Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Should I File Missouri or Illinois Chapter 7 Bankruptcy?

 Making the decision to file bankruptcy in Missouri or Illinois is not always as simple as “yes” or “no”—but it doesn’t have to be very complicated. There are a few important factors to consider before you take the plunge but, after 15 years as a St. Louis Missouri and Fairview Heights Illinois bankruptcy attorney, I know that the decision usually becomes clear after you find the right information. Here are a few reasons that you may want to file a Chapter 7 in Missouri or Illinois.

• It can take as little as 90 days. I’m sure your debt seemed to have no end but, with a chapter 7 bankruptcy, there is a foreseeable end to harassing creditor calls, foreclosure notices, and wage garnishments from which you’ve been suffering.

• You could keep most of your property, if not all, and you pay back little to nothing of your unsecured debts. One of the biggest myths about bankruptcy is that you’ll lose everything you have. Most people who file a Chapter 7 don’t lose any property at all. The role of your Missouri or Illinois bankruptcy lawyer should be to protect your property and ensure that you don’t have to pay much—or anything—to do it.

• You can finally breathe a sigh of relief. While this may seem somewhat trivial, don’t underestimate the power of stress. Filing bankruptcy means getting relief from those harassing creditors, getting credit card debt help, getting protection from foreclosure, and getting back to normal.

Still unsure? Request a free copy of my ultimate Missouri and Illinois bankruptcy book, “Get Out of Debt,” by clicking here.