Joseph P. Doyle
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The Benefits of Bankruptcy

When Bankruptcy Is a Beneficial Option

Bankruptcy is something that most people want to avoid; but with soaring unemployment rates, pay cuts, layoffs and high rates of debt, bankruptcy is an option that in recent years, millions of people have chosen for their financial problems. At our firm, we have a reputation for providing top quality legal service, and our one-on-one legal counsel has proven to be highly beneficial to the many people in the Kane County area that we have represented in bankruptcy.

If you are in economic distress, filing for bankruptcy may relieve you of your financial hardships. If you are struggling to pay your bills, consider the following benefits of bankruptcy:

  • Discharges most debts: You will be discharged of your unsecured debts, including credit cards, medical bills, car payments and various other types of debt. When filing for Chapter 7 bankruptcy, you can be discharged in about 90 days. If you are filing for Chapter 13 bankruptcy, you will be discharged once you have successfully completed your repayment plan.
  • Creditors will stop harassing you: When you file for bankruptcy, creditor harassment will cease. As soon as you file a petition for bankruptcy, you will enjoy the benefits of a court order called an "automatic stay," which prevents your creditors from contacting you by any means.
  • You can keep certain property from liquidation: It is a common misconception that when filing for bankruptcy, all of your property is liquidated. Bankruptcy law protects certain property from being liquidated, and the large majority of people lose nothing other than debt.
  • A fresh start: Once your debt is discharged, you will have a fresh financial start. With no more debt, you will be able to start anew, without financial strain.

Our Kane County bankruptcy lawyer Joseph P. Doyle has assisted many people in filing for bankruptcy. Contact our Kane County bankruptcy attorney today to learn more about the benefits of bankruptcy and find out whether filing for Chapter 7 or Chapter 13 bankruptcy is right for you. We will be happy to answer any and all of your questions.

105 S. Roselle Road, Suite 203 Schaumburg, IL 60193

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Call today for a free bankruptcy evaluation consultation. 847-985-1100

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Joseph P. Doyle - Kane County Bankruptcy Attorney
Located at 1646 Ravine Lane, Unit 202 Carpentersville, IL 60110. View Map
Phone: (847) 994-2520 | Local Phone: (847) 985-1100.