Frequently Asked Questions About Bankruptcy
Law Offices of David Freydin, Chicago bankruptcy lawyers, can provide
you with answers to all of your
bankruptcy questions. To assist you in some quick answers to common questions, we
provide you with the following:
What can I keep if I file
Chapter 7 Bankruptcy?
We know you are concerned about your personal belongings. We are here
to help you be able to keep as much as you can as allowed by Bankruptcy
Code. Some of the common exemptions are:
- Some Equity in your home
- Some Equity in your car
- Cash in various types of accounts, such as savings, etc.
- Pension plans or other retirement accounts
How will my credit be affected?
There will be an impact on your credit initially after filing for bankruptcy;
however your credit was likely already damaged due to late payments and
serious delinquencies. We can work with our clients to improve their credit
score once the bankruptcy is finalized.
We get continual debt collection calls at home, is there anything we can
do to make them stop?
Once you obtain our services and we file for bankruptcy on your behalf,
your creditors will no longer be able to continue you to call and harass
you. We will handle any conversations with creditors that need to be contacted.
We took on a mortgage that has now gone up so much we can no longer afford
to pay for our home. Is there anything we can do legally?
We will need to speak with you personally in order to obtain all the needed
information to provide you with the best advice for your situation. However,
it is very likely that the legal team of Law Offices of David Freydin
will be able to assist you in either modifying your home loan or assist
you with a bankruptcy filing.
Contact a Chicago Bankruptcy Attorney
Our dedicated and caring team of attorneys in our various offices is here
to serve you and answer all of your questions.
Contact a Chicago bankruptcy attorney from Law Offices of David Freydin for a no charge consultation to help
you in your bankruptcy options.