Are You Feeling Overwhelmed By Debt?
Perhaps you bought your home right at a nonstrategic time and are facing foreclosure. Maybe you had an illness that required an extensive hospital stay, which depleted your savings. You may have lost your job, been furloughed or had your hours decreased, making it difficult to make ends meet.
No matter what led to your financial problems, you are not alone. There are many families across Illinois and Indiana who need help with out-of-control debt. Filing for bankruptcy might be an effective way to bring an end to your current debt problems. We have offices in Frankfort in Illinois.
Experienced Assistance At All Stages Of The Bankruptcy Process
At Frankfort Law Group, our attorneys have over 65 years of collective legal experience. Since our firm first opened in 2007, we have handed over 1,000 Chapter 7 or Chapter 13 bankruptcies for our clients, discharging at least $5 million worth of debt.
We perform a thorough analysis of your assets and debts to learn if you are eligible to file for bankruptcy, and if so, whether you qualify for Chapter 7 or Chapter 13. Many different factors can affect your situation, including:
- The current value of your home, and the outstanding balance of your mortgage
- The amount of equity that you may have in your home
- The amount of dischargeable debts that you have (credit card debt, medical bills and other expenses)
- The assets that you want to protect during the process
It is important to note that not all debt may be dischargeable. Certain debts, such as student loan debt, are not eliminated by filing for bankruptcy. However, bankruptcy may allow you to reorganize your finances and address some of the debts that would remain after the process is complete.
We realize that filing for bankruptcy may not be right for everyone. We will tell you exactly how the bankruptcy will impact your current financial problems, and your financial future. If bankruptcy is the right approach for you, we make sure that you understand the process, and what happens at each step. We are here to serve as your guide, and answer any and all questions that you may have.
How We Can Help You Take Control Over Your Debt
Take the first step toward a better financial future. Let a bankruptcy lawyer at our law firm explain the process to you. We will take the time to answer your questions about bankruptcy and help you determine if Chapter 7 or Chapter 13 bankruptcy (or neither) is the right option for your situation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.