How to File a Chapter 7 Bankruptcy Claim in Chicago
If you feel like bankruptcy sounds like a daunting term, we hear you. But with Kaplan Law Firm, it doesn’t have to be.
Learn more about Chapter 7 Bankruptcy here
Attorney Rae Kaplan explains Chapter 7 bankruptcy, detailing how it allows individuals to erase unsecured debts like credit cards and medical bills, providing a fresh financial start. The video offers guidance on what assets may be affected and how to navigate the process effectively.
Chapter 7 Bankruptcy Help in Chicago
What is Chapter 7 bankruptcy?
Also known as “total bankruptcy” or “liquidation bankruptcy”, Chapter 7 of the Bankruptcy Code allows consumers to erase unsecured debts such as credit cards, payday loans, and medical bills. Chapter 7 is usually the most desired type of relief available under the bankruptcy code because of the “super discharge”, which is a court order discharging most debt and providing a fresh start.
Unlike Chapter 13 bankruptcy, which involves a repayment plan, Chapter 7 can provide a fresh start in as little as four to six months. Our team of experienced attorneys understands the complexities of the bankruptcy process and will guide you through every step, from the initial consultation to the discharge of your debts. With our help, you can start rebuilding your financial future with confidence. Don’t let overwhelming debt hold you back any longer – contact us today to learn more about how Chapter 7 bankruptcy can provide you with the relief you need.
What Will I Lose If I File For Chapter 7 Bankruptcy?
The truth is that in a Chapter 7 bankruptcy, not all of your assets are protected, and an experienced attorney is a must in determining what if anything you will lose if you decide to file a Chapter 7. But not to worry, because when you choose to hire Kaplan Law Firm, chances are the only thing you’ll lose is your stress. Our team has a thorough understanding of the bankruptcy code, combined with a passion for the best results and the experience to back it up.
Rather than looking at Chapter 7 bankruptcy as a risk, look at it as a powerful tool for a fresh financial start.
