What Happens When I File for Chapter 7 Bankruptcy?
I'm eligible to file in Illinois. Now what?
Congratulations — you're on your way to a debt-free future! Now you'll file a bankruptcy petition, the official document that gets the process started. To make it even easier, DebtStoppers offers qualified filers the relief they need without spending a cent in up-front costs.
You'll supply your bankruptcy attorney with your important financial documents — any information pertaining to your income, expenses, assets and liabilities. This will help your lawyer determine your "current income" and other calculations.
When listing your assets, make sure to include everything you own that is considered to have value. That means the big stuff like cash and investments, vehicles and real estate, and also smaller items you might not think about, like clothing, jewelry and furniture.
Also include money due to you, such as tax refunds or alimony, and money you owe — primarily, what is due to your creditors.
Cataloging every detail of your financial life might feel intimidating at first, but a professional bankruptcy lawyer can break the process down step by step so it goes smoothly and comfortably.
Meanwhile, it won't hurt to start preparing this information if you're considering Chapter 7 bankruptcy. Remember, if you have any questions or concerns along the way, don't hesitate to ask us at DebtStoppers. It's why we're here.
Remember — bankruptcy is your chance for a fresh start!
Bankruptcy can seem overwhelming, but it's actually just the opposite. When you eliminate debt through bankruptcy, you simplify your life. No more sleepless nights, no more harassing phone calls, and no more unpaid bills. Just financial independence.
Start on the path toward financial freedom. Call DebtStoppers today!
It doesn't have to be a dream. At DebtStoppers, our job is to make your financial freedom a reality. Don't wait another day — the sooner you file for bankruptcy, the sooner you'll kiss debt goodbye. Sign up for a personal debt evaluation online right now!