Bankruptcy

Chapter 7 & Chapter 13 Bankruptcy Attorney In Elgin IL

Chapter 7 bankruptcy is a complete liquidation of your assets and discharge of your debts, and eligibility is based on the means test — a complex financial analysis of your assets and debt. Many times, most (if not all) of your unsecured debt will be discharged. That may include credit card debt, medical bills and personal debt.

Sometimes the thought of bankruptcy can be intimidating, especially if you fear that you will lose everything you own. That is one of the most common myths about bankruptcy. Many of our clients are able to keep their cars, homes and other personal property with Chapter 7, depending on their situation. Call our firm today at 847-888-9300 to schedule a free initial consultation and discuss your options for debt relief.

Get Knowledgeable Legal Advice From Our Elgin Chapter 13 Bankruptcy Attorney

Chapter 13 bankruptcy is for individuals who have a significant amount of assets or do not qualify for Chapter 7. With Chapter 13, your debt will be reorganized into a monthly payment plan that will be paid back over a three or five year period. This may not be the full amount you owe, because many times some (if not all) unsecured debt will also be discharged.

Your monthly payment will be determined by your bankruptcy attorney. After we carefully look at your expenses, liabilities and assets, we will work out a plan that is best for your situation. As a certified public accountant (CPA), attorney James P. Casement has a clear understanding of how to analyze financial situations and get clients on a path for success in the future.

Keeping Your Home

If you want to keep your home and stop foreclosure, Chapter 13 may be the best option for you. With Chapter 13 you are likely able to keep your home, even if you are upside down on a first and/or second mortgage. In some cases, you may even be able to discharge your second mortgage with Chapter 13.

We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.

Contact Attorney James P. Casement and Schedule a Free Consultation

If you are unsure of what road to take, call us today and schedule a free initial consultation to discuss debt relief options. At our firm, we will cater our services to meet your needs. We can be reached at 847-888-9300 or online.

We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.