Is Bankruptcy the Right Choice for Me?

Making the decision whether to file bankruptcy can be very difficult. You may have questions and concerns about bankruptcy and what type of bankruptcy is right for you.

If you are struggling with debt and looking for a way out, you should discuss your concerns with an experienced bankruptcy lawyer in Orland Park, Illinois. Bankruptcy may or may not be your best debt relief option. You can count on attorney Steve Beck to help you understand your specific options.

Is Chapter 7 Bankruptcy Right for Me?

Chapter 7 bankruptcy allows individuals to eliminate unsecured debt such as medical bills, credit cards, and payday loans. As a rule of thumb, if it looks like it will be difficult or impossible to pay your debts, you should consider filing. Once the Chapter 7 bankruptcy is filed with the court, creditor harassment must stop, and debts, and judgments against the debtor are eliminated once the bankruptcy is completed. In nearly all cases, people who qualify to file from bankruptcy may keep everything they own, including their houses and cars.

Eligibility for Chapter 7 bankruptcy is determined in part by the means test, which may disqualify some people with above-average incomes from filing. Means test and income issues can sometimes get pretty complex, and it is a good idea to retain an experienced bankruptcy lawyer.

Learn more about Chapter 7 bankruptcy.

Contact a Will County Chapter 7 Bankruptcy Law Firm

Learn all you can about your debt relief options. In a free telephone consultation, I will help you understand how Chapter 7 bankruptcy can give you a fresh financial start. Call me at (708) 479-1144 or contact me online.