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May 2018 Archives

Is Chapter 13 bankruptcy right for me?

You've been struggling to pay your bills for a while. You have money coming in, but too much going out. You are getting to the point where you may start losing everything. Before it gets any worse, you want to know what options you have to solve the problem. You, and other Illinois residents like you, may benefit from a Chapter 13 bankruptcy filing.

A Chapter 7 filing is not the end of the world

Numerous Illinois residents are struggling financially due to job loss or lack of sufficient income to pay their debts. In order to help their economic situations, some will turn to Chapter 7 bankruptcy to clear their debts and achieve a fresh start. While there are those who would advise against this due to the impact such a filing can have on one's credit score, a recent report suggests that filing for bankruptcy really is not the end of the world.

Can a Chapter 7 bankruptcy cause more debt?

When Illinois residents hear the word bankruptcy, they think debt relief. This is particularly true for Chapter 7 bankruptcy, as this form -- if approved -- results in the complete discharging of certain debts. Is there ever a time when filing for bankruptcy can actually cause a person to take on more debt after the fact?

3 things you should know about bankruptcy

Many people carry high credit card debt or medical bills, and if financial circumstances change, it can be challenging to keep up with these debt payments. Getting trapped in overwhelming debt can happen quickly and soon become unmanageable.

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Lynch Law Offices, P.C.
1011 Warrenville Road
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Lisle, IL 60532

Toll Free: 800-491-7493
Fax: 888-691-8337
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