Chapter 7 bankruptcy can give you a "fresh start" by erasing most unsecured debts altogether. This is the most commonly type of bankruptcy filed.  Although there were changes to the Federal Bankruptcy Code in 2005, most people still commonly qualifies for relief under a Chapter 7 Bankruptcy.  Our attorney is ready to sit down with you, examine your financial situation and determine if you qualify for Chapter 7.  Even if you do not qualify for a Chapter 7, there is no barrier to filing a instead and our attorney can advise you of that option.

To schedule a free initial consultation with our experienced attorney, call 847-468-1200.

How Does Chapter 7 Debt Relief Work?

Chapter 7 is for people who are unlikely to be able to pay back their debt, even at low interest rates. The first step is passing the means test, which involves analyzing your household income and comparing it to the median income for the state of New York.  Next, our attorney will assess your assets, such as savings, stocks, bonds, and paid cars.  Finally, will assess which debts are dischargeable.

If you qualify, the process of filing Chapter 7 bankruptcy is straightforward. You will be given a list of the documents which you need to provide our attorney.  You will receive credit counseling and will then make one court appearance. Our attorney will prepare all paperwork and appear in court with you.

Filing Chapter 7 bankruptcy can help you in the following ways:

• You may stop or avoid wage garnishments
• You may stop a utility shut offs
• You will stop creditor harassment
• You may delay an eviction.
• You will have total relief from qualified unsecured debt, such as credit card bills and medical bills, personal loans and gambling debt
• Debt claims can be discharged in as little as three months.
  

20 Common Bankruptcy Myths:

1. I cannot keep my home if I file for bankrtupcy. 
2. I will lose my car if I file for bankruptcy.
3. I will be able to include my back child support.
4. I am being sued for a car accident, it will be discharged in my bankruptcy.
5. I just had a new roof installed I will put the bill in my bankruptcy.
6. Everyone will know that I have filed for bankruptcy. 
7. All my debts will be discharged in my Chapter 7 bankruptcy.
8. I will lose everything I own.
9. I will never have another credit card again, ever.
10. I am married, so my spouse will have to file for bankruptcy too even though they have no debts.
11. It is hard to file for bankruptcy so why bother.
12. Only bad people/delinquents/deadbeats file for bankruptcy.
13. If I include a creditor, like my personal doctor, in my bankrtupcy then I can never pay them back.
14. I can’t get rid of back taxes through bankruptcy.
15. I can only file for bankruptcy once, and I already did so now I am stuck.
16. I can go on a shopping spree with my credit cards, file for bankruptcy and not pay for what I bought.
17. I can include my utility bills in my bankruptcy.
18. I am not responsible for business debt once I file for bankruptcy.
19. I can keep all my assets and file for bankruptcy.
20. I will never be able to buy another house.

Client Documents:

• Checklist of Documents to Bring to First Meeting with Attorney.
  
• Attorney Notice to Bankruptcy Client.
• Personal Property Valuation Sheet
  
• Bankruptcy Questionnaire, 7 or 13
  

There are many reasons you may wish to file for bankruptcy, which may include the following circumstances:

-You are not sure you can afford your bills.

-You had a car repossessed.

-You are facing eviction.

-You are facing forclosure.

-You are going to have your wages garnished.

-Your income has decreased.



You need to decide what your options are.  You need to know how a bankruptcy will affect the rest of your life.  Our office believes in providing personal quality legal representation.  

You will meet with an attorney, not a clerk or information gatherer. Our attorney speaks Spanish, so does our staff but they won't answer your questions.

Our attorney will address your questions and concerns.  Our attorney will assess your personal circumstances to provide you with your best options. 

Bankruptcy is not always your only option.  We will help you decide which options best suits your personal circumstances.  

You may need a Chapter 7 Bankruptcy or a Chapter 13 is the better option.  After a consultation you will know the difference between both.  You will understand which chapter is best suited to your particular circumstances.

Our bankruptcy fees are flat fees and presented in a detailed written retainer.  We offer payments plans to suit your budget.  Call for your consultation today, 1-847-468-1200.