Chicago Chapter 7 Bankruptcy Lawyer
Call (312) 945-7451 to Discuss Your Debt Relief Options
Are you worried about your finances and unable to keep up with your obligations?
Are you struggling to pay your bills and just don't have enough money?
You are probably an excellent candidate for Chapter 7 bankruptcy. This form of
bankruptcy, also known as "liquidation bankruptcy," has incredible benefits,
and you have the right to file if you meet the requirements. If you can't
pay your bills, you probably qualify. Our experienced bankruptcy attorneys
can tell you whether you are eligible for Chapter 7 or if
Chapter 13 is right for your situation.
Why Hire Our Chicago Chapter 7 Bankruptcy Lawyers?
More than 25 years' collective experience
One-on-one service & creative solutions
Attorney with an MBA and tax consultant experience
$850 special offered:
Call us for details
We have two convenient office locations, one in Fullerton and the other
in the Downtown area. Feel free to set an appointment at
our Chicago bankruptcy firm today!
Debts You Can Erase Through Chapter 7 Bankruptcy
The biggest advantage you get in filing for Chapter 7 bankruptcy protection
is that your unsecured debt is discharged. Unsecured debt is debt that
has no collateral, such as:
- Credit card debt
- Personal loans
- Doctor, dentist, hospital and other medical bills
- Utility bills
- Payday loans
- Some older tax bills may qualify
If you qualify for Chapter 7 bankruptcy, some of your property may be liquidated,
or sold, to satisfy creditors. While you can claim
exemption for certain pieces of your property that you deem necessary for your life
to continue as normal – such as a low-cost vehicle or articles of
clothing – you should be aware that other assets of your estate
will be sold, possibly including family heirlooms and investment properties.
Who Can Help Me File for Chapter 7 Bankruptcy?
At our Chicago firm, we can evaluate your situation and help you determine
if you qualify for Chapter 7. If your debt does qualify for a discharge–
even if only partially – that debt is discharged forever; a
creditor can never legally try to collect upon a debt that was erased through Chapter
Filing for Chapter 7 bankruptcy involves several legally required steps,
Completion and submission of the
Certificate of completion of credit counseling from a federally accredited agency
The submission of your bankruptcy petition to the court
Avoid the Costly Pitfalls of the Chapter 7 Process
Bankruptcy is a complex process. When filing for bankruptcy, an oversight
can potentially lead to charges of
bankruptcy fraud. Overlooking an aspect of your estimated estate or incorrectly filling
out paperwork can render you ineligible to file for Chapter 7 bankruptcy
protection. And if you make a mistake on the means test that makes you
appear as if you are making more than Illinois State's median income,
filing for bankruptcy may no longer be an option.
Our professional Chicago bankruptcy attorneys at
Smith Ortiz, P.C. have a combined 25+ years of experience in legal practice, with a strong
focus on tax and finance law. We offer personalized and authentic help
to our clients, and we genuinely want to see you relieved of the stress
financial troubles put on your back. Do not wait another day under the
shadow of bankruptcy.