For individuals or families overwhelmed by credit card bills, medical debt and other financial burdens, Chapter 7 bankruptcy can be a very powerful tool. It allows qualifying individuals to completely eliminate or "discharge" all unsecured debts.
North & Sedgwick Law is an Illinois bankruptcy firm dedicated to helping people like you free themselves from debt and start again. Chicago Chapter 7 bankruptcy lawyer Paul Camarena has been practicing in federal court for the past 10 years. He is also a certified public accountant (CPA). You can count on him to fully explain your rights under the U.S. Bankruptcy Code and guide you toward a positive solution.
How Chapter 7 Can Help
As soon as you file for Chapter 7 bankruptcy, the court will issue an automatic stay on your behalf. This automatic stay orders an immediate stop to creditor harassment, debt-related lawsuits against you, wage garnishment and more. It will also temporarily halt home foreclosure, giving you a chance to stay in your house longer and evaluate your options.
Most importantly, Chapter 7 makes it possible to wipe away unsecured debts. Learn more about which debts are dischargeable and which are not.
How To Qualify For Chapter 7
To qualify for this type of bankruptcy, you must take a means test. This is a simple financial assessment. It is used to compare your income and expenses with the average in your area. Even if you do not qualify for Chapter 7, however, do not give up. You will likely qualify for Chapter 13 bankruptcy instead.
Learn More From A Cook County Debt Relief Lawyer
Schedule a free initial consultation with an attorney by calling North & Sedgwick Law at 312-878-8429. 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.