Chicago Chapter 7 &
13 Bankruptcy Lawyer
Bankruptcy Counsel & Foreclosure Defense
The Bentz Holguin Law Firm, LLC, is a full-service law firm providing the Chicago area with bankruptcy services, criminal defense, IRS debt negotiation services, and a complete range of additional legal services. If you need legal help, contact the Bentz Holguin Law Firm immediately for a free consultation. We understand that no matter how similar two cases may appear, no two cases are ever identical in all respects, and our attention to detail allows us to create winning strategies that are tailor-made to suit the needs of each client.
Our Chicago bankruptcy lawyers take pride in developing mutually beneficial relationships with our clients by ensuring that each client understands every aspect of his or her case or legal issue.
Chicago Chapter 7 Bankruptcy
If you are wrestling with overwhelming debt in the Chicago area – and the debt is winning – we can help. One option is filing a Chapter 7 bankruptcy, the most frequent kind of personal bankruptcy. A Chapter 7 bankruptcy discharges credit card debt, medical debts, auto loans, mortgage debt, and sometimes more. Since Chapter 7 bankruptcy is designed for average-income and low-income persons, you must pass a means test to qualify. The test compares your income against the median household income in Illinois. Almost anyone whose income is below the median will be eligible for Chapter 7 bankruptcy, but if your income is higher, you may still qualify under certain conditions. Bankruptcy isn’t for everyone who is struggling with debt, but for some, a Chapter 7 bankruptcy is the only realistic option. When you consult an experienced Chicago Chapter 7 bankruptcy lawyer at the Bentz Holguin Law Firm, we can evaluate your financial circumstances and offer you practical advice regarding the means test, bankruptcy, and your other legal options.
Chicago Chapter 13 Bankruptcy
A Chapter 13 bankruptcy is a legal tool that allows debtors to create and follow a realistic debt payment plan. When you file for bankruptcy under either Chapter 13 or under Chapter 7, an order for relief – an “automatic stay” – goes into effect. The automatic stay prevents creditors from harassing you about mortgage debt, credit card debt, auto loan debt, and medical bills during the period of the bankruptcy. A Chapter 13 bankruptcy usually allows those with a regular income to pay their debts over a period of three-to-five years, and it consolidates those debts into one monthly payment. It’s the legal way to avoid foreclosure or repossession and to begin managing out-of-control debt effectively. A number of factors determine if you are eligible to file a Chapter 13 bankruptcy. In the Chicago area, if you believe that a Chapter 13 bankruptcy might be best for you, speak right away with an experienced Chicago Chapter 13 bankruptcy lawyer at the Bentz Holguin Law Firm.
Contact Our Experienced Chicago Bankruptcy Lawyers Today
The larger law firms handle a huge volume of cases and often cannot give a particular case the special attention it needs. In those firms, the “smaller” cases are often passed on to junior associates who may not be adequately experienced or sufficiently qualified. The experienced Chicago bankruptcy lawyers at the Bentz Holguin Law Firm handle your case personally; you aren’t handed over to an assistant, and you never become just another case number. The Bentz Holguin Law Firm maintains high professional standards; provides affordable, quality legal services, and works hard to bring your case or legal concern to its best possible resolution. Contact the Bentz Holguin Law Firm today and schedule a free consultation by completing the form on this website’s contact page or by calling 312-647-2116.