Schaumburg Chapter 7 Bankruptcy Attorney

Schaumburg Debt Relief Attorney

Chapter 7 bankruptcy is the fastest type of consumer bankruptcy. It is known as a liquidation bankruptcy, although in reality most people do not have to liquidate any of their assets. This type of bankruptcy enables you to discharge the majority of your debt and get a fresh start in a matter of months. However, the process is not a simple one, which is why you need the help of an experienced attorney. You can find one at the Law Offices of Robert M. Kaplan, P.C., in Schaumburg, Illinois. We will help you overcome your debt.

Do You Qualify For Chapter 7 Bankruptcy?

Some people never contact a lawyer about debt relief because they think that they do not qualify for bankruptcy. If you are overwhelmed with debt and the creditor harassment has become nonstop, you most likely qualify for bankruptcy. We will use the means test to determine if you qualify for Chapter 7. If you do not qualify for Chapter 7, or if this type of bankruptcy does not make sense in your situation, you may still be able to file Chapter 13.

What Does Chapter 7 Stop?

As soon as you file Chapter 7 bankruptcy, an automatic stay goes into place, which orders creditors to cease all actions against you. Not only does this mean no more harassing phone calls or letters, it means that all of the following must stop:

  • Home foreclosure
  • Repossession of cars and other property
  • Wage garnishment

Of course, the true benefit of bankruptcy is that it eliminates debt. Through Chapter 7, you will be able to discharge the majority of what you owe, including credit card debt.

Free Consultations Are Available

To discuss your case with a Schaumburg Chapter 7 bankruptcy attorney, contact us today. Our office is open from 9 a.m. to 5 p.m. Monday through Friday. Evening and weekend appointments are available.