The world can be rough today, and finding oneself in a financial bind is quite common. Many different things can lead someone to seek a bankruptcy attorney in Chicago, and it might be the right solution for you. If you have so much debt that you can't pay it all off, medical bills, credit cards, and now you have now job or diminished hours, you aren't alone. Countless people are in the same situation, and contacting a Chicago bankruptcy attorney could be the one thing that shows you the light at the end of the tunnel.
When you have a Chicago bankruptcy attorney helping you with your case, the lawyer will be able to make sure that you file everything properly, and that you know the proper procedures of how to file successfully. With the changes that have gone into effect in recent years regarding the bankruptcy laws, it is important that you have someone on your side who knows these changes and who is able to ensure that you complete your paperwork properly and that you abide by the rules. When you are working with a great bankruptcy attorney in Chicago, you will find that you have an automatic stay once you file. This is certainly a good thing for anyone harried by creditors.
What is a Bankruptcy Automatic Stay?
The automatic stay means that creditors are no longer going to be able to take action against you. This means that they will not be able to contact you by phone or in the mail regarding money that you might owe to them. If they do contact you, get in touch with your Chicago bankruptcy attorney and let him or her know. Your bankruptcy attorney in Chicago will be able to talk with them and make sure that it doesn't happen again.
In addition, the creditors will not be able to file lawsuits against you, and they will not be able to proceed with any lawsuits that they might already have started. Your bankruptcy attorney in Chicago can make sure that they do not repossess your property, garnish wages, or foreclose on you, and that they don't file liens or judgments against you too.
When Do Bankruptcy Automatic Stays Not Apply?
Of course, you will find some instances that the automatic stay is not going to apply in as well. If you owe child support or alimony, you are still going to have to meet those obligations. Still, the Chicago bankruptcy attorney will be able to take quite a weight off your shoulders by eliminating the contact with creditors that could be causing you undue stress.
The last thing that you need is more problems in your life. Get in touch with a bankruptcy attorney in Chicago today and talk about your case. For some, filing bankruptcy is the best option, a way to start over in life and do things differently the second time around. Do not let another creditor harass you on the phone! Get the help you need today.