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Bankruptcy has the potential to provide you with a clean financial slate. Not only does it cut off contact between you and creditors, but it also creates a viable plan of action against the burden of debt.

Millions of Americans have found financial relief through bankruptcy, it’s just a matter of determining which bankruptcy option works best for you. Whether you are lower or higher income, there are certainly opportunities for a smooth and efficient resolution to your financial difficulties by choosing to file for bankruptcy.

Different Ways To File For Bankruptcy

By speaking with a qualified lawyer, you will be able to determine what kind of bankruptcy you are eligible for. Whether you need an individual or business bankruptcy attorney, the professionals at Citizens Law Group LTD will stop at nothing to provide you with the information you need to move forward.

The most prevalent forms of bankruptcy include:

• Chapter 7 Bankruptcy: As the most utilized bankruptcy option, Chapter 7 allows individuals to liquidate their assets in order to repay their debts. In many situations, you are able to hold on to the possessions that mean most to you by claiming “exempt assets”. To determine if this is the best choice for you, speak with a Chapter 7 bankruptcy lawyer about your situation.
• Chapter 11 Bankruptcy: Usually used by businesses, Chapter 11 paves the way for the “reorganization of assets” to discharge any debts. With the help of a Chapter 11 bankruptcy lawyer, you will be able to take care of your financial challenges while keeping the doors to your business open.
• Chapter 13 Bankruptcy: Chapter 13 is typically utilized by individuals with a “regular income.” This enables the debtor to set up a viable repayment plan that spans 3-5 years. With the help of a Chapter 13 bankruptcy lawyer, establishing a payment plan is more straightforward than ever.

Don’t deal with your financial issues alone, get the relief you need by working with a skilled attorney from our firm.

Are you seeking a bankruptcy court attorney in Oak Park, IL that will fight for your financial security? Citizens Law Group LTD is here to provide you with upstanding legal counsel no matter what your financial circumstances may be.

Getting started with a proactive legal plan is the best way to mitigate any financial problems you may have looming ahead of you. With the guidance of the professionals at Citizens Law Group LTD, you can be sure that you will have the opportunity to make educated decisions about your debt settlement.

Get in contact with our firm today to set up an initial consultation – and avoid losing your home or business to the hands of debt!