A Bankruptcy Attorney Chicago may advise you to go and get some credit counseling before you file for divorce. He will also be familiar with the process of divorce itself since they often go together. it is definitely a stressful experience to fall behind on your bills, especially the mortgage. Many couples experience financial hardships and right away think that a divorce will be the answer. It may just simply be a fresh financial start is what you would need instead.
Going in to talk to someone about your money concerns is the first step to getting things under control. It is the bankruptcy attorney that can truly explain the difference between Chapter 7 and Chapter 13 bankruptcy filing. The lawyer will help you to establish flexible payment plans and will take the time to explain things so that you can easily understand. He understands that you may find the legal process quite confusing.
If you are considering bankruptcy, you are ready to take action and realize you may need to do some things that you have been trying to avoid. Working with a professional will help you find the answers you need to continue to protect your future. You may need to liquidate all of your property to pay off your creditors. People struggle with debt for many reasons. Getting advice from a professional will not only get you out of an immediate dilemma, it can help prepare you with the best resources for the future.
Many have already used their assets to pay down their debts. They worked with their lawyer to help them process a short sale transaction involving their home. This helped them with the reorganization of their remaining debt. The lawyer will help provide the guidance so you can sell the home for less than is owed and can get out from under the burden of such a large monthly payment. Remaining affordable monthly payments will protect you from harassing phone calls from creditors. The lawyer you choose will be up to date with the bankruptcy laws. He will know when the best time is for you to file. For more information visit Chicago Debt Solutions. You can like them on Facebook.
