Many people are reluctant to pursue bankruptcy as an option for relief from their debt. It is common for people to have misunderstandings about the bankruptcy process. Understanding how bankruptcy, as well as alternatives to bankruptcy, works is essential to making an informed decision about what is right for you.
At Nordin & Sturino, P.C., in Naperville, Illinois, we instruct individuals about all aspects of bankruptcy and give them solid facts and advice so that they do not worry needlessly.
We answer common questions such as:
- How long does bankruptcy take?
- How much does bankruptcy cost?
- What debts will be eliminated through bankruptcy? Which debts will remain?
- What effect will bankruptcy have on my credit?
- Can I keep my house and car?
Speak with a knowledgeable and experienced Naperville bankruptcy lawyer to get answers to your questions.
We Help You See the Big Picture
Many individuals come to us asking, "What is the downside of filing a bankruptcy?" This is a good question, and we are happy to address both the pros and cons of bankruptcy with you. However, we often find that most bankruptcy fears are unfounded or are based on hearsay or misinformation.
For example, many people are worried that a bankruptcy will ruin their credit. While a bankruptcy can show up on your credit report for 10 years, that does not mean you cannot get credit for 10 years. It is important to recognize that your credit report may not be your biggest priority — if you are late on your credit cards, mortgages, or other bills, or if you have been served with a foreclosure notice or other lawsuits or collection actions, your credit score is not your most important concern. Frankly, in that situation, your credit score is already in trouble. Bankruptcy can help you clean up your finances. Then, it is what you do after the bankruptcy that matters.
Our attorneys help you see the big picture and make decisions that are not based on fear but, rather, on what is logical and what protects your property and your future. We can help you eliminate debts that are preventing you from building your future.
Find out more about these related topics:
- Alternatives to bankruptcy
- Saving your home through bankruptcy
- When is the best time to file bankruptcy?
Contact a DuPage County Foreclosure Lawyer
With more than 60 years of combined legal experience, our lawyers are able to offer sound advice about Chapter 7 and Chapter 13 bankruptcy, alternatives to bankruptcy, options for stopping a foreclosure, and tactics to address creditor harassment, garnishments and repossessions. You deserve a chance to start fresh. Contact us to arrange a free half-hour consultation and learn more.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
