Do you feel as though you are drowning in debt? While it may feel like you have dug yourself a hole with no way out, you do have options. Kepple Law Group is the firm you can trust to help you wipe out your debt. Our bankruptcy lawyer in East Peoria, IL can help you through the entire process from start to finish. We realize that the decision to file for bankruptcy is a difficult one, so let us make the rest of the experience as easy as possible. Call our office at (309) 282-1545 to schedule your appointment.
How to Get Rid of Debt
If you are overwhelmed with debt, there is a way out. Filing for Chapter 7 bankruptcy can completely discharge all your debt. While there are some exceptions, many clients find that they can start over and establish a stable financial future with the help of a bankruptcy lawyer in East Peoria, IL. Chapter 13 bankruptcy is also an option for individuals who don’t have the money to pay off their debt now, but they know they will in the future. Then there is Chapter 11 bankruptcy, which companies often choose to give them time to restructure their debts and obligations.
The first step is to schedule a free consultation with our attorney. It is helpful to bring the following information with you:
- Copies of credit card balances
- Medical bills
- Last two years of tax returns
- Pay stubs
- Other outstanding debts or bills
With this information, a bankruptcy lawyer in East Peoria, IL can guide you in the right direction. If you have questions, call (309) 282-1545.
Should I File for Chapter 7, Chapter 11, or Chapter 13?
It is common for clients not to know whether they are eligible to file for Chapter 7, Chapter 11, or Chapter 13. Chapter 7 has the potential to wipe out all your debts and leave you with a clean slate. It is a great option for many of our clients. However, not everyone qualifies for Chapter 7 bankruptcy. If you do not meet the “means test” to file for Chapter 7, you may still file under Chapter 13. This will allow you to make smaller payments on your debt for a period of time until the rest can be discharged. Chapter 11 is great for corporations, partnerships, and limited liability companies who need time to restructure their debts. Many companies who file for Chapter 11 bankruptcy do not end up closing their doors. Speak to an attorney for details.