his bankruptcy clients. A good attorney is able to advise you on the most appropriate bankruptcy chapter to file under for the court’s protection, but Chapter 7 is very common and for many people, Chapter 7 Bankruptcy is the way to go.

Bankruptcy lawyers and attorneys have adequate knowledge on matters to do with debt, debtors, law and all other related matters. Their knowledge is invaluable in assisting, guiding and advising their bankruptcy clients. A good attorney will also help protect you against adverse action being taken against you by your creditors. By law, creditors may seek the court’s assistance in recovering any money owed to them and the court will most likely grant that request. At other times, creditors may instruct a collection company to recover their debt and your assets, such as your house or car may be claimed. This underlines the importance of consulting Chicago bankruptcy attorneys. Chapter 7 bankruptcy stops the calls and collection actions dead in their tracks.

After consulting with an attorney, they will advise you if Chapter 7 bankruptcy is your best and only option. There are sometimes better solutions than filing for bankruptcy protection. If you are a fit candidate, the attorney will advise you on the most appropriate chapter under which to file for bankruptcy. There is normally some documentation that needs to be done and filing to be made at the law courts. It is also important that the correct forms are filled at the local courts.

Speedy action by a Chicago bankruptcy lawyer can save a client from adverse actions that may potentially be instigated by creditors. If the court approves of the application for protection and the bankruptcy act, then a plan of sorting out the debts owed to others will be agreed upon. This plan should be implemented in full. A Chicago bankruptcy lawyer will help ensure you get a good deal on your debts so you don’t lose your assets and can manage the repayments with time.