The type of disability for which you file is usually contingent on
your economic situation. Generally, if you’ve lost your job and have
little income or savings, you can file for Chapter 7 bankruptcy.
Otherwise, you’ll need to file for Chapter 13 bankruptcy. In either
situation, it behooves you to hire an experienced bankruptcy lawyer.
Here’s why.
Expertise and Knowledge
Qualified bankruptcy lawyers in Rockford, IL, will have usually handled many bankruptcy cases over the years. They also employ highly experienced bankruptcy lawyers who can assist you with the application process. Your attorney will also know which documents you’ll need, including income tax forms and bank statements, to support your bankruptcy case.
Dissolves or Reduces Debt
With bankruptcy lawyers in Rockford, IL, you have access to legal counselors who can help reduce your debt. If you’re filing for Chapter 7 bankruptcy, your lawyer should be able to get most of your debts dismissed. However, income taxes cannot be written off. For a Chapter 13 case, your debt will typically be reduced to one convenient monthly payment.
Saves Assets
Bankruptcy
lawyers in Rockford, IL, can help you save your house or vehicle.
Furthermore, your lawyer will know under what conditions you can keep
these assets and help you set up a payment plan for staying current
on these assets.
With an attorney, you’ll have someone
who can represent you in court if necessary. Your attorney will
instruct you on how to answer the judge’s questions so that you have
a better chance of getting your debt reduced or dissolved.
Crosby
Law Firm,
which you can reach at 815-332-0281, is a highly reputable firm that
provides services for bankruptcy, divorce, child custody, family law,
criminal defense, immigration, real estate, and even wills and
trusts.
