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Millions of Americans have filed for bankruptcy since the start of the recession. In many situations, the positives of this process greatly outweigh any of the negatives. If you are considering filing for bankruptcy, here are some essential things to do before taking the big leap.

First, call your creditors to get the facts on the status of your outstanding loans. Next, look at your finances and determine whether you are spending more than you earn. Finally, you should consult with a lawyer. Skilled attorneys may be able to advise you on which chapter of bankruptcy to declare and how to best declare your assets for maximum discharge. Any time spent preparing for the filing up-front can mean thousands of dollars in your pocket after the case is over.

Residents of the Schaumburg, Chicago, Elgin, and Aurora areas in need of an experienced bankruptcy attorney should look no further than Cutler & Associates. We have seven locations all over Illinois that offer timely, customized financial advice to our clients.