Bach Is Your Financial Future.
555 Skokie Blvd., Northbrook, IL 60062
If you feel completely overwhelmed by the amount of debt you have and see no solution in sight, it is understandable why you may be considering bankruptcy. Although bankruptcy gets a bad name, it is often the most effective way to allow consumers to start fresh and have a new chance at re-building their credit.
At Bach Law Offices, our Northbrook bankruptcy attorneys can go over your situation with you to determine if this is an appropriate legal action for you. Chapter 7 is the most common chapter of bankruptcy, which allows you to discharge specific unsecured debts and liquidate or sell nonexempt assets to pay back a portion of your debt.
Our Northbrook Chapter 7 bankruptcy attorneys have 35 years of combined experience in the field of bankruptcy law. There are specific requirements you must meet to qualify for Chapter 7. You will have to take a means test which evaluates many aspects of your financial situation to figure out whether or not you qualify for this chapter. Our firm is here to lead you through the steps of the proceedings, which can be quite confusing and complex.
The first step to file for Chapter 7 is to file a petition with your local bankruptcy court. At this time, they will typically put forth an automatic stay which protects you from all types of collections. This prevents phone calls, garnishments, foreclosure, and lawsuits. If your petition for Chapter 7 is approved, you are released from the obligation to make payments.
Contact our office today at (847) 448-0025 if you would like to make an appointment for a free case consultation.
“There is not enough room here to say all that could be said about Penelope. She represented me in a bankruptcy that many other lawyers say could not be done.I do not exaggerate when I say that she saved my way of life.”