It's easy to feel trapped when you are struggling with debt. You can't afford to pay a bill, so you get hit with late fees and interest penalties. Then you owe even more money, and you still can't afford to pay the original amount. Each new charge drives you further and further into debt and makes you feel like you'll never get out.
As thousands of DebtStoppers clients have experienced, filing for bankruptcy in Illinois can free you from the trap of endless debt. A DebtStoppers debt relief plan can help you take back control and get your finances back on track. Call or text us today at 312-913-0630 to schedule a complimentary and confidential one-on-one debt evaluation with one of our accomplished Chicago attorneys.
The two most common types of personal bankruptcies filed in Illinois are Chapters 7 and 13. Chapter 7 allows you to eliminate or "discharge" your debts, whereas Chapter 13 reduces and consolidates what you owe into a single, affordable payment.
When you submit your bankruptcy petition, the court will charge you an initial filing fee. The filing fee for Chapter 7 is $335, and the cost for filing Chapter 13 is $310.
DebtStoppers is the only firm in Illinois that will advance the court your Chapter 7 filing fee, allowing you to get the relief you need at no upfront cost to you. We also offer affordable payment plans for our legal fees. Because every situation is different, the cost of legal fees will vary from case to case, but our rates are among the most reasonable in Illinois.
Before filing for bankruptcy in Illinois, you'll need to meet a few requirements:
To qualify for Chapter 7, you'll also need to pass the "means test." The means test assesses your household and disposable incomes to determine if you have the financial means to pay back your debts without filing for bankruptcy. If your income is too high, you won't be able to file for 7, but you can still qualify for Chapter 13.
Proceedings begin when your attorney files the necessary documents in the Illinois bankruptcy court nearest your home. As soon as your case is filed, the court will issue an automatic stay that bars your creditors from collecting debts from you or contacting you at all. This court order provides instant relief from creditor harassment and halts any collection activities already in progress, including:
The stay's protection remains in place for each of the steps towards your financial freedom.
The process of filing for bankruptcy can be emotional and complex. To make it through, you will need a supportive and knowledgeable professional at your side. Call or text DebtStoppers today at 312-913-0630 to request a free consultation with one of our experienced Illinois bankruptcy lawyers. Our team can put you on the path to financial liberation.
Breaking free from debt is easier than you think! Call or text 312-913-0630 and let DebtStoppers help you get started today.