For many people, filing for personal bankruptcy is the only way to deal with debt that threatens to crush them. The decision to seek bankruptcy protection is often one that takes a lot of thought and more than a little humbling. Is it time for you to talk with one of the bankruptcy lawyers in Rockford, IL? If any of the following is true, the answer is yes.
You’ve tried multiple ways to get control of your debt. That includes debt counseling, consolidation services, and even direct negotiations with your creditors. All of those efforts have fallen flat. With your options dwindling, it could be that filing for bankruptcy is the only way you see to move forward.
While you know bankruptcy may be the answer, you’re not sure if you qualify. Seeing a lawyer will help you understand if you meet the standards set by the courts. This will involve administering what’s known as a means test. The lawyer will oversee this and provide you with guidance on what to do next based on the results.
Maybe you’re not sure which form of personal bankruptcy would be best. Bankruptcy lawyers in Rockford, IL, know what kind of debt can be managed with a Chapter 7 bankruptcy and when it would be a better option to go with a Chapter 13 bankruptcy. Expect the lawyer to explain how each approach works, why certain debts cannot be wiped out using a Chapter 7, and how current laws impact your particular circumstances.
Until you know the facts about bankruptcy and how they apply to you, keep an open mind. With the aid of a lawyer, you will soon know all that you need to know in order to make the best choice.
For more information, please contact the Crosby Law Firm today.
