Bankruptcy Attorney in Glen Ellyn
Debt has a way of creeping up as the months go by, until you wake up one day to discover that you can’t afford to meet your financial obligations any longer. If that happens, you may find yourself panicking and wondering if there is any possible way to escape financial ruin. The answer may lie in bankruptcy, which offers you a legal way to resolve your unpaid debts and begin working toward a stable, secure future. If you’re considering filing for bankruptcy in Glen Ellyn, Illinois, Cutler & Associates, Ltd. can provide you with the advice and representation you’re looking for.
Why Bankruptcy May Be Right for You
Many people worry that bankruptcy means that they are irresponsible or reckless. In fact, anybody can find themselves in a situation where they cannot afford to pay their bills. You may have lost your job, had medical bills that were too high for you to pay, or found yourself having to take care of a sick loved one. Bankruptcy should be a last resort, but it is not something you should be ashamed of. When you declare bankruptcy, it means that your current debts are either discharged—that is, eliminated—or paid off through a special payment plan or the liquidation of your nonexempt property. In addition, an automatic stay will be placed on your creditors. This means that any pending lawsuits against you will be halted, foreclosures will be stopped, any garnishment of your wages will be prevented, and creditors and collection agencies will no longer be able to contact you.
How Our Bankruptcy Attorneys’ Services Can Benefit You
Most people have not declared bankruptcy before, so it’s understandable that they have plenty of questions about how the process works. You can get your questions answered by consulting with our legal team. Our attorneys can examine your situation and advise you regarding whether bankruptcy is your best option at this moment, and whether chapter 7 or chapter 13 bankruptcy will be right for you. We’ll make sure that the process goes smoothly from start to finish, helping you prepare your filing paperwork and ensuring that your interests are represented.