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Filing For Bankruptcy

Published on October 21st, 2019

Filing or bankruptcy can be a stressful and arduous process, but when you hire our bankruptcy attorney near Belvidere, IL, we will make sure to get you through to process seamlessly.

Chapter 7, Title 11

The United States Code of Chapter 7 of Title 11 governs the process of liquidation under the bankruptcy laws in the US. Chapter 7 is known to be the most common form of bankruptcy.

Reasons To Declare Bankruptcy

Many people choose to file for bankruptcy if they want to start over again, all with a clean slate. Other reasons may be to ease tensions related to your financial problems. Once you choose to file for bankruptcy, those who call you constantly and send letters in order to collect will have to cease. 

Prepare For The Process

Once our bankruptcy attorney near Belvidere, IL figures out if you’re eligible for Chapter 7, you need to consider your options. Which debts can be eliminated? Which debts will have to be reaffirmed? Which assets will be subject to liquidation? These are all questions to discuss with your attorney. Once you have gotten all your questions answered, the process will usually take six months or more to finish. 

How We Help

Crosby Law Firm can help you file for bankruptcy, representing you from start to finish. We will begin communications with your bank so you can relax through the process and ease your stress. Contact our bankruptcy attorney near Belvidere, IL today at 815.332.0281 or fill out a form on our website for a free case evaluation.

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