Chapter 7 Bankruptcy Can Eliminate Many Debts

Chapter 7 bankruptcy can provide immediate and highly effective relief for many individuals who stand on the brink of financial ruin. By filing for Chapter 7, most unsecured debt will be discharged, which will put a stop to all creditor harassment.

Chapter 7 Can Help Wipe Out Credit Card Debt

At the Law Office of Bernard J. Natale, Ltd., I will explain the advantages of filing a Chapter 7 by providing you with the answers and information necessary to make the best decision possible for you and your family's financial future.

Unsecured debts can often be completely eliminated with a Chapter 7 filing. Unsecured debt includes:

  • Credit card
  • Medical debts
  • Payday loans
  • Personal loans
  • Store cards

I have worked with a great many clients over the last 40 years, and I use that experience and perspective to develop creative solutions for my clients, providing insight into the potential effects that each choice will bring.

Is Chapter 7 The Right Choice For You?

I will begin by conducting a complete analysis of your financial situation. Generally, this entails comparing your debts and liabilities to your income and assets. In many cases, this will determine whether Chapter 7 or 13 bankruptcy is in your best interest. This first meeting with me generally takes about one hour.

Are You Eligible For Chapter 7?

There are certain criteria that must also be considered when choosing whether to file Chapter 7. A means test will be applied to determine if your income falls within the correct bracket so that you are eligible for Chapter 7 relief; the effect, if any, of prior bankruptcy, or if there are assets that are important for you to keep.

To learn more, please visit my Chapter 7 FAQ page.

If bankruptcy is not in your best interest, I will explain the solutions that may work better for you. I do not just push cases through, but rather I stand by my commitment to help clients throughout Northern Illinois with difficult and overwhelming financial situations.

Contact Me Today For Help With Chapter 7

To arrange a free initial consultation, please contact me today at 815-306-4189.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.