Understanding The Benefits Of Bankruptcy
At NextStep Bankruptcy Law, we understand why you may be hesitant about filing for bankruptcy. Although this debt relief tool is legal, some people view it in a negative light. It takes time and diligence to complete the process. After exiting bankruptcy, your credit score will initially take a hit.
These drawbacks may have prevented you from filing Chapter 7 or Chapter 13 bankruptcy in the past. However, there are many more benefits you should consider before you disregard bankruptcy as a valid option. If you are overwhelmed by debt, we can help you find a way forward.
We Tailor Our Approach To Suit Your Needs
When you choose to partner with NextStep Bankruptcy Law, we look out for your interests from day one until your matter is resolved. Our attorneys share decades of legal experience that they use to find the best approach to your financial problems. Because we are a boutique firm, you will work closely with a skilled attorney throughout your case. We make it our mission to reduce your stress as we reduce your debt obligations.
With our assistance, residents throughout Chicagoland have gained a variety of benefits from filing, which include:
- An end to creditor harassment: When you retain us, we will notify your creditors, who then will be required to stop debt collection actions such as wage garnishment, foreclosure, collection letters and car repossessions.
- A strategy for reducing debt: Depending on your situation, you may qualify to eliminate or drastically reduce the money you owe to payday loan operators, credit card companies and health care providers. These savings could allow you to direct your funds toward other expenses such as a mortgage or car loan.
- A path toward improving your credit: After you exit bankruptcy, you will have a clean slate. Without debt holding you back, you can pay your bills on time and gradually improve your credit score. By working diligently to remain on top of your finances, you may qualify for reasonable mortgage rates and favorable terms for car loans.
These are just a few of the positive outcomes associated with filing for bankruptcy and completing the process. We invite you to learn more about this approach to debt reduction during a free initial consultation.
Make Your Appointment Today
For your convenience, you can reach our firm online or over the phone at 312-667-7717. We offer no-cost, no-obligation consultations because we want to help you make smart decisions about your future.