Illinois Chapter 7 Bankruptcy Attorney

Today’s struggling economy has many individuals and families in difficult financial straits. The loss of a job, overwhelming mortgage payments, medical bills and market losses have all made bankruptcy necessary for more and more people. At Handley Law Offices, we offer our clients experienced and understanding counsel through the challenging process of Chapter 7 bankruptcy.

How Bankruptcy Helps

Bankruptcy is not for everyone, but for those who are facing foreclosure, vehicle repossession and constant harassment from bill collectors and creditors, Chapter 7 bankruptcy may be a viable solution. At Handley Law Offices, we help our clients determine if indeed bankruptcy is in order and represent our clients’ interests throughout the bankruptcy petition process.

Chapter 7 bankruptcy, also known as “liquidation” or “straight bankruptcy” can be a confusing procedure because some debts are dischargeable by the court and some are not. Additionally, some assets are exempt from liquidation. At Handley Law Offices, we help to educate our clients on what type of relief they can expect from Chapter 7 bankruptcy and what, if any debt, will remain.

New Bankruptcy Rules

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) has made filing more difficult than it once was. Chapter 7 filers must now undergo a means test to determine if they qualify. Additionally, credit counseling budget analysis is required. Our firm is experienced in navigating the new rules of bankruptcy and helping our clients get the fresh financial start they need.

Contact us today to schedule a consultation and discuss whether Chapter 7 bankruptcy is right for you.