The Benefits of Bankruptcy
Chicago, IL Bankruptcy Attorney
Individuals filing for bankruptcy will normally have two options for most personal bankruptcies. You will either be filing a
Chapter 7 or
Chapter 13 bankruptcy to assist you in handling your debt. The benefits differ between the two types and are dependent on your personal financial situation. The primary and immediate benefit you will gain by filing for bankruptcy is relief from the stress and worry you have been experiencing due to your financial situation.
All creditors must stop contacting you immediately upon filing your bankruptcy petition. In addition, any other collection activities must also stop, including garnishment of your wages, foreclosure proceedings on your home, debt collection lawsuits, repossessions or any holds on your bank accounts.
Having the advice and assistance of a qualified Chicago bankruptcy attorney will enable you to obtain all of the information you need in order to make an informed decision regarding your finances. Make certain you call a bankruptcy lawyer at Law Offices of David Freydin when you are ready to discuss your bankruptcy options.
Talk to a Bankruptcy Lawyer Serving Chicago, IL
Filing for bankruptcy does not mean that you will lose everything or even anything. On the contrary, what you stand to gain is freedom from the overwhelming debt and worry you have been experiencing every day. With our helpful staff, we will work for you to determine what assets you will keep and how we can assist you in moving forward to rebuild your credit.
Once a Chapter 7 or Chapter 13 bankruptcy is successfully completed, all of your debt that was eligible to be discharged under bankruptcy laws has been eliminated. You can immediately begin to rebuild your credit rating, using some of the tools you’ve gained from the credit counseling you have received as part of the bankruptcy process. We look forward to helping you with this process and know we can successfully assist you, as we have done for numerous other clients.
Contact a Chicago bankruptcy lawyer from Law Offices of David Freydin do discover what filing bankruptcy can do for you.