Bankruptcy Attorney in Lombard
If you’re in a serious financial rut, declaring bankruptcy may offer you the way out. Despite the prevalence of bankruptcy, however, filing is a complex procedure that requires knowledge and experience. Cutler & Associates, Ltd has been providing individuals and families in Lombard, Illinois, with qualified legal representation in bankruptcy cases since 1990. Our team can offer you the expert guidance you need to find the best options for your situation.
How Bankruptcy Can Provide You With Debt Relief
When you’re in debt, the seriousness of your situation will make itself known in a number of ways. You may find yourself avoiding your phone because you’re being inundated by calls from debt collectors. You may be stressed out by the very real possibility that your property will be repossessed, a lien will be placed on your house, or your home will be foreclosed on. You may find yourself without pocket money to pay for small everyday expenses because all your income is going toward paying off your debts—even though these payments never seem to get you any closer to a debt-free life. When you declare bankruptcy, it means that your creditors will not be able to contact you anymore. It means that the actions that have been threatened against you, such as foreclosure, will be halted. Most importantly, it means that you have a viable path to a future without debt. With some of your debts forgiven and others resolved through the bankruptcy process, you’ll be able to move on with your life. Depending on what chapter of bankruptcy you file, your debts will be either discharged, paid off using your nonexempt property, or paid over a set period of time using your monthly income.
How Our Bankruptcy Attorneys Can Represent Your Interests
If you are planning to declare bankruptcy, getting qualified advice from a legal professional is a must. Our experienced bankruptcy attorneys can provide you with the information you need to navigate a number of complicated financial processes, from debt consolidation and debt negotiation to credit card debt relief. We can examine your financial situation and tell you what chapter of bankruptcy will be most useful for your current circumstances. If you are facing immediate foreclosure, we can halt it. If you have any questions at all about bankruptcy and its repercussions, our team can answer them for you.