If you are struggling with debts that you cannot repay, talk to a bankruptcy attorney sooner rather than later.
Sometimes it is the thought of student loans or possibly losing future educational opportunities that makes debtors delay getting legal advice about bankruptcy as a solution to overwhelming debt. You may have vital questions about the impact of bankruptcy on student loans or other school expenses. We can help.
Can Bankruptcy Resolve My Existing Student Loans?
You may have heard that bankruptcy will not address student loans, so you believe bankruptcy is not a good option for you. While it is true that very few people can completely eliminate student loan obligations, Chapter 13 bankruptcy can effectively address student loan debt by consolidating the payments into one monthly payment you can afford.
With how complex students loans are today, many people are not even aware who they are paying every month, or how much interest they are paying. We can help you examine your student loan debts and create a manageable payment plan.
Our Illinois debt relief attorneys urge you to discuss your specific circumstances with one of our bankruptcy lawyers before reaching any conclusion. Taking into account all the facts of your case, we are confident that we can advise you on how to find debt relief solutions that will apply in your situation.
Can I Keep My Children in Private School? Will I Qualify For Future Student Loans?
Do you need reassurance that filing bankruptcy will not put your children's private school tuition at risk? In fact, tuition may qualify as a "necessary expense" if your local public schools are underperforming.
What about future student loans that you or your teenagers may soon need for college education? In most cases, filing bankruptcy does not mean that you or your son or daughter cannot get student loans. Talk to an attorney to discuss this and other concerns you have about the possibility of filing bankruptcy.
Contact an Experienced Chicago Lawyer To Discuss Your Bankruptcy And Student Loans
With years of experience advising and representing overwhelmed debtors in the Chicago area, Ledford, Wu & Borges, LLC has the answers that you need about school expenses or student loans and bankruptcy. Call 312-574-3327 to schedule a free initial consultation.
Is bankruptcy a potential answer to your debt burdens? The best source of the answers you need about educational needs and bankruptcy is a law firm with the level of experience that we have to offer. Only seven lawyers in Illinois are certified in consumer bankruptcy by the American Board of Certification.* Two are partners at Ledford, Wu & Borges, LLC. Contact us to discuss your unique financial concerns.
*The American Board of Certification is accredited by the American Bar Association and sponsored by the American Bankruptcy Institute and the Commercial Law League of America. Federal law recognizes board certification in bankruptcy. The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law and the certificate, award or recognition is not a requirement to practice law in Illinois.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.