Chicago Bankruptcy

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.