If you’ve been dealing with debt for a while, and you just haven’t kept up, odds are that one or more of your creditors (companies you owe) will get a judgment in court against you. A judgment is a court officially saying that you owe that company, and it gives the creditor the ability to collect against you. It is important to deal with this right away.
It could be from a credit card, payday or other loan company, or from a mortgage foreclosure. Also, if your vehicle is repossessed, you could have a judgment against you and start to collect money from you. We can help protect you from court judgments. You need to act quickly, though!
The creditors can seize your bank accounts, freeze them, and garnish your paychecks (legally require your employer to money from your check to pay the company you owe) right after a court judgment. The creditor could also place a lien on your house, which means that it has to be paid if your house is sold or refinanced. Bankruptcy can stop or prevent these things and release the freeze on bank accounts and stop the “brick” on your check.
You should call an experienced attorney who deals with Debt Defense, Chapter 7 or Chapter 13 Bankruptcy right away to see if you are eligible. Take a look at this article from Fox Business, which discusses what to do if a creditor gets a court judgment, and how to find an attorney from NACBA, an organization of knowledgeable attorneys throughout the country who stay up to date on the best way to protect consumers. And, request a copy of my 7 Secrets to Successful Chapter 7 and 13 Secrets to Successful Chapter 13 Bankruptcies. We offer free consultations and have offices in Chicago, Gurnee, Oak Lawn, and Skokie, Illinois.
Daniel J. Winter
BankruptcyLawChicago.com
312-427-1613
