Chicago Benefits of Chapter 7 Bankruptcy Lawyers
Unfortunately, the term bankruptcy has a negative connotation across the United States as an admission of financial failure or ruin. Nothing could be farther from the truth. Filing for bankruptcy is actually an opportunity to get a fresh financial start so you can rebuild your credit score. A successful Chapter 7 bankruptcy filing can lead to the discharge, or forgiveness, of certain kinds of debts.
The time to take control of your future is now. At the Law Offices of Stuart B. Handelman, P.C., we are dedicated to helping you file for bankruptcy correctly and legally. If you or someone you know is facing mounting financial problems, it may be appropriate to consider bankruptcy. Contact the Chicagoland Chapter 7 bankruptcy attorneys at the Law Offices of Stuart B. Handelman, P.C., at 312-360-0500 to learn more about the benefits of Chapter 7 bankruptcy.
How Chapter 7 Can Help You
Filing for Chapter 7 bankruptcy can be complicated and may require you to give up certain assets in exchange for debt forgiveness, though this is unnecessary in many filings. There are also significant advantages. Some of the possible benefits of Chapter 7 bankruptcy include:
- Getting out of debt in a timely manner. The average Chapter 7 bankruptcy case takes roughly four to six months.
- An automatic stay is imposed on creditors. This prevents these parties from contacting a filer or attempting to proceed with further collection efforts.
- Repairing your credit score. Even though bankruptcy stays on your record, Chapter 7 bankruptcy helps you to put an end to ever-increasing late payments and allows you to begin working to rebuild your credit.
Living with excessive debt can lead to substantial emotional distress. This, in turn, can have an adverse effect on one’s physical health and interpersonal relationships. Filing for bankruptcy can help to put an end to this.
Contact Us
At the Law Offices of Stuart B. Handelman, P.C., our Chicagoland Chapter 7 bankruptcy lawyers will help you every step of the way so you can get out of debt and on with your life. Contact us today at 312-360-0500 to schedule a free consultation.
