In the greater Chicago area, if you’re struggling just to make ends meet and you’ve missed a couple of car, mortgage, or utility payments, it’s probably occurred to you that bankruptcy might be an option. You’re right, but it’s not your only option. If the debts are mounting and you can’t pay them, discuss your rights and alternatives as quickly as you can with an experienced Chicago bankruptcy attorney.
Some people resist the idea of hiring an attorney to help them with a bankruptcy. Hiring an attorney may look like going deeper into debt, but consider this. Bankruptcy is extremely complicated, and any mistakes you make on the applications, any misunderstandings, and any missed deadlines could delay your bankruptcy or even ruin your chance to get a fresh financial start. There’s no reason to take that risk. Moreover, many people in debt find that with an attorney’s advice and services, they come out of a bankruptcy in much better shape than those who choose to go it alone. Frankly, a bankruptcy attorney will save you money in the long run. Even if you’ve been through a previous bankruptcy, you’ll need the help of an attorney who stays up-to-date with the constantly changing federal and state bankruptcy laws and regulations.
Working with an experienced bankruptcy attorney means that you’ll avoid the common mistakes and you’ll be protected from creditors automatically beginning as soon as your bankruptcy is filed. A good bankruptcy lawyer can also offer you advice about reestablishing your credit and can recommend helpful resources. For many people in debt, bankruptcy is not your only option, and if it’s not right for you, a bankruptcy attorney will suggest effective and practical alternatives. Your situation may not be as dire as you think, but if the debts are spiraling out of control, contact an experienced Chicago bankruptcy attorney and arrange for a consultation as quickly as possible.