|
OUR NEW COMMERCIAL
|
 |
|
Ernesto D.
Borges, Jr.
is one of the leading attorneys in Illinois with a focus in
bankruptcy and debt elimination.
View Our Info Videos Here!
|
|
 |
|
Chapter
7 Bankruptcy
is also referred to as a
"Fresh Start" or Debt
Elimination. Chapter 7 is normally the simplest form of
Bankruptcy and the process from case filing to discharge
and a brand new beginning for you can take as little as
4 months! An experienced Bankruptcy attorney has the
tools to prepare your documents correctly, protect most,
if not all, of your property, and ensure the success of
your case.
Chapter
7 Bankruptcy
ELIMINATES
most debt including:
 |
Payday Loans
|
|
|
Credit Cards
|
|
|
Personal Loans
|
|
|
Repossessions and Deficiencies
|
|
|
Foreclosure Deficiencies
|
|
|
Judgments and Law Suits
|
|
|
Wage Deductions, Assignment and
Garnishments |
|
|
Medical Bills
|
|
|
Utility Bills
|
|
|
Some Tickets and Fines
|
|
|
Some Taxes
|
|
|
|
|
|
 Debtors
who seek Chapter 7 bankruptcy
Debtors who seek Chapter 7 Bankruptcy are subject to a “means
test” to determine if the debtor’s monthly income is more than
the stated median. Before considering Chapter 7, find out if
this method is suitable for your situation.
|
|
How
Does A Chapter 7 Work?
Once your
Chapter 7 Bankruptcy is filed with the court, all creditors are
BARRED from trying to collect the debts they are owed.
If you file
Chapter 7 with a house or a car, continue to make the payments
on your mortgage or car note, if you wish to keep your property.
Our attorneys work closely with you and the court from your
first appointment until your discharge papers are received from
the court. |
|
Chapter
7 Eligibility
Chapter 7
Bankruptcy is available to individual people, married couples,
corporations, and partnerships. Debtors who seek Chapter 7
Bankruptcy are subject to a “means test” to determine if the
debtor’s monthly income is more than the stated median. Before
considering Chapter 7, Call our offices for caring and expert
advice.
|
 |
|
|
