Preparing For Bankruptcy

Providing Proactive Bankruptcy Advice And Services

While North & Sedgwick Law can file an emergency bankruptcy filing for you if necessary, planning for bankruptcy can provide many benefits. It can protect your assets and help you avoid legal complications. If you are skipping payments or your debts are increasing faster than you can pay them down, you should get legal help as soon as possible.

Paul Camarena at North & Sedgwick Law is an experienced bankruptcy lawyer who provides proactive advice and services to people who have unmanageable debts. Mr. Camarena can review your situation and provide you with concrete steps you can take that can protect your assets and enable you to get the most out of your bankruptcy filing.

Preparing For A Consumer Bankruptcy

Some of the actions you may wish to take prior to filing a Chapter 7 or Chapter 13 bankruptcy include the following:

Don't run up credit card debts — While these can be discharged in bankruptcy, you could be accused of fraud if it can be shown that you incurred these debts with the intention of filing bankruptcy.

Undo improper transactions — In the immediate months before bankruptcy, you cannot transfer significant assets to family or friends.

Get a reliable car — You may want to purchase a more reliable used car without significant mechanical problems.

Get necessary medical and dental care — The key word here is "necessary."

Exemption benefits — Paul Camarena will make the most of the available exemptions, which put property beyond the reach of creditors.

Preparing For A Business Bankruptcy

Some actions that may be advisable prior to filing a small-business bankruptcy include the following:

  • Work with key suppliers to firm up your relationships
  • Prioritize the creditors you wish to repay
  • Develop a customer relations strategy to counter negative reactions that could follow in the wake of your bankruptcy filing

Every bankruptcy case is unique. When you choose North & Sedgwick Law, attorney Paul Camarena will prepare a customized debt relief plan designed to put your business in the strongest financial position possible.

Learn How A Chicago Bankruptcy Lawyer Can Help You Prepare

Contact North & Sedgwick Law to schedule a free initial consultation.

El abogado habla español.

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