Filing for bankruptcy can seem like a daunting task, but our attorneys are here to help. We can guide you through the process and work to get you the fresh start you deserve.
You may feel like you are at your wit’s end, but know that there is hope. With Chapter 7 bankruptcy, we can help you discharge most of your debt so you can get back on your feet. Do not let debt control your life – contact us today for a free consultation.
Request a free consultation with one of our attorneys today!
Chapter 7 is a type of bankruptcy that allows you to discharge certain types of debt, such as credit card, medical bills, business loans, and even income taxes. The process begins with filing a petition in court. Once the petition is filed, an automatic stay goes into effect which stops collection efforts against you.
Once the case has been approved by the court, all eligible debts are discharged and creditors can no longer pursue payment from you. This means that any outstanding balances on the debt are eliminated and you will be free from further collection attempts. A Chapter 7 bankruptcy stops all lawsuits, collection telephone calls, and harassing letters from credit card companies.
Kaplan Law Offices, P.c. understands that this is a stressful and difficult time for you. We will make sure that your experience in our office will be as stress-free as possible. Our attorneys will work closely with you to ensure that your rights are protected and that you are able to get the fresh start you need.
In order to be eligible for Chapter 7 bankruptcy protection, you must meet certain income guidelines. These guidelines are based on your household size and the median income in your area.
We encourage people to consider Chapter 7 when:
At Kaplan Law Offices, P.C., we understand how stressful these situations can be and will work hard to ensure that you get the fresh start you deserve. Contact us today for a free consultation. We look forward to helping you get a handle on your finances and move forward with a sense of hope.
When filing for Chapter 7 bankruptcy, it is important to understand the process and what to expect. You will need to provide several documents such as recent bank statements, pay stubs, tax returns, and other financial information.
You will be required to attend a meeting with your creditors and a trustee appointed by the court. At this meeting, you will answer questions about your finances and debts. Our attorneys will prepare you for the meeting of creditors and what questions will be asked of you so there are no surprises.
With the legal guidance from the attorneys at Kaplan Law Offices, P.C., creditors can no longer pursue payment from you on the debt and it will be eliminated.
At Kaplan Law Offices, P.C., we have extensive experience in Chapter 7 bankruptcy cases and can help you navigate the process every step of the way. Contact us today for a free consultation. We look forward to working with you and helping you get back on your feet.
Chapter 7 bankruptcy can provide you with a fresh financial start. Once a Chapter 7 case is filed, most debt is eliminated and creditors can no longer pursue payment from you. All harassing telephone calls, collection letters and lawsuits come to an immediate stop when you file for Chapter 7 bankruptcy. This provides immediate relief from collection efforts and can help you get back on your feet.
In addition to discharging eligible debts, Chapter 7 bankruptcy also helps to rebuild your credit score over time. While filing for bankruptcy will have an initial impact on your credit score, it is possible to rebuild it over time with responsible financial habits and by using secured lines of credit.
The best way to determine if Chapter 7 bankruptcy is right for you is to consult with a qualified attorney. Our attorneys at Kaplan Law Offices, P.C. will review your financial situation and help you make an informed decision about the best course of action. We will discuss all available options and provide you with honest advice throughout the process.
Contact us today for a free consultation so we can help you move forward with confidence!
A: The amount of time it takes to receive a discharge can vary depending on the complexity of your case. Generally, you can expect the process to take 3 – 4 months to finish a Chapter 7 bankruptcy.
A: Yes, there are several court and administrative fees that must be paid prior to filing. We will provide more information about these costs during our free consultation.
A: In most cases, no. Most people who file for Chapter 7 can keep their assets, such as their home and car. However, it is important to discuss your specific situation with an attorney so that you understand the implications of filing for bankruptcy.
A: Filing for Chapter 7 can actually have a positive impact on your credit score, because a Chapter 7 bankruptcy generally “cleans up” the bad credit that you already have. Over time, with good financial habits, your credit score will increase as you rebuild your credit history.
Most of Kaplan Law Offices, P.C.’s clients get new credit cards and vehicle loans within a year after they are discharged from a Chapter 7 bankruptcy. As you continue to rebuild your credit, the terms of your credit – that is, interest rates and finance charges – will be better and more competitive. Yes, there is financial life after bankruptcy.
Our attorneys can provide more information about rebuilding your credit during our free consultation. If you are considering filing for Chapter 7 Bankruptcy in Northbrook IL, contact Kaplan Law Offices, P.C.
Northbrook is situated in the northern suburbs of Chicago, IL, and is a wonderful place to live, work and raise a family. It has easy access to shopping areas, restaurants, parks, entertainment venues, and educational institutions. The school district provides top-notch education opportunities for children in both public and private schools. Additionally, Northbrook offers great cultural attractions such as the Ravinia Festival of Music and the popular North Shore Summerfest. Residents can also enjoy various outdoor activities at nearby forest preserves or recreational centers like Carol Stream Park or Spring Valley Nature Center. With its excellent amenities, safe neighborhoods, and vibrant community spirit, it’s no wonder that so many people choose to make their home here in Northbrook IL!
Kaplan Law Offices, P.C.’s is dedicated to representing people against insurance companies taking advantage of their suffering as well as in situations where you or your loved one has been injured in an accident, slip and fall, nursing home abuse, and medical malpractice by negligent individuals. In cases when you need bankruptcy protection from creditors, we protect your rights against collection agencies and banks.
