Wheeling Bankruptcy Lawyer
Facing financial hardship is not uncommon, but that doesn’t make it any less difficult to deal with. If you have had recent financial difficulties that are opening up the possibility of foreclosure, lawsuits, repossession, or wage garnishment, it is time to call the bankruptcy lawyers at Cutler & Associates, Ltd. Our law offices serving Wheeling can walk you through the bankruptcy process and help you understand which options are best for your unique situation. In addition, we can stop harassing calls from your bank and debt collectors, so you can be on your way to financial recovery.
You Have Different Options for Filing Bankruptcy
One of the reasons it is essential to call a lawyer to explore options for debt relief and bankruptcy is that there are many options available, and they are not all appropriate for every case. Speaking with an attorney who focuses on bankruptcy in Wheeling and the Chicagoland area will allow you to gain an understanding of the types of bankruptcy, as well as possible alternatives.
- Chapter 7 – Chapter 7 bankruptcy involves the liquidation of qualified unsecured debts, including credit card debt and medical bills. You will not qualify for this type of bankruptcy if you make too much money and have a fair amount of disposable income.
- Chapter 13 – If you are not able to liquidate debt through chapter 7 bankruptcy, you may need to file chapter 13. This is a reorganization of debt with a manageable payment structure built in.
- Debt Relief – You may not need to file bankruptcy if you do not have substantial debts from multiple sources, but are still facing calls from creditors. In this situation, you might benefit from debt relief planning, which may allow you to negotiate different payment amounts or relieve some portion of your debt in an agreement to pay off the balance within a given timeframe.
You Want an Attorney You Can Trust
With any of the options above, you will want to be represented by an attorney, because bankruptcy and debt relief settlements are both complex processes. Since you will be discussing so many details of your financial situation, you will want an attorney with whom you feel comfortable talking. With Cutler & Associates, Ltd on your side, you can rest assured that you will have representation with more than two decades of experience, allowing you to breathe easier without the burden of debt running your life. Call our office today at (847) 213-9436 for a free, confidential bankruptcy consultation in Wheeling.