You may need to visit a Chicago bankruptcy lawyer for debt consolidation and liquidation help!
If you think you might need the services of a qualified Chicago bankruptcy lawyer, call 1-877-349-1309 today! The bankruptcy law requires debtors to receive credit counseling before they may obtain the services of a Chicago bankruptcy lawyer in addition to other obstacles that make filing difficult.
The bankruptcy law may make it hard for Chicago bankruptcy lawyers to help their clients wipe out credit-card bills and other unsecured loans. It requires the court to apply strict tests to be sure people with the means to do so repay some of their debts.
You may need to go to Total Bankruptcy for immediate help
Total Bankruptcy is an all-inclusive informational Web site designed to help educate consumers on their rights. You may find information on current laws and help locating a Chicago bankruptcy lawyer, who should offer a wide range of information to help their clients make more educated decisions.
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8 S. Michigan Ave Suite 2700 Chicago, IL 60603 Map | Directions | Case Evaluation |
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205 West Monroe 4th Floor Chicago, IL 60606 Map | Directions | Case Evaluation |
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100 W. Monroe, Suite 1310 Chicago, IL 60603 Map | Directions | Case Evaluation |
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1836 W. 95th St Chicago, IL 60643 Map | Directions | Case Evaluation |
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The mission of Total Bankruptcy is to help you determine the reasons you fell into financial straights, the most effective way to resolve your difficulties and to connect you with people who are highly equipped to guide you through whatever resolution is best for you. With the help of an experienced Illinois bankruptcy lawyer, you may be able to eliminate your debt without permanently damaging your credit. You shouldn't delay - call 1-877-349-1309 today or click here for our secure evaluation form to schedule your consultation today.
Chapter 7 and Chapter 13 filings under the current law
To qualify for a Chapter 7 bankruptcy filing most of your debts must be unsecured, such as credit card debts and medical bills. Exemptions may vary by state but typically include your residence, certain items of personal property, tools and work equipment and your vehicle. Currently most of your exemptions should protect all of your assets. If not, your court-appointed trustee may ask to begin liquidation proceedings to pay your creditors. In most cases, however, the trustee may only liquidate if he can obtain enough money from a sale to make a significant payment to your creditors. If creditors are paid or a settlement reached, your debts should be permanently wiped out.
You may qualify for a Chapter 13 if you have a regular source of income to make your monthly payments under your repayment plan. Your debts should not be too high. If your secured debts (which include loans you have secured by liens on your property, such as your home and auto loans, and even IRS tax liens) exceed $922,975, you may not be eligible for a Chapter 13. Also, your unsecured debts may not exceed $307,675 - unsecured debts are debts for which you have not pledged any of your property as collateral - such as most credit card debt, personal loans, and utility bills.
Call 1-877-349-1309 or fill out our free secure online evaluation to see if you may qualify.
Click Here For a Free Bankruptcy Evaluation
The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.