Wheaton, IL Bankruptcy Attorneys

DuPage County Bankruptcy Lawyers

Household debt is at one of the highest levels in history when compared with disposable income. In other words, American families are under intense pressure to pay rising costs, and most households have very little savings or credit with which they can weather the financial storms of life. Almost any financial crisis, such as a divorce, job loss or illness, can be enough to shatter the delicate balance between income and expenses.

At the Law Offices of Salvatore C. Miglore & Associates, we are committed to helping families through the difficult times we all face from time to time, be they legal or financial, or both. Our bankruptcy attorneys are equipped to do just that. We can show you options for dealing with your debt that give you the fresh financial start you and your family deserve.

Many people with money problems feel embarrassed and isolated. But “bankruptcy” does not mean “failure.” Bankruptcy is a way to learn from past financial mistakes and then reach your goals in a more realistic fashion.

Today's bankruptcy code gives consumers several different filing options:

• Liquidation: A Chapter 7 Bankruptcy can eliminate most unsecured debt, such as credit cards, medical bills and payday loans, in only a matter of months, in most cases. Even better, debtors can keep most or all of their assets.
• Restructuring: For various reasons, many people may become delinquent on an auto loan, mortgage loan or other secured asset. Chapter 13 Bankruptcy can give you either three or five years to catch up on these payments.
• Reorganization: Chapter 11 Bankruptcy is like a Chapter 13 for your small business. You can restructure debts and eliminate unfavorable agreements. Chapter 11 may also be an option for some families.

Our experienced attorneys take the time to listen to you and understand your financial situation, and then provide you sound advice as to what path to take.

Part of the filing process is understanding what went wrong. Many times, it was a one-time financial emergency, and the debtor just needed some help getting over the hump. Other times, there were some spending issues that can be corrected. Once you emerge from bankruptcy, we can show you how to rebuild your good credit rating in a very short time. 

Take the with a free consultation with the experienced bankruptcy attorneys at the Law Offices of Salvatore C. Miglore & Associates. Contact us today by calling (630) 933-8400 to learn about the fresh financial start that is waiting for you. We proudly serve clients throughout DuPage, DeKalb, Cook, Lake, Will, McHenry, Kendall, and Kane Counties.