Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Protection in Carbondale and Collinsville, Illinois

By filing for a Chapter 7 bankruptcy in Illinois, you can legally discharge your debts and get a fresh start for your financial life. At the law firm of Lathram & Herbert, LLP, and Bankruptcy Advocates, our bankruptcy attorneys work with individuals who want to file for consumer bankruptcy in order to reduce their burden and find peace of mind in their financial future.

In a Chapter 7 bankruptcy, an individual may discharge all of his or her current unsecured debt. Certain debts are not covered, such as car loans, mortgages, student loans, taxes and child support payments. These types of debts may be dischargeable through a Chapter 13 bankruptcy. For credit card debt, medical bills, utility bills and other unsecured, dischargeable debts, a bankruptcy may be the best option for improving your situation.

The Benefits of Chapter 7 Bankruptcy

There are plenty of benefits to filing Chapter 7 Bankruptcy, including:

1 Obtaining an "automatic stay" against creditor harassment - After filing for bankruptcy, your creditors will no longer be able to contact you or garnish your wages and will have to immediately stop all collection activities.

2 Stopping a foreclosure or repossession of your property - In many Chapter 7 bankruptcies, our clients are able to hold onto their property, including their homes, cars and other assets.

3 Keeping your retirement accounts - Never liquidate a retirement account to pay off your debts. By filing for bankruptcy, you can continue to protect your retirement.

4 Rebuilding your credit - After your debts are discharged, you can immediately begin rebuilding your credit and can usually get loans and lines of credit within a couple of years.

Find out if Chapter 7 Bankruptcy is right for you

Contact the bankruptcy lawyers at the Bankruptcy Advocates, and the law firm of Lathram & Herbert, LLP today to get the bankruptcy protection that you deserve. We offer free initial consultations, where we will discuss your situation and figure out if Chapter 7 bankruptcy is the right option for you.

Email the Carbondale office or call 618 549 9800

Email the Collinsville office or call 618 623 4311

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

Two Firms - One Mission