The Bankruptcy Process

Many people believe that the bankruptcy process is difficult and complex and that eliminating their debt is an impossible goal. This is not true. With the help of a qualified Chicago lawyer, filing for bankruptcy can be incredibly simple and stress-free.

At North & Sedgwick Law, Illinois clients find professional and knowledgeable help through every step of the process. In most cases, the firm can help clients complete all necessary paperwork within only a few hours. In fact, 90 percent of all bankruptcy cases require only one meeting with a lawyer and no court appearances at all.

What To Expect From The Process

Most bankruptcy cases proceed along similar lines. In general, you can expect to:

  • File a bankruptcy petition: As soon as you file the petition, the court will grant an automatic stay on your behalf. This will put a swift stop to wage garnishment, creditor harassment, car repossession proceedings and more.
  • Attend a 341 meeting: You and your bankruptcy trustee will meet together briefly approximately 20 to 40 days after you file. Your creditors will also be informed of the meeting, but in most cases, they choose not to attend.
  • Have your debts discharged: If you are approved for Chapter 7 bankruptcy, you can expect to have all your unsecured debts (medical bills, etc.) discharged in approximately 60 days.
  • Follow any repayment plans: If you filed for Chapter 13 bankruptcy, you will be required to make interest-free payments over the next three to five years.

Contact A Chapter 7 And Chapter 13 Attorney In Cook County

With the assistance of an attorney, the bankruptcy process is simple, and yet the advantages can be profound. Schedule a free initial consultation and learn if bankruptcy is right for you. 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.