Bankruptcy is an economic tool written into the Constitution, not a personal failing. A Chicago bankruptcy attorney on why the shame is the biggest obstacle.
Chapter 7 eliminates debt fast. Chapter 13 repays it over three to five years to save a home or car. A Chicago bankruptcy attorney explains which fits which situation.
Most gainfully employed people with no money left at month end qualify for Chapter 7. How the Illinois median income test works, from a Chicago bankruptcy attorney.
In most cases, no. How the Illinois homestead exemption — now $50,000 per owner as of 2026 — decides whether Chapter 7 or Chapter 13 protects your home.
In most cases you keep the car and keep paying. How reaffirmation works and how the Illinois motor vehicle exemption applies to a paid-off vehicle.
Yes — filing stops a wage garnishment immediately, under Chapter 7 or Chapter 13. What the automatic stay does and why waiting costs you money.
Yes. Chapter 13 stops a foreclosure and lets you repay mortgage arrears over three to five years while resuming your regular payment. A Chicago attorney explains.
Your score takes an initial hit, but most people rebuild within six to twelve months and can finance a car almost immediately. A mortgage is realistic in about two years.
Court costs are $338 for Chapter 7 and $313 for Chapter 13. Attorney fees vary, there is always a payment plan, and Chapter 13 fees roll into the consolidation.
Talk to an attorney. The consultation is free and answers what you qualify for, which debts go, the cost and the timeline — before you commit to anything.