Filing bankruptcy is a process that is going to change your life. It is going to allow you to press a reset button on the financial aspects of your life that you never thought you’d be able to press. All of those annoying phone calls and letters from creditors are suddenly going to stop. The unfortunate downside is that getting to press that glorious reset button is not as easy as most people wish it was. The process is so complicated that most people have no choice but to reach out to chapter 13 bankruptcy lawyers in Chicago.
It only makes sense that someone would want to know what Chapter 13 bankruptcy lawyers in Chicago do before they rush out and hire one. This is a lawyer that is going to explain your best bankruptcy option. This just means they are going to tell you whether you should be filing a Chapter 7 or a Chapter 13. They will also discuss what you are eligible for. For example, you might make too much money to file for a Chapter 7. You could, on the other hand, have way too much debt to file a Chapter 13. Figuring out where you fall on the bankruptcy scale can be overwhelming and time consuming. Fortunately, bankruptcy lawyers know this process like the back of their hand and can walk you through it with ease.
You have to understand that when you file a Chapter 13 you will not be starting over the same way that you would if you filed a Chapter 7. Chapter 7 is something that is reserved for individuals who are piled under way more debt than they can afford to pay. It is usually someone with tons of credit card bills and a minimum wage job. Chapter 13 is more for someone who just needs some help with getting their debt situation under control.
When you file for bankruptcy the phone calls from credits should stop coming. They have no reason to contact you anymore. If they do continue to contact you, you just need to refer them to your lawyer. Your lawyer will be able to explain why they should not be calling you anymore.