Illinois Debt Relief Services
Are you considering bankruptcy, but worried about whether it is truly right for you? When you come to Presbrey & Associates, you will meet face-to-face with an experienced lawyer who will review your situation and help you understand the strengths and weaknesses of bankruptcy. You may be surprised to find that the weaknesses you had heard about such as having to give up property, may not actually impact you.
Chapter 7 or Chapter 13?
Two forms of bankruptcy are available to individuals: Chapter 7 and Chapter 13.
Chapter 7 is the most common form of bankruptcy. It provides a fresh start. Credit card debt, medical debt and other unsecured debt are wiped out completely. Some property may have to be turned over, depending on the situation.
Chapter 13 involves the creation of a repayment plan. This plan will be based on your income and your debts. It will involve manageable monthly payments. Some of your creditors may receive payment in full. Some may receive only a small portion of what they are owed. However, at the end of the three- to five-year plan, you will be debt free.
We will take great care to determine the type of bankruptcy that makes the most sense for you based on your situation.
All forms of bankruptcy can immediately stop creditor harassment, home foreclosure, vehicle repossession, wage garnishment and more. Even if the foreclosure of your home or repossession of your vehicle is imminent, filing bankruptcy can make them stop.
Contact Us for a Free Consultation With a Naperville Chapter 7 Attorney
Do you want to learn about your options from an experienced Aurora bankruptcy attorney? Call us at 800-799-1966 or send us an e-mail today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.