Sometimes, making the decision to file a bankruptcy can be very overwhelming. After all, you don’t necessarily want to ruin your credit rating. However, you don’t have enough money to get yourself out of debt. You need to come up with a plan as soon as possible. Sit down and talk with a bankruptcy lawyer in Chicago whenever you have some extra time. Your lawyer will go over the good things and the bad things about filing a bankruptcy. He may even suggest a chapter 7 bankruptcy. This is a bankruptcy where you will consolidate all of your debt. You will only pay back a portion of your debt. This way, you have more affordable monthly payments.
The Lake Law Firm understands that this is a life changing decision. They are not going to pressure you into something that you are not ready for. They will explain the process of filing a bankruptcy to you and then leave the decision up to you. If you decide that you would like to file a bankruptcy, your lawyer will be there to walk you through this process.
Maybe you are intimidated by your creditors who are constantly calling you trying to get you to pay bills with money that you don’t have. If the phone calls continue after you have filed your bankruptcy, you can let your creditors know that you have filed and direct any further comments to your lawyer.
There is no shame in not making enough money to pay off your debt. We all make mistakes at one time or another. Before you allow your debt to bring you down, set up an appointment with a bankruptcy lawyer in Chicago. Your lawyer fully understands everything that needs to happen. It’s important to remember that you are going to have to go to court for your bankruptcy and your creditors will be there if they choose to do so. If this is something that you are nervous about, talk with your lawyer in advance. He can prepare you and let you know what to expect. This will give you time to think about how you are going to answer their questions.
