We understand that times are hard, especially with furloughs, long-term unemployment and potentially the decrease in hours and wages. Your pay has shrunk, but your bills have not. Whereas you used to live within your means, you’re now struggling with monthly payments. Kevin Benjamin, our Chicago bankruptcy lawyer, is armed with deep legal knowledge and more than 30 years’ experience. He can help stop foreclosure, smooth the bankruptcy process and handle any problems that may accompany it.
We can help you keep your property by solving your debt problem via Chapter 13. Our attorneys work with you to develop a repayment plan that uses your income to pay off debt over time. This reorganization option avoids asset liquidation.
Whether you have a corporation, LLC, partnership, or sole proprietorship you can file for Chapter 11 bankruptcy in Chicago, Illinois. There are some major advantages to pursuing this option instead of Chapter 13 or Chapter 7.
Our attorneys can help you eliminate most unsecured debt and still keep your house and vehicle. Complete the process and get a fresh start in 6 months or less. Let us help you through Chapter 7 and start rebuilding your credit.
Homeowners who can no longer make mortgage payments may have the property seized by the lender. Filing for bankruptcy can stop that process and give you time to get a plan together that allows you to keep you home. Chapter 7 and 13 can both stop foreclosure proceedings.
If you have a loan through a bank, credit union or dealership, you must make monthly payments. The lender may take possession of the vehicle after you miss several payments. However, filing bankruptcy can stop repossession and allow for renegotiation of the debt.
Creditors may get a court order that requires your employer to withhold a portion of your paycheck if you have delinquent payments. Earnings are garnished until the debt is paid. The automatic stay in bankruptcy stops that from happening.
The attorneys at Benjamin Brand LLP can help you file bankruptcy and wipe out debt while protecting your assets.
Bankruptcy is a last resort. There may be alternatives that can help you deal with the financial burden. Call us at 312.853.3100 for more information about our areas of expertise and to find out if bankruptcy is the best option for you.