Why Should I Consider Filing for Bankruptcy?

Seasoned DuPage County Attorneys Explain Bankruptcy

Bankruptcy can sound like a scary word when examining your financial situation. Although it seems like a largely negative step to take, there are advantages to taking that route. Our seasoned attorneys at Davi Law Group can help look over your financial situation and see if filing for bankruptcy is in your best interest.

Bankruptcy may not always be the best approach in all financial situations, but if your circumstances call for it, it can be a good path to take towards financial freedom for yourself. What happens upon filing is that you immediately stop creditor harassment that you may be receiving in the form of letters or phone calls regarding past due bills. You will also be able to eliminate other kinds of unsecured debts that can include outstanding medical bills or large balances on credit cards.

In some cases, filing bankruptcy may allow you to have a vehicle returned or released that may have been impounded because of unpaid parking tickets. One of the biggest misconceptions with filing bankruptcy is that many believe you will need to sell everything you own in order to pay off your creditors. The great news is, that is just not true at all. Most of the time, you can keep your property while eliminating your credit. This gives you the opportunity to begin rebuilding your credit with a clean financial slate once your bankruptcy is officially over.

At Davi Law Group we have many skilled and experienced attorneys who can answer any questions that you may have regarding potentially filing for bankruptcy. You want to make sure that it is the best option for you before attempting to file. Our offices can be found in Wheaton, Chicago, Joliet, and Warrenville. Just give our office a call at 630-580-6373 to meet with a member of our team as soon as possible.