Joliet Chapter 7 Bankruptcy Attorneys
Dealing with crushing debts can seem like an endless cycle of bills, credit card statements, and hounding creditors. Many people in this situation do not know what to do next, but fortunately, bankruptcy can provide many individuals with the relief that they need. Specifically, filing for Chapter 7 bankruptcy can allow debtors to eliminate many of their outstanding debts and secure a fresh financial start.
The experienced Joliet Chapter 7 bankruptcy lawyers at the Law Offices of Stuart B. Handelman understand that you may have questions about whether or not bankruptcy is the right option for you, and we are here to provide you with the information and advice that you need. If you have concerns about your options, eligibility, and rights, contact our offices at 815-722-2201.
How We Can Help
When a person files and is approved for Chapter 7 bankruptcy, many of their unsecured debts will be discharged, or eliminated completely. Some loans that are currently on a payment plan such as mortgages, auto payments, and student loans will remain, but many others will be forgiven. This debt forgiveness makes it much easier for individuals to manage any debts that are not dismissed through bankruptcy.
At the Law Offices of Stuart B. Handelman, our compassionate Joliet Chapter 7 bankruptcy lawyers are prepared to help you with questions pertaining to:
- Benefits of Chapter 7 Bankruptcy
- The Means Test and Chapter 7 Bankruptcy
- Dischargeable and Non-Dischargeable Debts
- Small Business Liquidation
- How to Prepare for Chapter 7 Bankruptcy
Each bankruptcy case has its own nuances, so it is imperative that you retain the services of a knowledgeable attorney when preparing for your case. There are however, some tips that can help you avoid unnecessary complications. These include:
- Do not pay off a credit card, because this may make it more difficult to receive a discharge when your situation is being reviewed.
- Do not transfer any property.
- Do not take out large sums of cash or request cash advances on your credit cards.
When you are preparing to file, you will meet with your attorney at what is called a Section 341 Meeting. The goal of this meeting is to review your non-exempt assets and give creditors a chance to ask you questions about your financial situation. The majority of the time, though, they will not choose to attend. These meetings generally take an hour or less and are often the last official obligation you have before receiving your discharge papers and securing the financial relief that you need.
If you are struggling under seemingly insurmountable levels of debt, you do not have to suffer any longer. Bankruptcy can provide you with the relief that you need and allow you to regain control of your finances and credit. Do not hesitate to take decisive action and contact an understanding and qualified Joliet Chapter 7 bankruptcy lawyer at the Law Offices of Stuart B. Handelman today by calling 815-722-2201.