Crystal Lake (815) 788-9511

Who should file for Chapter 7 Bankruptcy? (Cary)

Who should file for Chapter 7 Bankruptcy?

Chapter 7 debtors file for bankruptcy because, simply, there is not enough income to pay all their necessary living expenses and their debt.  There are many reasons why a debtor falls into this situation.

Here are some common factors:

  • loss of employment
  • reduced income
  • divorce
  • serious illness
  • unexpected expenses

If you are not able to pay your necessary living expenses and your debt, you may want to consider filing for Chapter 7 bankruptcy.  It doesn't matter if you are in default on your debt.  Even if you are current on all of your accounts, you can still file for bankruptcy at any time.

Contact us online or call us at 815-788-9511 for a free evaluation.

Contact Us

Law Office of Timothy Brown is committed assisting individuals in need of Debt Relief, Bankruptcy Litigation, Chapter 7, Chapter 13, Creditor Harassment Defense, Debt Collection Defense, and Foreclosure law issues in Illinois.

We will discuss your case with you at your convenience. Contact us today to schedule an appointment.