Should I File For Bankruptcy?

When it comes to seeking freedom from debt, you may have many questions. "What options do I have? Should I file for bankruptcy? Is it ethical and legal to get out of what I owe?"

North & Sedgwick Law is here to answer your questions and direct you to a personalized solution that will meet your unique needs. The firm's bankruptcy lawyer, Paul Camarena, serves individuals, families and businesses in Chicago and throughout the surrounding areas of Illinois.

Filing bankruptcy can be a very effective tool for eliminating debt and beginning again. However, every person's circumstances are different. In general, you may want to consider filing for bankruptcy if any of the following apply:

  • You have overextended yourself financially and cannot pay off your debts, no matter how hard you try.
  • You are looking for an interest-free way to pay off as much debt as you reasonably can.
  • Creditors keep calling you and demanding payment.
  • Your home is being foreclosed upon or your car is being repossessed.
  • You are losing a significant part of your hard-earned paychecks to wage garnishment.
  • You have too many business debts, threatening your company's future.

You Have The Legal Right To Seek Debt Relief

In recent years, Congress has given bailouts to numerous large banks and other U.S. companies. The government has also provided a way for individuals and small-business owners to obtain financial relief as well. Under federal bankruptcy laws, you have the right to pursue a fresh start. It is completely legal, so you do not need to feel any shame about exercising this right.

Learn more about the benefits of bankruptcy.

Contact An Experienced Chicago Bankruptcy Lawyer

If you are trying to decide whether to file for bankruptcy, take advantage of a free initial consultation with attorney Camarena to discuss your particular situation. Simply call North & Sedgwick Law at 312-878-8429 to arrange an appointment. You can also contact the firm via email.

El abogado habla español.

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