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DEBTSTOPPERS
The experienced Illinois bankruptcy attorneys!
Find out if you qualify today!Leading Experts
Chapter 7 and 13
20+
Years of experience
100,000 +
Clients
24/7
Availability & Client Support
The experienced Illinois bankruptcy attorneys!
Find out if you qualify today!Chapter 7 and 13
Years of experience
Clients
Availability & Client Support
Debtstoppers can help you determine which type of bankruptcy is best for your situation. Filing for bankruptcy can be complex but Debstoppers streamlines the legal journey for you. Our experienced bankruptcy attorneys are here to help you every step of the way!
Our attorneys can help evaluate your financial situation and help you determine if Chapter 7 or Chapter 13 is a better fit for your situation.
Chapter 7 involves liquidating non-exempt assets to pay off debts, while Chapter 13 involves creating a repayment plan to pay off debts over time. It’s important to understand which chapter is appropriate for your situation.
To find out if Chapter 7 or Chapter 13 bankruptcy is right for you, contact Debstoppers today for a free consultation.
We Prepare All Filing Documents For You
We Collect Your Tax Returns And Credit Reports For You
We Deal With Your Creditors
We Provide Independent Credit Counseling Right In Our Office
We consistently advocate for your best interests, ensuring thorough representation.
We provide tailored strategies, always considering your specific circumstances.
To us, our clients are paramount. We offer understanding and dependable support throughout.
Clear and honest communication is a cornerstone of our practice. You're always informed.
Your concerns are our concerns. We aim to navigate the legal process smoothly for you.
They're pretty great. 2020 had me down and out, constantly punching up. I would get ahead and then get pushed down a bit further. Reduced work hours and days helped bills to pile up. Reached a moment when I needed them and they were immediate. As far as I know, I'm still waiting for a few loan places to even respond to me. These guys worked fast
I have been struggling to pay my bills for the last few years. The thought of bankruptcy made me ashamed. One phone call and a discussion put my mind at ease. This stress is NOT worth the rest of my life. I have been making myself sick with worry, thinking there was just no solution. I now know this nightmare will be over in a few months and I can pay my mortgage and enjoy my life a bit more. I’ve been able to breathe easier thanks to the empathy and caring people at DebtStoppers. I owe them each a huge debt of gratitude.
Filing bankruptcy was a very hard decision but one that health wise had to be made. Debt stoppers made it the easiest part of my life! Thank you all so much for all you did 😊
Debt stoppers was the best choice I could have possibly made for my chapter 7 filing! They were knowledgeable, helpful and attentive to my needs & answered all of my questions & responded quickly to every email I sent even after my case was discharged. Can't recommend them enough!!
4000$. Debts in city tickets and a vehicle accident, my driver license was being suspended for payments, I filed now I’m good. Thanks to Debt stoppers.
This is my first time filing, was skeptical, but then I remembered my sister used them 12yrs ago & it worked out for her so here i am, my experience with the staff was very pleasant they was on top of their game. I'm glad I went for help, and help they did. So I thank you all so much
Thus far my experience with Debtstoppers has been very positive. Every attorney or paralegal that I have spoken with had been professional, knowledgeable, and very helpful. I look forward to a continuing fruitful experience.
Went to debt stoppers on a referral, and it was honestly the best decision I made for my financial sanity. Everyone is helpful and knowledgeable and the process is painless. Just gather all your paperwork and go see them to make your life less stressful and get a fresh start. I probably would have done it sooner had I'd known the simplicity.
Most firms demand hundreds of dollars in upfront fees before they file your Chapter 7 bankruptcy case. At Debtstoppers, we spend our money to get you out of debt. We advance your court costs, file your Chapter 7, and get you out of debt for zero upfront.
Chapter 7 bankruptcy is a legal process that allows individuals or businesses to discharge most of their unsecured debts by liquidating their nonexempt assets. Chapter 7 bankruptcy is also known as "liquidation bankruptcy" or "straight bankruptcy".
To qualify for Chapter 7 bankruptcy, you must first pass a means test. The means test compares your income to the median income in your state and determines whether you have enough disposable income to repay your debts through a Chapter 13 repayment plan. If your income is below the state median or you do not have enough disposable income to fund a Chapter 13 plan, you may be eligible for Chapter 7 bankruptcy.
The ultimate goal of Chapter 7 bankruptcy is to obtain a discharge of most unsecured debts, such as credit card debt, medical bills, personal loans, and certain types of taxes. Once the bankruptcy court grants the discharge, you are released from personal liability for those debts, and creditors are prohibited from taking any further collection actions against you.
A person or business can initiate Chapter 7 bankruptcy proceedings by filing a petition with the bankruptcy court in their jurisdiction. Upon filing the petition, an automatic stay goes into effect, which halts most creditor actions, including collection efforts, lawsuits, wage garnishments, and foreclosure proceedings.
Upon filing for Chapter 7 bankruptcy, a trustee is appointed to oversee your case. The trustee's primary responsibility is to review your assets, liquidate any nonexempt property, and distribute the proceeds to creditors. However, many assets are protected from liquidation through exemptions provided under federal or state law.
Exempt assets, such as a certain amount of equity in a primary residence, personal belongings, retirement accounts, and tools of the trade, are protected from liquidation up to certain limits.
Not all debts are dischargeable in Chapter 7 bankruptcy including child support, alimony, most tax debts, student loans (unless a hardship can be proven), debts arising from fraud or willful misconduct, and court-ordered restitution or fines, are generally nondischargeable.
Chapter 7 bankruptcy can provide you with a fresh start by eliminating overwhelming debt burdens and allowing you to rebuild your financial life free from unmanageable debt obligations.
To successfully file Chapter 7, it is essential to consult with a qualified bankruptcy attorney to assess your specific financial situation, explore your options, and determine whether Chapter 7 bankruptcy is the right solution for your circumstances.
The experienced Chapter 7 bankruptcy attorneys at Debtstoppers can guide you through the bankruptcy process, protect your rights, and help you achieve a favorable outcome.