Elmhurst Bankruptcy Attorney
The number of filing Chapter 7 Elmhurst bankruptcy requests has dramatically increased over the last few years due to the unstable economic environment. You may have several questions so it is a good idea to educate yourself with the facts. One of the most common questions that people have regarding filing Chapter 7 Elmhurst bankruptcy is whether they will be able to eliminate all debt. If you can qualify under the guidelines of the United States bankruptcy code, then filing Chapter 7 Elmhurst bankruptcy can wipe out personal debt such as credit card bills, medical bills, payday loans, personal loans, and civil judgments.
If you decide you want to keep your home and your car, filing with a Elmhurst bankruptcy attorney will allow you to do this but it will not erase the mortgage or the car loan. This will also not cover tax debt or student loans unless you can show that certain factors exist. To be able to proceed with filing paper with an Elmhurst bankruptcy attorney, you will need to prove that you are a resident of the United States or that you have a business or place of residence. It is always a good idea to consult with a bankruptcy attorney and the people at chicagobankruptcylaw.org can help you.
Filing with an Elmhurst bankruptcy lawyer can protect you against those annoying debt collector calls, wage garnishments, and any liens on your property, but will not protect you against foreclosure procedures. When filing papers with an Elmhurst bankruptcy lawyer, they will probably advise you to get a copy of your personal credit report. This enables the court to understand the extent of your debt and creditors after filing your bankruptcy papers have reached them. The court will inform your creditors of you filing bankruptcy or you can have your Elmhurst bankruptcy lawyer do so. It can take a couple of weeks for your creditors to be notified of the filing so you may want your attorney to notify them immediately. When your creditors are made aware of your filing, they should immediately stop the collection process.
Contact Christina Scelsa today for a free consultation at (773)-286-1228.