Chicago Debt Elimination Lawyer
Chapter 7 bankruptcy has been a life-saver for millions of hardworking Americans. Chapter 7 allows individuals and families to petition the courts to eliminate their credit card debt, secured debt and other debt, while giving many people the option to remain in their homes and keep their primary vehicle.
But there are limits to the debts that can be discharged. Generally speaking, all consumer loans are dischargeable. Money owed because of other circumstances, however, may not be allowed under Chapter 7, although it may be eligible to be included in a supervised debt restructure plan under Chapter 13.
Some types of debt or money owed that does not qualify for discharge includes:
- Damages ordered as a judgment for an intentional tort (lawsuit determining that you owe damages)
- Damages you owe an injured party resulting from a DUI accident you are held liable for
- Damages owed as a result of assault or battery of a spouse or other person
- Arrears for child support payments, monthly support obligations ordered in your divorce judgment
- Federal or state tax debt that is less than three years old, or for which you have not made an honest attempt to keep up with a supervised IRS payment workout
- Student loans
- SBA loans or other loans from a government agency
The Law Offices of Chad M. Hayward, P.C., is ready to answer all of your questions about Chapter 7 bankruptcy and whether you are eligible to file under the new bankruptcy means test. Before you spend another sleepless night worrying about your debt or how you will respond to the collection agency when they call, you owe it yourself and your family to consider your options for a fresh start.
Free Consultation · Se Habla Español · Credit Cards · Payment Plans May Be Available
If you are ready for a fresh start, we are ready to help. Illinois bankruptcy attorney Chad Hayward represents clients in the Chicago metro region and communities throughout Illinois.
Reach us to schedule an appointment at any one of our local community offices by calling 312-546-4689 or toll free 888-804-8641.
Chicago
Aurora
Joliet
Schaumburg
Palos Heights
Northbrook
Oakbrook
St. Charles
You can also contact us by e-mail with a brief description of your legal problem. We look forward to helping your family get the fresh start from debt you need and deserve.
