Our Chicago Bankruptcy Lawyers Will Explain Your Options

Everyone's situation is different, and the type of bankruptcy that is right for someone else may not be right for you. You may even find that a solution outside of bankruptcy will provide the debt relief you need.

North & Sedgwick Law is here to explain your options based on the facts of your situation. The firm's bankruptcy lawyer, Paul Camarena, serves individuals, families and businesses in Chicago and throughout the surrounding areas of Illinois.

Your Debt Relief Options

If you are dealing with debt problems, your options may include:

  • Chapter 7 bankruptcy: For many people, Chapter 7 bankruptcy provides the simplest and fastest form of debt relief. However, Chapter 7 bankruptcy may not protect all of your assets. In addition, not all debts can be discharged in a Chapter 7 bankruptcy filing. Attorney Camarena will review your assets, debts and income to determine if Chapter 7 bankruptcy is right for you.
  • Chapter 13 bankruptcy: If you are not eligible for Chapter 7 bankruptcy, you have assets you would lose in a Chapter 7 bankruptcy filing, or you have nondischargeable debts, Chapter 13 bankruptcy may provide a solution.
  • Debt settlement: Debt settlement may provide a solution in a few limited circumstances. However, many people who choose debt settlement spend thousands of dollars only to end up deeper in debt.
  • Debt negotiation: Sometimes the threat of a bankruptcy filing will make a creditor more willing to negotiate.

Contact A Chicago Attorney Will Help Rebuild Your Credit Scores

For more information about whether bankruptcy is right for you, contact attorney Camarena for a free initial consultation. Simply call North & Sedgwick Law at 312-878-8429 to arrange an appointment. You can also contact the firm via email.

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†The firm is a debt relief agency and helps people file for bankruptcy relief under the Bankruptcy Code.