Eliminate Debt, Stop Foreclosure and End Creditor Harassment
Are you struggling to pay the bills? Worried that you might lose your home? Overwhelmed by rising credit card debt? You are not alone. Millions of Americans have lost their jobs or are working at jobs that do not pay livable wages. It doesn't take much for debt to quickly get out of control.
The good news is that you can take action and find a solution to your financial troubles. Depending on your income, assets and types of debt, filing for bankruptcy may be a way to get a fresh start. Speak with our experienced bankruptcy attorney today to find out if it is right for you. To schedule a free consultation, please call The Law Offices of Chad M. Hayward, P.C., at 888-804-8641 or contact us online.
Talk To Us About Your Options
If you are filing for bankruptcy in Illinois, you are entitled to certain exemptions on personal and real property as well as financial assets. We will review your assets and your goals before recommending a chapter of bankruptcy. If you want to keep your house, for example, that will be a factor in choosing a means of debt relief.
To file Chapter 7 bankruptcy, you must take a means test to determine whether you meet the income level requirements. In Illinois, your income must not be above the median income for a household of your size. Currently, those limits are $46,355 for a single person, $60,073 for a two-person household, $69,910 for a three-person household and $81,097 for a four-person household.
If your income exceeds these levels, or if you are hoping to keep more of your assets, you may file Chapter 13. We can explain the differences and discuss which chapter is right for you.
Chicago Bankruptcy Filing Lawyer
Please call our office at 888-804-8641 to schedule a free consultation. We have offices in Chicago, Aurora, Joliet, Schaumburg, Palos Heights, Northbrook, Oakbrook and St. Charles.
