Bankruptcy Attorney in Buffalo Grove
Debt is more than just a simple equation. It represents a roadblock to current and future financial goals for your family. It can also be the cause of a significant amount of stress that impacts your relationships, work performance, and physical and emotional health. If you’re dealing with the pressures of overwhelming debt, ignoring it won’t make it go away. Instead, take back control with help from a bankruptcy attorney in Buffalo Grove. At Cutler & Associates, Ltd., our attorneys understand the serious effects debt can have on your life and are committed to helping you get the relief—and the clean slate—you need.
Debt Takes a Toll on More Than Your Bank Account
A recent survey by the Journal of Accountancy found that 56% of Americans questioned said that debt had had a negative impact in their lives. The anxiety that comes with being in debt can take a significant toll on your health, leading to:
- Stomach ulcers.
- Digestive issues.
The longer you ignore your debt or the more you allow it to grow, the worse these effects can be. Talking to a bankruptcy attorney and making a plan to go forward is a relief to many people.
Bankruptcy Can Help You Draw a Line Under Your Debt
When you file for bankruptcy, you will get a plan for resolving the debt you have. If you and your bankruptcy attorney file chapter 7 bankruptcy, then all of your debts will generally be cleared. If chapter 13 bankruptcy is a better fit, then your debts will be reduced and the repayment period will be extended, so you can make lower payments on a portion of your debt. Filing will stop collection activities, including repossessions, foreclosures, and evictions, so you can get relief from the stress caused by your debt.
You Don’t Have to Give Up Your Assets to Get Out of Debt
Many people who could get debt relief through bankruptcy are hesitant to consider it because they think they will need to give up the assets that are important to them. In reality, most people keep their homes, cars, retirement accounts, and other personal assets. Your bankruptcy attorney can explain the protections in the bankruptcy code that allow you to keep most, if not all, of your assets. Let a bankruptcy attorney at Cutler & Associates, Ltd. help you take action to fight back against the pressures of debt. Talk to an experienced attorney about your situation by scheduling a free consultation in Buffalo Grove.