If you live in the Chicago area and your debts are piling up faster than you can pay them off then you may need to find a Chicago bankruptcy attorney.
Recent statistics have shown that Americans now have a negative savings rate and that the average American has over $5,000 in credit card. The average debt per American has been steadily rising over the past 20 years and so has the number of total bankruptcies and Chicago bankruptcies.
If you are looking to file a bankruptcy in Chicago then you are in luck because there are ton of Chicago bankruptcy lawyers around. Chicago bankruptcy attorneys are some of the best ones in the business and they will help you to get through the bankruptcy process without losing your home, car, or wages.
The Chicago bankruptcy law is exactly the same as the bankruptcy law in the rest of United States. In fact, the bankruptcy code was established by the US government and is the same in all cities and states. If you go to Chicago bankruptcy court to file a personal bankruptcy you will have the option of filing a chapter 7 or chapter 13. The chapter 7 and chapter 13 are the two most common bankruptcies filings.
If you are sick and tired of having collection agencies and bill collectors harassing you day and night then you should consider a Chicago bankruptcy. Once you make the decision to file for a bankruptcy you can tell your creditors immediately and then they will be legally required to stop calling you or trying to collect the debts that you owe them.
If you are seriously considering filing a Chicago bankruptcy you must first realize that it is a last resort and you should consider all other potential ways of solving your money problems first. Filing for bankruptcy will put you back financially for years and paying off your debts on your own, if at all possible, would be your best solution. If you are considering making this decision then we suggest you set up a free consultation with a Chicago bankruptcy attorney and get the advice of a true professional within the field.
*The above article about Chicago bankruptcy is in no way considered legal advice. I am not a professional in the field and I suggest that you contact a professional about your situation before making any decisions.
Friday, September 12, 2008
Monday, September 8, 2008
Do It Yourself Bankruptcy
If you are interested in filing for bankruptcy but want a do it yourself bankruptcy then you have found the right place.
Filing for a chapter bankruptcy can be very expensive and usually people that are in the most need don't have the money that it takes to get a bankruptcy attorney. If you are in this situation then you should consider some type of do it yourself bankruptcy. A do it yourself bankruptcy is defined as declining the option of getting an attorney and proceed with a bankruptcy alone.
If you are short on funds our recommendation is to do a modified version of the do it yourself bankruptcy. We suggest that you get a bankruptcy lawyer but do as much of the filing as humanly possible on your own. This includes filing some of the paperwork yourself and only having your attorney present when absolutely necessary. Our suggestion here is a somewhat modified version of a do it yourself bankruptcy that will save your lots of money.
The chapter 7 and chapter 13 bankruptcy filings are just to complicated to do on your own and in our opinion you will at least need a lawyer for some of it. We do not in anyway recommend that you file for your bankruptcy 100% independently.
If your chapter bankruptcy only includes a few assets and is very basic then sure you might be able to DIY but this is unlikely for the average American. Average bankruptcy cases include over 25 pages of paperwork that are written in legal terminology that average people will not understand. If you do not know what you are doing and you happen to make mistakes on the bankruptcy paperwork then you could cause yourself all kinds of problems. For example, bankruptcy form mistakes could cause you to have your case delayed or dismissed, debt liquidations challenged, or even cause you to lose more assets than necessary.
If you are considering filing a do it yourself bankruptcy we strongly encourage you to go ahead and hire a lawyer to at least give you advice and look over all of the bankruptcy forms that you are filling out. We also recommend you take a look at do it yourself bankruptcy forms and do it yourself bankruptcy software and see if you feel like you are capable of doing some of the filing on your own.
We also suggest that you explore all bankruptcy alternatives before moving forward. A chapter bankruptcy filing is a very important decision that will have major impacts on your future and is something that should be thought about long and hard before deciding what to do.
Filing for a chapter bankruptcy can be very expensive and usually people that are in the most need don't have the money that it takes to get a bankruptcy attorney. If you are in this situation then you should consider some type of do it yourself bankruptcy. A do it yourself bankruptcy is defined as declining the option of getting an attorney and proceed with a bankruptcy alone.
If you are short on funds our recommendation is to do a modified version of the do it yourself bankruptcy. We suggest that you get a bankruptcy lawyer but do as much of the filing as humanly possible on your own. This includes filing some of the paperwork yourself and only having your attorney present when absolutely necessary. Our suggestion here is a somewhat modified version of a do it yourself bankruptcy that will save your lots of money.
The chapter 7 and chapter 13 bankruptcy filings are just to complicated to do on your own and in our opinion you will at least need a lawyer for some of it. We do not in anyway recommend that you file for your bankruptcy 100% independently.
If your chapter bankruptcy only includes a few assets and is very basic then sure you might be able to DIY but this is unlikely for the average American. Average bankruptcy cases include over 25 pages of paperwork that are written in legal terminology that average people will not understand. If you do not know what you are doing and you happen to make mistakes on the bankruptcy paperwork then you could cause yourself all kinds of problems. For example, bankruptcy form mistakes could cause you to have your case delayed or dismissed, debt liquidations challenged, or even cause you to lose more assets than necessary.
If you are considering filing a do it yourself bankruptcy we strongly encourage you to go ahead and hire a lawyer to at least give you advice and look over all of the bankruptcy forms that you are filling out. We also recommend you take a look at do it yourself bankruptcy forms and do it yourself bankruptcy software and see if you feel like you are capable of doing some of the filing on your own.
We also suggest that you explore all bankruptcy alternatives before moving forward. A chapter bankruptcy filing is a very important decision that will have major impacts on your future and is something that should be thought about long and hard before deciding what to do.
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