Chapter 7 Eliminates Your Debts

Eliminating Debt in McHenry, Kane, & Lake Counties

Chapter 7 Bankruptcy is a powerful tool that can provide significant benefits for people with debt problems.  If you are struggling with debt, a Chapter 7 Bankruptcy will allow you to:

Eliminate Most Debts – Credit cards, medical bills, loans, utility bills and most other debts are dischargeable in a Chapter 7 Bankruptcy.  You are not alone.  Over 750,000 people filed for Chapter 13 bankruptcy relief in 2019.  Most people who file for bankruptcy are struggling to pay credit card debts and medical bills.  If you are overwhelmed and can no longer afford to pay your bills you need to speak to an experienced bankruptcy attorney.

Stop Creditor Harassment – Creditors are relentless. They call constantly and send harassing letters.  They call your employer, family, and friends.  They threaten to file lawsuits and drag you through the court system.  Bankruptcy may be the answer.  When you file bankruptcy, all collection efforts must stop.  Bankruptcy can put an end to the harassing phone calls, letters, and threats.

Stop Lawsuits and Wage Garnishments – Creditors who are unable to collect debts through collection letters or harassing collection calls often resort to lawsuits and wage garnishments to collect debts involuntarily.  Court appearances and wage garnishments are embarrassing.  The creditors take your hard-earned money to pay the bills you can no longer afford.  They make it harder for you to pay all your other bills with what little income is left.  You can stop lawsuits and garnishments immediately by filing bankruptcy.

Stop Home Foreclosure – Mortgage lenders are filing more foreclosure suits than ever.  If you are=t paying your mortgage, the lender will surely seek to foreclosure your mortgage and take your home.  You and your family may be forced to move quickly.  The lender may even seek to have you pay a deficiency balance if the home is sold for less than the mortgage balance.  Foreclosure can be temporarily stopped by filing bankruptcy, often providing the necessary additional time to find a new home for you and your family.  It also eliminates your obligation to pay any deficiency balance the mortgage lender may seek.

Stop IRS and Other Tax Collections – If you owe taxes you know that the IRS is a persistent creditor.  The IRS will take your future tax refunds, garnish your wages, levy on your bank accounts and put liens on your property.  Contrary to common belief, often times taxes can be discharged in bankruptcy.  Don’t let the IRS take your money needlessly. 

Call (815) 374-7783 today to speak with us. We offer a free case consultation and invite you to speak with us about your case.