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DuPage County Chapter 7 Bankruptcy Attorney

Chapter 7 Bankruptcy

Bankruptcy laws are designed to give people a second chance. If you are struggling with debt, Chapter 7 may be the answer for you. Millions of people have used Chapter 7 to obtain relief from debt problems.

Chapter 7 bankruptcy, also referred to as “straight bankruptcy” or “liquidating bankruptcy”, allows you to “wipe out” or discharge your debt while keeping certain assets. The law allows you to designate a certain amount of property as exempt. If the amount of property you own is within the exemption limits, the trustee will find that there are “no assets” and you will be allowed to keep all of your property.

Any assets over the exemption limit are distributed amongst your creditors in lieu of your debt. This provides you with a fresh start that is debt free. In most Chapter 7 cases, you will keep all of your property. The discharge you receive means that you are no longer legally obligated to pay your creditors, with the exception of certain debts such as car and home mortgage payments.

If you are considering bankruptcy and want to learn more about your legal rights and options, contact the Law Offices of Nella E Mariani, P.C. and visit one of our DuPage, Cook, Will, Lake, or Kane county locations.

Discharging Debts Through Chapter 7 Bankruptcy

Chapter 7 bankruptcy is designed to give people with debt problems a fresh start. A Chapter 7 may allow you to:

  • Eliminate or significantly reduce your debt
  • Stop auto repossession
  • Stop judgment or garnishment
  • Stop utility shut off
  • Stop creditor harassment

Type of Debts Discharged in Chapter 7

Most unsecured consumer debt can be discharged in a Chapter 7. Examples of unsecured debt include credit card debt, payday loans, medical bills, judgment and utility bills.

Eligibility for Chapter 7 Bankruptcy

To be eligible for Chapter 7 bankruptcy, you must meet an economic means test that considers your income and your ability to repay your debts. Most people who contact The Law Offices of Nella E. Mariani, P.C. are pleasantly surprised that they are eligible for Chapter 7 relief. Even if you do not qualify for a Chapter 7, you may be able to discharge some of your debt in a Chapter 13. To determine your eligibility for Chapter 7 bankruptcy, contact us.

Advantages of Chapter 7

  • “Wipes out” unsecured debt so you are no longer legally obligated to pay creditors (certain exceptions such as child support, student loans, loans induced by fraud, fines, certain taxes, and secured debt that you wish to keep such as home or car)
  • Discharge Within a Short Period of Time (typically 6 months from the filing of your case)
  • A Fresh Start!

Bankruptcy Experience That Works for YOU

Attorney Nella E. Mariani has more than a decade of experience in bankruptcy, debt relief, and bankruptcy litigation. Her practice focuses exclusively in bankruptcy and debt relief matters. She works closely with each client and provides them with a high degree of knowledge, professionalism, and sensitivity.

If you need to speak to an experienced Illinois bankruptcy attorney, contact the Law Offices of Nella E. Mariani, P.C. to schedule your FREE CONSULTATION.

Committed to making a positive difference in your financial future

Debt Relief Options Locations

The Law Office of Nella E. Mariani, P.C.

600 S.County Line Road, Suite 2N
Bensenville, IL 60106
Phone: 630-290-7580
Fax: 630-595-5901