Living with debt can be crushing. When will the calls from creditors end? When will you be able to pay off your debts? Will you ever be out from under your credit card debt or medical debt? If you are struggling, it is crucial to seek out the advice of an experienced bankruptcy lawyer to learn more about your options.
Arlington Heights, Lakewood and Barrington Chapter 7 Bankruptcy Attorneys
At Manassa, Neugebauer, Calzaretta & Stassen, P.C., we work closely with consumers in Illinois to address their financial issues and help them achieve the fresh start they deserve through bankruptcy. To learn more about your options, including Chapter 7 and Chapter 13 bankruptcy, call us at 847-282-4051 or 815-384-2238.
To better serve our clients, we have two convenient office locations - Barrington and Crystal Lake - representing clients in Cook, McHenry, Lake, Kane and DuPage Counties in such towns as Arlington Heights, Lakewood and Palatine.
Bankruptcy: The Fresh Start You Deserve
There are many misconceptions about bankruptcy. Here are some important facts about bankruptcy:
- Bankruptcy, due to its automatic stay, will put a stop to creditor harassment, wage garnishment and many repossessions.
- While there will be an effect on your credit rating, bankruptcy provides consumers with a chance to rebuild their credit. Most consumers already have severe damage or even irreparable credit at the time they consider filing for bankruptcy.
- Most people who file for bankruptcy are able to purchase homes and vehicles again eventually after the bankruptcy discharge.
- Almost all filers are able to keep their home, car and some other possessions through the bankruptcy code's exemptions.
Types of Bankruptcy
The two types of bankruptcy available to most consumers are Chapter 7 and Chapter 13. Chapter 7 is a quicker process - three to five months - that results in the discharge of your debt. Chapter 13 is a longer process - three to five years - that consists of a payment plan before your remaining debts are discharged.
Chapter 7 is usually preferable, but clients must pass the bankruptcy means test to qualify. For those who do not qualify, or those who are seeking to avoid foreclosure, Chapter 13 is usually the best option.
Is Bankruptcy Right for You?
To discuss your situation and options with our Barrington bankruptcy attorneys, contact us for a free consultation.
In addition to consumer bankruptcy, we are also available to provide bankruptcy services for corporations seeking liquidation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.