Chicago Lawyer Representing Clients Throughout the Niles Area
Personal Attention From an Experienced Illinois Bankruptcy Attorney
Enduring a troubling financial situation can be confusing and emotionally draining. Fortunately, with the guidance of an experienced Chicago bankruptcy lawyer, you can navigate through your case with minimal effort and stress, allowing you to obtain the fresh start that you deserve.
At the Law Office of Scott C. Polman, my experience and knowledge of the bankruptcy process will help you maximize the benefits you receive from your case.
What Debts Are Eliminated?
It's important to understand which debts will be eliminated through a discharge order in bankruptcy. While each case is different, and your individual results may vary, you can typically expect to eliminate all unsecured debts, including those related to:
- Credit cards
- Medical bills
- Personal loans
- Other unsecured debt
What Debts Are Not Eliminated?
Some common types of debts which are not eliminated by the Chapter 7 discharge order include:
- Debts for most taxes
- Debts that are domestic support obligations (such as child support, maintenance, etc.)
- Debts for most fines, penalties, forfeitures, or criminal restitution obligations
- Debts for most student loans
The Steps in the Bankruptcy Process
Once you've made the decision to file for bankruptcy, you may wonder about the initial steps in the process. First, a credit counseling course must be taken before your case is filed, and then a financial management class is required post-filing. However, I guide you through both of these requirements, and for your convenience, these courses can be taken online or by telephone.
Once your case is filed, a Section 341 Meeting of Creditors is scheduled, usually within four to eight weeks of the filing date. Rest assured, this isn't as worrisome as it sounds, and I'll be with you at the meeting to ensure that your rights are protected. More often than not, the meeting of creditors is a relatively quick and straightforward procedure, and creditors rarely attend.
In most cases, you'll receive your discharge order 60 days after the meeting of creditors, and at that point, your case will be closed, your debts will be discharged, and you'll be well on your way to a renewed financial beginning.
Contact my office online or call 847-292-1989 to schedule a free consultation to discuss your specific Chapter 7 bankruptcy questions or concerns.
Member of the National Association of Consumer Bankruptcy Attorneys (NACBA).
BAPCPA disclosure: My firm is a debt relief agency as designated by federal law. We help people file for bankruptcy relief under the Bankruptcy Code.
