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Rosemont Bankruptcy Lawyer

Few people want to think about the possibility of declaring bankruptcy. If you are deeply in debt, however, bankruptcy may be your most viable option. When you need to consider declaring bankruptcy, it’s essential that you have the expert guidance of an experienced bankruptcy attorney. If you are confronting a difficult financial situation that may necessitate filing for bankruptcy in Rosemont, Illinois, the team at Cutler & Associates, Ltd. can provide you with the legal advice you need.

How Our Legal Team Can Help You With Your Bankruptcy Case

When you’re in serious debt, you may be faced with losing your home, having your wages garnished, having your property repossessed, and having your day constantly interrupted by calls from debtors. If this is the case, filing for bankruptcy can offer you a way out. Bankruptcy is a serious and complex subject, however, and most people don’t have the legal background necessary to know how to navigate the process with confidence. That’s where we come in. Our seasoned legal team can examine your financial situation and help you decide whether declaring bankruptcy really is the best way forward for you. We can also help you determine what chapter of bankruptcy is appropriate for your circumstances. If your life is being affected by constant phone calls and letters from debt collectors, we can put a stop to them immediately. Our bankruptcy attorneys can provide you with the information you need to make the right decisions for your financial future.

Our Areas of Expertise

  • Chapter 7 Bankruptcy. If you fall below a certain income bracket and do not have very much disposable income, chapter 7 bankruptcy is probably the best option for you. Under chapter 7, your nonexempt property will be sold to pay off as much of your debts as possible. This chapter can eliminate nearly all of your unsecured debts, with some exceptions such as child support and student loan payments.
  • Chapter 13 Bankruptcy. If your income is too high for you to qualify for chapter 7, then chapter 13 bankruptcy is probably the option you should go with. Under this chapter, a repayment plan will be drawn up to permit you to pay off your debts using your monthly income, rather than selling your property. If you are hoping to keep a house or a car that you are making payments on, chapter 13 can make this possible.

Call Us Today to Get Started Working Toward Your Financial Freedom!