There are many different circumstances that can create debts so large that bankruptcy becomes something worth considering. For some people, it's long-term unemployment. For others, it's a divorce, illness or injury. Regardless of your circumstances, if your debt has become unmanageable, you should talk to an experienced bankruptcy attorney who can explain the benefits and consequences.
If you want to know more about your legal options, contact us by e-mail or call (312) 445-9062 for a free consultation.
At Hitchcock & Associates, we have helped clients in Chicago, Illinois, and nearby communities make informed decisions on bankruptcy for over 20 years. We understand that in uncertain economic times, people from all walks of life are forced by circumstances beyond their control to find ways to relieve themselves of overwhelming debt.
Benefits of Chapter 7 Bankruptcy
- Stops harassing phone calls and letters from creditors
- Stops wage garnishments, repossessions and other collection actions
- Discharges all eligible debts
- Allows you to keep much of your property through specific exemptions
In many cases, you will be able to keep your house and car if you can keep up with payments after your unsecured debts are discharged.
Debts a Chapter 7 Bankruptcy Will Not Erase
- Federally insured student loans
- Federal and state taxes owed in the past three years
- Property taxes
- Municipal taxes
- Child support
- Alimony
Because each case is unique, you should talk to an experienced bankruptcy lawyer to find out if you are eligible for Chapter 7 or Chapter 13 bankruptcy. At Hitchcock & Associates, we will help you understand the benefits and obligations involved in Chapter 7 and we will dispel the misconceptions of bankruptcy. See our bankruptcy FAQ page for more information.
For a free consultation, call us today at (312) 445-9062. You can also contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
