How can we Help You?
Stop Harassing Collections and Eliminate Debts
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy is a form of bankruptcy meant to eliminate debts. In order to qualify, a person or married couple, must have household income below a certain threshold. We determine whether or not you qualify at an initial consultation.
If you qualify then we can file a petition with the Bankruptcy Court in Benton, Illinois. Once the petition is filed an “automatic stay” goes into effect. What that means is that we tell your creditors (bill collectors) that you are in bankruptcy and they have to stop harassing you including, contacting you, or pursuing legal action against you.
After the petition is filed the bankruptcy trustee will conduct an examination at a “§341” hearing. In most bankruptcies a “discharge” of debts follows shortly after the §341hearing. Once the debt is discharged your creditors may no longer pursue you for that debt.
Contact us today to set up an initial consultation so that we can help see if you qualify for a Chapter 7 Bankruptcy!
Stop Foreclosure and Re-Organize Debts
Chapter 13 Bankruptcy
Sometimes debts cannot be eliminated in a Chapter 7 Bankruptcy. Chapter 13 Bankruptcy is meant to help those people who cannot qualify for a Chapter 7 because they either have too much household income or, their assets are too great.
One common reason for filing a Chapter 13 is that a person owns a home and has had trouble with their mortgage or other bills and needs help getting caught up. A Chapter 13 bankruptcy stops (pre-petition) foreclosure and other collection activity. A bankruptcy plan is created which reduces your regular monthly payments to make them manageable. After five years the bankruptcy is over.
Contact us today to schedule an appointment so we can advise you about whether a Chapter 13 Bankruptcy is right for you.
File a Claim in a Bankruptcy Proceeding
Have you received a notice of bankruptcy from someone who owes you a debt? We help individuals and businesses file claims in Bankruptcy Court. Don’t miss out, important timelines could be running on your ability to file a claim.
Contact our office today to schedule an appointment so that we can get your claim on file!
Need a Bankruptcy Litigator?
Do you have a complicated bankruptcy? Has the trustee or creditor instituted an “Adversary Proceeding”? Sometimes the Bankruptcy process does not go as smoothly as hoped. Thats usually when an “adversary proceeding” takes place.
Bankruptcy law doesn’t normally require adverse hearings or litigation. As a result, bankruptcy attorneys often view their work as “transactional” -much like an accountant – so, many bankruptcy attorneys do not handle adversary proceedings.
We have over 35 years of experience in the field and are extremely comfortable in litigating in bankruptcy court. If you need bankruptcy litigation services contact our office today to set up a consultation so that you can see how we can help.
To be bankrupt means, for a person or organization to be declared by law as being unable to pay his or its debts. General History The founders of the United States thought it was important for an individual to be absolved of debts. They came from a England where people could be thrown into “debtor’s…