Belleville Chapter 7 Bankruptcy Lawyer
Chapter 7 bankruptcy is the easiest form of bankruptcy for an individual to declare. In most cases you can protect all of your property with exemptions allowed under state law. If you own more property than you can protect in Chapter 7, you can usually file a Chapter 13 to protect the excess assets. Normally you are able to discharge all of your unsecured debt, including credit card debt, medical bills and pay day loans. Filing for bankruptcy will also put an immediate stop to creditor harassment and wage garnishment. In addition, this allows for a temporary stop to the foreclosure of your home, or the repossession of your car.
Initially, in order to qualify for Chapter 7, you must pass the means test. The means test is determined by comparing your income to the median income of a family your size in your geographic area. Even if you don’t pass this first requirement, there is a more extensive test you can take which will factor in other financial considerations. Those who do not pass the extended test are still able to file Chapter 13. Contact Dixon & Johnston to discuss your current financial situation and your eligibility for Chapter 7.
St. Clair County Personal Bankruptcy Attorney
When filing for bankruptcy, it is important to have a knowledgeable legal firm on your side, like Dixon & Johnston. Bankruptcy can be a scary thought, and a confusing process. The lawyers at Dixon & Johnston can help relieve your stress by explaining all your options and helping you find a solution that fits your financial needs.
HAVE MORE QUESTIONS ABOUT CHAPTER 7 BANKRUPTCY?
View the Chapter 7 Bankruptcy FAQ page, or contact Dixon & Johnston today!
Free Initial Consultation
From our offices in Belleville, Illinois, Dixon & Johnston Law Office represents clients in communities throughout Southern Illinois and the Metro East region of Illinois. Contact us at 618-233-1103 to schedule a free initial consultation with one of our accomplished attorneys today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.