If you’re seeking a reputable bankruptcy attorney in Chicago, our experienced team is here to help answer all your debt-related questions.
Owing money can be overwhelming, but there are legal solutions available to help lighten the load. If you’re struggling to keep up with paying your debts, filing for bankruptcy could be the right step for you. Our Chicago bankruptcy firm offers comprehensive assistance with zero-dollar down Chapter 7 and Chapter 13 bankruptcies.
Understanding Filing for Chapter 7 Bankruptcy in Chicago
Chapter 7 bankruptcy is one of the most accessible and affordable forms of debt relief. Filing for Chapter 7 bankruptcy can help resolve:
- Credit card debt
- Medical debt
- Unsecured personal loans
- Wage garnishment
- Certain civil lawsuit liability
These debts are often discharged entirely by the courts within three to four months of filing for bankruptcy. Immediately upon filing your case, your creditors will not be able to collect from you or contact you any further.
What is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy allows those with regular income, but overburdened with debt, to manage their debt. Filing for Chapter 13 bankruptcy allows you to consolidate your debt, lower your total amount owed, and then pay it off slowly and in a more manageable way over the next three to five years, giving you the breathing room you need.
Filing for Chapter 13 bankruptcy can:
- Avoid or reverse car repossession
- Stop foreclosures
- Reorganize tax debt
- Protect valuable assets
Rebuilding after Bankruptcy
Filing for bankruptcy in Chicago, Illinois, can be your first step toward a brighter financial future. While bankruptcy remains on your credit report for several years, within six months of filing bankruptcy, your negative debts should drop off your credit score from all the major reporting bureaus. If you’re someone who has struggled with debt, it’s vital to take advantage of this opportunity to rebuild your credit score. If you remain on top of revolving debts and maintain a secured credit card, you could set yourself on the path to homeownership in the future!
How Else Can DebtErasers Bankruptcy Law Firm in Chicago Help You?
Real Estate Closings
Are you buying or selling property? Our group of attorneys in Chicago guarantees a seamless real estate negotiation process from start to finish. We are prepared to assist both buyers and sellers with complete legal representation throughout the closing of the transaction. Make sure your real estate affairs are done right with help from DebtErasers.
Creditor Harassment
Are creditors harassing you unfairly? The Fair Debt Collection Practices Act (FDCPA) protects you against creditor harassment, and the DebtErasers Law Firm in Chicago can help by holding your creditors to the full extent of the law. Third-party debt collectors must end their contact with you once they know you are represented by an attorney.
Loan Modification Negotiation
Are you living with large loans and feeling like you’ll never get to the end of them? Loan modification could be an option you didn’t know you had. The purpose of a loan modification is two-fold: (1) Reduce your monthly payments to a more affordable amount and; (2) Defer your mortgage arrears to ensure your home is not at risk of foreclosure. To ensure your best chance of securing a loan modification, we recommend enlisting the services of our knowledgeable and experienced attorneys here at DebtErasers.
Meet Your Chicago Law Team
Rigoberto Garcia
Managing Partner
Rigoberto has devoted his legal career to helping those in need. As a native Spanish speaker, Rigoberto is attune to the diverse needs of his clients. Rigoberto has over 10 years of experience practicing bankruptcy law and assisted over 15,000 clients with debt relief.
Steve Miljus
Managing Partner
With more than 10 years of experience in bankruptcy, Steve Miljus provides advice and counsel to clients seeking debt relief. Mr. Miljus has assisted clients with foreclosures, debt negotiations, adversaries, tax issues, short sales, real estate transactions with a particular emphasis on liquidations, and reorganizations.
Start Down Your Path to Debt Recovery in Chicago
Discover DebtErasers bankruptcy law firm near Chicago. Make an appointment today or visit us from 8:00 am to 6:00 pm, Monday through Friday.
10258 S Western Ave, Suite 210A
Chicago, IL 60643
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Contact us: (312) 248-3382
No matter how behind your payments are, we are ready to assist you with your financial concerns.