Types of Debt Eliminated Through Bankruptcy
Bankruptcy Lawyer Serving Chicago, Illinois
Many Americans find themselves overwhelmed by credit card debt, personal loans, tax bills and mounting mortgage payments. In today’s economy, many are unable to keep up with their payments and have fallen behind. Creditors begin to harass and call constantly when you have gotten behind on you payments. You may not know what your options are.
At Law Offices of David Freydin, we are experienced Chicago bankruptcy attorneys who can provide you with answers to your questions. We will be able to assist you with the correct procedure to use to handle your debt and free you from the worry and stress you are experiencing.
Chapter 7 and Chapter 13 handle debt differently. Chapter 7 can eliminate most types of debt, such as personal loans, credit card bills, car repossession deficiencies, medical bills, department store bills, even utility bills. Chapter 13 will restructure the debt you have and eliminate most of your debt through your Chapter 13 repayment plan.
There are, however, certain types of debts that cannot be discharged through bankruptcy. These types of debts include:
- Some Income Taxes
- Child support
- Spousal support payments
- Most student loans
- Court-ordered fines or penalties
- Restitution owed to injury victims or crime victims
Get help from Law Offices of David Freydin!
Filing for bankruptcy allows people to get their finances under control and start fresh. Being able to eliminate or restructure your debt will allow you to get back on your feet and look forward to a positive future. It is important you get all the available help you need in making the proper decision for handling your financial situation. With the help of the caring and compassionate staff at Law Offices of David Freydin, we will formulate a plan to get you back on firm financial footing. We urge you to contact us today to obtain the information you need.
Eliminate your debt through bankruptcy. Find out how by contacting a Chicago bankruptcy attorney at the Law Offices of David Freydin
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Our Client Testimonials
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"Wonderful to Work With & Very Accessible"The guys are wonderful people to work with and they are very accessible and always willing to answer any questions you may have no matter how stupid you think they may be. I will definitely recommend they and use them again if needed in the future.Chapter 7 ClientChicago, IL
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"He Always Returned Our Calls and Emails"Deciding to file bankruptcy was not an easy decision. Mr. Glanzer spent a great deal of time with me and my husband discussing the various options available to us. He answered all of our questions and always returned our calls and emails. Thanks to him, my husband and I now have our fresh start. We are so grateful for his compassion and time. I highly recommend him.Deborah, Chapter 7 ClientChicago, IL
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"He Took the Time to Explain Everything"I so appreciated Mr. Glanzer's patience in helping me through a challenging time. He took the time to explain everything to me very thoroughly to be sure I fully understood. I'm very grateful to have found him and would highly recommend him.Chapter 7 ClientChicago, IL
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"A Very Hands on Attorney - Patient & Attentive"I found Mr. Glanzer to be a very hands on attorney. Anytime I had any questions or concerns I felt very comfortable calling him and he was very patient with answering all my questions.Chapter 7 ClientChicago, IL
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"Forget All the Others, this Firm is the Real Deal!"Charles is an excellent attorney. All of our questions were answered and no question was looked at as dumb. They give all their clients their full attention and you don't see that with too many lawyers. Though we have finished our case with them, they still took the time to answer questions that I had afterward. I would recommend them to anyone who is looking for a bankruptcy attorney.V and M Natour - Chapter 7 ClientsChicago, IL
