Also referred to as "liquidation," "straight," "total" or "fresh start" bankruptcy, Chapter 7 allows people to wipe away much of their outstanding debt and essentially start over when it comes to their finances. Not everyone, however, can qualify to file for Chapter 7 bankruptcy.
We'll Help You Understand If You Qualify
In order to qualify for Chapter 7 bankruptcy, your income cannot be over a set amount determined by Illinois. If your income is above this set amount, you may be better suited for a debt reorganization bankruptcy. You must also take a credit counseling course prior to filing for bankruptcy, as well as a financial course after filing.
Experienced Guidance At Every Stage Of Your Chapter 7 Bankruptcy
At Ledford, Wu & Borges, LLC, we work closely and carefully with you throughout the bankruptcy process. In addition to helping you determine eligibility, our experienced attorneys will:
- Ensure you understand Chapter 7 protection, including helping you with all of the paperwork you need to file
- Represent you at the "Meeting of Creditors"
- Inform you which debts you can discharge and those you cannot
- Answer your questions about Chapter 7 fully and honestly
- Help you create a path to a better financial future
Get A Free Consultation With An Experienced Attorney
Our bankruptcy lawyers put their extensive experience and knowledge to the benefit of our clients every day. It is how we have become a leading Chapter 7 bankruptcy law firm in Chicago, Illinois, having helped over 50,000 people get out from overwhelming debt. Contact our offices online or call 312-574-3327 to schedule an appointment to speak with an attorney. We are ready to help.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.