3077 W. Jefferson Street, Suite 107, Joliet, IL 60435

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Will County Chapter 7 Bankruptcy Attorneys

Naperville Chapter 7 Bankruptcy Lawyer

Lawyers Assist Clients with Chapter 7 Bankruptcy in Naperville, Joliet, and Plainfield

If you are drowning in debt with little income with which to repay, bankruptcy may be a good way to get a fresh start. The most common type of consumer bankruptcy is Chapter 7. Also known as a "straight" or "liquidation" bankruptcy, Chapter 7 bankruptcy forgives most unsecured debts, allowing debtors to obtain a new lease on their financial life.

At Scheinbaum & West, LLC, we are dedicated to helping individuals resolve financial problems in the most practical and effective way. Our attorneys have over 35 years of experience representing clients for Chapter 7 bankruptcy, and we have helped thousands of individuals and families get back on their feet after a financial setback. We understand the complexities of federal bankruptcy laws, and we work closely with clients to determine the best course of action based on their individual circumstances.

Chapter 7 Bankruptcy Basics

Chapter 7 allows consumers and small business owners to eliminate debt. Most types of unsecured debt can be discharged through Chapter 7, including:

  • Credit Card Debt
  • Medical Bills
  • Payday Loans
  • Unsecured Personal Loans
  • Automobile Deficiencies
  • Former Landlord Debts
  • Most Wage Garnishments

There are a few types of unsecured debt that are still owed at the conclusion of a Chapter 7 bankruptcy case:

  • Student Loans
  • Child Support
  • Most IRS and Illinois Department of Revenue Taxes

By filing for Chapter 7, you can put an immediate stop to creditor harassment. Bankruptcy imposes an automatic stay on creditors that forces them to cease collection activity and stops most civil procedures and wage assignments. From start to finish, Chapter 7 bankruptcy cases take about four months to complete, and those who file with the assistance of a skilled attorney have a very high success rate of obtaining a fresh start.

Will Chapter 7 Bankruptcy Work for Me?

Chapter 7 bankruptcy can be a very good option for many people who are in financial trouble, but it is not for everyone. First and foremost, you need to find out if you qualify for Chapter 7 bankruptcy. Only consumers and small business owners may file, and you must not have filed for Chapter 7 within the past eight years. You must also meet certain income and financial requirements, such as earning below the Illinois median income.

Assuming you qualify, we will discuss if Chapter 7 bankruptcy is the right option for you. In general, the best candidates for Chapter 7 are those with lower incomes, few assets, a high amount of unsecured debt, and those who have trouble meeting their monthly financial obligations. If you meet these criteria, then there is a very good chance that Chapter 7 bankruptcy may be right for you. If you have a higher income and more assets but still have trouble paying your monthly bills, then Chapter 13 bankruptcy might be a better option for you.

Speak With a LaSalle County Chapter 7 Bankruptcy Lawyer

Financial struggles can be a major burden, especially if you are having difficulty getting caught up. For many people, Chapter 7 bankruptcy is the answer. Filing for Chapter 7 can get you out from under the mountain of debt you have, so you can start fresh and move forward with your life. If you are deep in debt and want to learn more about Chapter 7 bankruptcy, contact our office today at 815-729-9860.

We represent clients in Chapter 7 and Chapter 13 Bankruptcies in Joliet, Will County, Bolingbrook, Plainfield, Naperville, Cresthill, Lockport, Homer Glen, Mokena, Ottawa, LaSalle County, and surrounding Illinois communities.


3077 W. Jefferson Street, Suite 107, Joliet, IL 60435

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