The COVID-19 pandemic has damaged the economy, leaving many families and business owners worried about how they will pay for even the most basic expenses. In the midst of this crisis, you might be considering filing for bankruptcy or wondering how COVID-19 will affect an existing bankruptcy filing.
No matter your situation, Chicago Bankruptcy Law Firm of Daniel J. Winter is here to help give you the answers and assistance that you need. We are more than happy to explain to anyone in financial distress exactly what their options are.
To schedule a consultation with an experienced Chicago bankruptcy lawyer, contact us at (312) 789-9999 or
Chapter 7 bankruptcy discharges (eliminates!) all of your unsecured debts (credit card, medical). You will not have to pay them back. You get a clean slate. And, by consulting with an experienced attorney, you will find out what you can protect in your situation.
Chapter 13 bankruptcy offers a debt consolidation approach. If you want to keep your possessions, Chapter 13 is a good option. It stretches out your payments and allows you to pay secured debts, which include anything that has collateral attached to it, such as mortgages and car payments.