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When Is the Best Time to File Bankruptcy?

Is bankruptcy right for me? If so, is now the best time to file?

These are important questions that you should consider if you are struggling with debt. However, there is a lot of misinformation out there that makes it difficult to make positive and proactive decisions. At Nordin & Sturino, P.C., in Naperville, Illinois, we are experienced bankruptcy firm who can help you determine if bankruptcy is right for you, and if so, when to file.

When Should I File Bankruptcy?

There is no easy answer to this question. Determining when you file bankruptcy depends on a number of specific factors, including your financial situation, marital status, and goals for the future. It is important, however, to talk to a bankruptcy lawyer at an early stage — before you take money out of bank or retirement accounts or take other potentially risky actions that could jeopardize your future financial security.

Our law firm offers a free 30-minute consultation to discuss your financial concerns. We will fully evaluate your situation to determine if bankruptcy is right for you. Rather, we will discuss options that keep your current- and long-term needs and goals in mind.

Find out more about Chapter 7 and Chapter 13 bankruptcy.

Bankruptcy and Divorce

Financial problems during the marriage can lead to marital problems and even talk of divorce. If you are facing both divorce and bankruptcy, there are many things you should consider. The order in which you file bankruptcy and divorce matters. This is a complex legal matter that should be analyzed by an experienced attorney.

As a law firm that handles both divorce and bankruptcy cases, we can help you determine the best course of legal action based on your financial situation and future plans for your marriage. We can help you determine if it is better to file before, during, or after your divorce. Schedule a consultation at our firm to discuss your specific options.

If you have been served with a summons or pre-foreclosure paperwork, talk to an attorney as soon as possible. We can discuss ways in which to save your home and get out of debt. However, if your property has gone to sale, it is too late to do a Chapter 13 bankruptcy.

Contact a Naperville Bankruptcy and Divorce Attorney

To learn more about bankruptcy, if it is right for you, and when to file, contact our law firm.

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Office Location

Nordin & Sturino, P.C.
Naperville Executive Center
1555 Naperville Wheaton Road, Suite 207
Naperville, IL 60563
Phone: 630-848-9287
Toll Free: 800-618-6326
Fax: 630-420-0035
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DuPAGE County Bar Association-Since 1879