Chapter 7 Bankruptcy
A Chapter 7 bankruptcy is the simplest and most common form of bankruptcy. A Chapter 7 bankruptcy eliminates (discharges) most types of unsecured debt. It is designed to give you a fresh start – so you can start over with a clean slate. A Chapter 7 bankruptcy is not a repayment plan. A Chapter 7 bankruptcy stops most collection actions against you and/or your property as soon as the bankruptcy petition is filed with the bankruptcy court. It quickly puts an end to collection calls, creditor’s lawsuits, wage garnishments, frozen bank accounts and the like. Filing of a Chapter 7 bankruptcy does not mean that you automatically lose your home, automobile or other assets. At Bruning & Associates, P.C. we will evaluate your financial affairs to determine whether a Chapter 7 Bankruptcy is the best option for you.
Bruning & Associates, P.C. has offices conveniently located near you in Chicago, Schaumburg and Crystal Lake, Illinois. Please contact Bruning & Associates, P.C. to schedule your free Chapter 7 Bankruptcy consultation.
Serving Chapter 7 Bankruptcy clients in Northern Illinois, including Cook County, DuPage County, Kane County, McHenry County, Lake County, Will County, Boone County, DeKalb County, Kendall County, LaSalle County, and Winnebago County.