Chicago Loan Modification Lawyer
Get Debt Relief Solutions in Cook County
If you're struggling with mounting credit card bills, it's easy to feel like you're drowning. If you've tried to get help from your bank or credit card company and they aren't willing to work with you, it's time to seek professional help. At Attorney Joseph P. Doyle, we can help you get the relief you need. We're here to provide you with the legal help you need to navigate the bankruptcy process and get your credit card debts discharged.
Schedule a free consultation with our bankruptcy attorney in Chicago by dialing (312) 957-8077 or contacting us online. We speak English, Spanish, and French.
How Does Bankruptcy Work?
Bankruptcy is a legal process that helps people get a fresh start. It allows individuals and businesses to discharge their debts so they can move on with their lives. There are several types of bankruptcy, each with its own rules and eligibility requirements. The type of bankruptcy you choose will depend on your income, assets, and debts.
The most common types of bankruptcy are:
- Chapter 7: This is a liquidation bankruptcy. If you have little to no income, you may be eligible to have your assets sold and your debts discharged. However, if you have substantial assets, you may be required to go through Chapter 13: This type of bankruptcy involves a repayment plan to pay off your debts. You'll need an experienced attorney to help you determine which option is right for you.
- Student loans: If you're behind on your student loan payments, you may be eligible for a discharge under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. However, you must file a separate bankruptcy case to get your student loans discharged.
When filing for bankruptcy, you will need to complete a series of classes on personal finance, as well as a credit counseling course. After completing these courses, you'll be eligible to file for bankruptcy. You will also need to complete an official credit counseling course before filing for Chapter 7 bankruptcy. For Chapter 13 bankruptcy, you will need to complete a debt repayment plan.
What Is the Purpose of Bankruptcy?
The purpose of bankruptcy is to help people get a fresh start. When you file for bankruptcy, your creditors will be prohibited from contacting you, including by phone, letter, or email. They will also be prohibited from garnishing your wages, seizing your assets, and selling your assets.
When you file for bankruptcy, you will be able to get a discharge of your unsecured debts, such as credit card debts, personal loans, and medical bills. You will also be able to get a discharge of your secured debts, such as a car loan or a home mortgage. However, some types of debt cannot be discharged, including:
- Child support
- Student loans
- Criminal fines
- Faulty products
- Debts incurred through illegal activity
- Debts that were not discharged in the past
How Can We Help You?
At Attorney Joseph P. Doyle, we understand that filing for bankruptcy can be a difficult decision. It is our goal to make this process as simple as possible for you. We can help you understand the bankruptcy process and help you determine if it's the right choice for you. We can also help you with the following:
- Creditor harassment
- Credit repair
- Foreclosure defense
- Repossession defense
- Student loan debt relief
- And more
Our goal is to help you get the relief you need. We can help you discharge your debts, eliminate your creditor harassment, and help you get a fresh start.
Choose Attorney Joseph P. Doyle
We understand that bankruptcy may be a difficult decision for you. However, it may be the best decision for your financial future. If you are considering filing for bankruptcy, you need an experienced legal professional on your side. At Attorney Joseph P. Doyle, we have over 30 years of experience providing our clients with the legal assistance they need.
Call (312) 957-8077 today to schedule a free consultation with our Chicago loan modification attorney.