Is Bankruptcy Right for Me?

Finding out whether or not bankruptcy is right for you is a question that can only be answered by a skilled bankruptcy attorney.  Bankruptcy is a viable solution for those who have incurred a significant amount of debt from credit cards, loans, medical bills, deficiencies on repossessed automobiles or other similar types of debt.  In addition, if you have fallen behind on your mortgage or automobile payments, bankruptcy could be your best option.  The goal of bankruptcy is to eliminate as much debt as possible.  At The Fox Valley Legal Group, we offer a free consultation so that clients can decide if bankruptcy is their best option with the help of skilled legal professional.

Filing for Bankruptcy

When you file Chapter 7 bankruptcy, a petition is filed with the court.  Approximately one month later, you will attend a creditor meeting with your attorney.  At the meeting, a trustee will ask you about your income and assets.  Your attorney will be able to help you throughout this meeting to ensure that the process goes as smoothly as possible.

If you file Chapter 13 bankruptcy, you will be asked questions to determine whether or not the repayment plan is feasible during the meeting with the trustee.  After that, the trustee will make a recommendation to the judge for confirmation.  After the confirmation, your case is approved.  It is extremely important to have an attorney find out if bankruptcy is the best option for you so that you can be given a fresh new start as soon as possible.

Contact The Fox Valley Legal Group  today if you would like to find out if bankruptcy is right for you.