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Streamwood Bankruptcy Lawyer

Constant calls from debt collectors are only the beginning of the potential consequences of outstanding debt. If you continue to let debt go unaddressed and are not able to catch up on payments, you may lose your home in a foreclosure, have your car and other property repossessed, and be threatened with lawsuits that could result in wage garnishment. You can avoid these consequences and stop the calls from creditors by connecting with a bankruptcy lawyer serving Streamwood. At Cutler & Associates, Ltd, you’ll find the bankruptcy representation you need to get your finances back on track and relieve you of some or all of the burden of your debt.

Your First Visit in Our Office

The first step toward filing bankruptcy is calling our office for a free evaluation. During this first visit with our firm, you will sit down to discuss your financial situation and learn if bankruptcy or debt consolidation may be right for you. If not, alternative solutions are available to help you work with your creditors and secure a more affordable payment plan. If bankruptcy is the right course of action, our team can represent you throughout the complex process and help you get started on the right foot following bankruptcy proceedings. When you visit us to discuss your case, you should be prepared to talk about:

  • Your financial statements. You will want to bring information related to any savings accounts or other funds in your name, and you should have a general idea of how much you can afford to make in monthly credit card and mortgage payments. You may also want to bring along paystubs to provide an accurate picture of your income. You do not need to have all financial statements available during your consultation, but bringing more information will allow us to make a more accurate assessment of your needs.
  • Your total debt. Along with estimating how much money you have, you should know roughly how much unsecured debt you are facing.  Keep in mind that certain types of debt, including student loan debt, will not be forgiven even after you file bankruptcy.  

Your Bankruptcy Options in Streamwood

When individuals file for bankruptcy, they will typically file chapter 7 or chapter 13 bankruptcy. Each type has its own benefits and drawbacks, and chapter 7 is only available to those who have very little disposable income and would not feasibly be able to make payments with restructured debt.

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