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The Benefits of Bankruptcy

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The Benefits For Filing Bankruptcy In Chicago

Chicago Bankruptcy Clinic provides informed representation and dependable services to Illinois consumers. If you are experiencing financial troubles, we can help you take advantage of the benefits of bankruptcy. Well-versed in the applicable provisions of the U.S. Bankruptcy Code, we regularly help our clients file for personal bankruptcy.

When you consult with us, we will determine whether Chapter 7 or Chapter 13 bankruptcy is the best option for you. The benefits of each form of bankruptcy depend on your financial circumstances. Our experienced bankruptcy attorneys leverage their knowledge and skills to protect your interests.

At Chicago Bankruptcy Clinic, we offer free consultations and affordable payment plans. The sooner you contact our office, the sooner you can learn about the benefits of bankruptcy and take action to protect your financial future.

The Benefits of Chapter 7 Bankruptcy

If you are struggling with debt, filing for Chapter 7 bankruptcy can help you restore your financial stability. Some benefits of Chapter 7 bankruptcy include:

The best way to take advantage of the benefits of Chapter 7 bankruptcy is to work with an experienced bankruptcy lawyer. When you consult with Chicago Bankruptcy Clinic, we will take the time to explain the bankruptcy process and work to help you eliminate your debts.

Benefits of Chapter 13 Bankruptcy

Chapter 13 bankruptcy allows debtors to repay their obligations through a court-approved repayment plan over a period of 3 to 5 years, depending on their debt and income levels.

A typical repayment plan involves making monthly payments to the bankruptcy trustee, who distributes payments to creditors. For those who qualify, Chapter 13 bankruptcy offers a number of benefits, such as:

While a Chapter 13 bankruptcy only remains in your credit report for 7 years (as opposed to up to 10 years for a Chapter 7 filing), all your disposable income must go to repaying your debt, which could limit your options. The best way to determine whether filing for Chapter 7 or Chapter 13 bankruptcy is the right option for you is to consult with the legal team at Chicago Bankruptcy Clinic.

Contact Our Experienced Chicago Bankruptcy Attorneys

There are a number of benefits to bankruptcy, but it takes a skilled bankruptcy lawyer to protect your interests. At Chicago Bankruptcy Clinic, we have a well-earned reputation for providing our clients with trustworthy advice and helping then make a fresh start. If you are struggling with insurmountable debt, don’t delay. Contact our office today for a free consultation with one of our bankruptcy lawyers.

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