Are you sick of receiving calls from creditors? Do you know you can never pay back all the bills you have accumulated? If so, you need not despair, you can find a legal advocate – someone who knows how to help you stay afloat financially.
Talk to Someone Who Can Help
Once you speak to bankruptcy lawyers in Rockford, IL, you will feel relieved about your current debt situation. They can assist you in sorting out your bills and help you find a way to put an end to creditor calls. Depending on your current situation, you can either file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. It just depends on your job status and your assets.
Chapter 7 bankruptcy is a straight bankruptcy, and is also referred to as a liquidation bankruptcy. When you think of general bankruptcy, most bankruptcy lawyers use this filing to relieve you of your debts. In this instance, a court-appointed trustee oversees the filing. He or she sells your assets and allocates the money to the proper creditors. However, don’t worry. The trustee will not take everything you own. You will get to keep enough of the assets that you can start over.
Filing the Paperwork and Paying the Filing Fee
You will have to file a number of documents with bankruptcy lawyers if you file Chapter 7 bankruptcy. They can help you sort out the paperwork to make everything streamlined. You will need to pay a filing fee when you submit the documentation. You will also need to get involved in credit counseling when you file for financial relief.
Who to Contact in Rockford, Illinois
You can learn more about Chapter 7 and Chapter 13 bankruptcy by contacting a competent legal firm such as Hampilos & Associates, Ltd. If you do not see any way out of your current debt situation, you need to be proactive. Look into filing for bankruptcy today.