Are you in extreme debt? Do you feel constantly stressed about your finances?
If you are facing foreclosure,
repossession of your vehicle, or
wage garnishment, it is time to contact our
Chicago bankruptcy lawyer at Smith Ortiz, P.C. We can help you find a solution and work toward a
fresh financial start. It's time to put money problems behind you.
Our lawyers have
more than 25 years of shared experience in bankruptcy and debt relief, as well as extensive experience in business law. In fact, one of our founders
not only has a law degree but also holds an MBA. We bring a wealth of experience and knowledge to consumers and business
owners who are in need of financial advice.
What Can Bankruptcy Do for Me?
While the word "bankruptcy" tends to scare people away, bankruptcy
is a completely legal and honorable way for financially struggling Americans
to start fresh on their way to financial independence. If mounting debt
and constant harassing collection efforts have caused you to feel overwhelmed,
our highly knowledgeable attorneys can examine your situation and help
you find a solution that works for your unique situation.
Filing for bankruptcy can help:
- Stop all collection efforts
- Reduce or eliminate your outstanding debts
- Reorganize your debt
- Protect you from losing your home
- Restore your credit health
Chapter 7 vs. Chapter 13 Bankruptcy in Chicago
Chapter 7 bankruptcy, a person is able to completely eliminate any unsecured debts
by liquidating certain personal assets to satisfy creditors. While this
method can allow a person to discharge their debt completely, it can potentially
require a person to sell their home. In order to qualify for Chapter 7
bankruptcy, a person must first pass a "means test" that compares their monthly income to their existing debt. If a
person does not qualify for Chapter 7, Chapter 13 bankruptcy may be an
Instead of liquidating a person's assets,
Chapter 13 bankruptcy involves creating a 3-5 year repayment plan for all or part
of their outstanding debts. While some debt can be discharged via this
method, the majority of all debts are to be repaid in accordance with
the established plan.
At Smith & Ortiz, P.C., our skilled team of Chicago bankruptcy lawyers
can use their vast legal expertise to determine the most appropriate course
of action for your specific situation and guide you step-by-step towards
a debt-free future. With our compassionate advocacy and extensive experience
on your side, your case is sure to be in excellent hands.
Paving the Way Toward
When debt has taken control of your life, it can feel as if you'll
never overcome such a significant hurdle. Fortunately, you are not alone.
Focused solely on bankruptcy, our firm is constantly challenging ourselves to learn more about the
law so we can deliver better results and a better client experience. We
take pride providing compassionate and thorough legal guidance during
your time of need.
to Each Client
In every single case, we work with our clients on an individual basis.
The first step we take is a full review of your financial situation so
we can take action to get you the maximum in debt relief. In many cases,
filing for Chapter 7 in Chicago is the preferred option, as this allows
for the discharge of unsecured consumer debt. Once the
debts are discharged, the debts are gone – forever.
Filing for bankruptcy allows a debtor to start fresh with a clean financial
slate, and our firm wants to help you achieve exactly that. While the
bankruptcy process can be complicated, we are prepared to walk with you
every step of the way until your case has been successfully resolved.
Our Chicago bankruptcy attorney has helped 100s of people achieve a favorable
outcome – let us do the same for you.
No matter what your situation is, our bankruptcy attorney in Chicago can
find a solution that will be in your best interests.
Call us today for the trusted legal help you deserve.