Family Income Loss and Bankruptcy

When there is a sudden death in the family, you could be facing more than just an emotional loss. The sudden loss of a family income can often be more than you are ready to handle, and without this income, your debts could quickly mount. However, many people who are facing the devastating loss of income due to a death in the family have found comfort in the bankruptcy process.

If you or someone you love is facing a sudden loss of income due to an unexpected death in the family, comfort may be closer than you think. At the Law Offices of Stuart B. Handelman, our Chicago bankruptcy attorneys are committed to making this difficult time easier for our clients. Contact us today to discuss your financial situation, at 312-360-0500.

Unexpected Costs

When you are dependent on a person’s income and are suddenly deprived on that income, you may be left facing high costs of living that you didn’t have to worry about before. Some of these costs may include:

• Vehicle payments
• Mortgage / house payments
• Child support
• Costs of daily living
• Other costs

Facing the death of a loved one can be difficult for anyone, but this can be especially hard for those who were dependent on that loved one’s income for financial support. Filing for bankruptcy can help some families reorganize their finances to suit a new lifestyle, in the event of a sudden loss of income.

Contact Us

If you are suffering emotionally and financially from the sudden loss of income due to a death in the family, contact the experienced and compassionate Chicago bankruptcy lawyers of the Law Offices of Stuart B. Handelman today at 312-360-0500.