Did you lose your job or possibly incur a substantial amount of debt from a divorce or personal injury accident? No matter your situation, you may have started to rely on credit cards to make ends meet. Unfortunately, as you're well aware, using credit cards as a crutch can cause your finances to spiral out of control.
Bankruptcy Can Help You Regain Control Of Your Finances
If you're only making minimum credit card payments, then you're barely making a dent in your credit card bills. However, eliminating credit card debt is possible. I'm Scott C. Polman, an experienced bankruptcy lawyer in Niles, Illinois. I started my law firm to help clients regain control of their financial situation through consumer bankruptcy. You can get out from underneath unmanageable credit card debt. Contact me to schedule an initial consultation where I'll explain how you can gain a fresh start.
Filing For Bankruptcy Can Eliminate Credit Card Debts
Relying on credit cards is nothing more than a bandage solution. You're putting yourself in deeper debt and risk ruining your credit. The smarter decision is to end this cycle. During an initial consultation, I can help you understand if you qualify for Chapter 7 debt relief.
This form of bankruptcy is designed to help individuals and families who are buried with debts and make less than the median income level in Illinois. If you qualify for Chapter 7 bankruptcy, most of your unsecured debts will be wiped away. This would include your credit card debts, medical bills and any unsecured loans. You would no longer have to worry — Chapter 7 bankruptcy would provide you with the peace of mind knowing your credit card debts are eliminated.
Even if you do not qualify for Chapter 7 bankruptcy, you still have options. Chapter 13 bankruptcy provides financial relief to individuals and families making more than the median income level in Illinois, or have assets that would be at risk in Chapter 7. Anyone who qualifies for Chapter 13 bankruptcy can have his or her debts reorganized into a reasonable payment plan over three to five years. After this time period, any remaining debts, including your credit card debt, would be discharged.
Contact A Niles Bankruptcy Lawyer
I understand you likely feel trapped if you're dealing with a substantial amount of credit card debt. As an experienced bankruptcy attorney, I can help you break free from debt that has spiraled out of control. Call 847-292-1989 or use my online contact form to learn how I can help you regain control.
BAPCPA Disclosure: My firm is a debt relief agency as designated by federal law. I help people file for bankruptcy relief under the Bankruptcy Code.