Filing for a Chapter 7 Bankruptcy in Marion IL
If you are overwhelmed with debt, mounting bills, creditor harassment, and the increasingly real possibility of home foreclosure, filing for bankruptcy may be a solution to consider. For many people with extensive debt problems, bankruptcy can provide a new beginning for your financial journey. At Cavaness Law Office in Marion, IL, we have been successful in getting our clients out of debt for the last 18 years. We have one goal in mind – protect your assets while relinquishing your debt, and we have been providing quality and compassionate debt assistance throughout Southern Illinois, freeing our clients of their financial burdens. For a free consultation, contact us today!
Chapter 7 Bankruptcy in Marion IL
Chapter 7 Bankruptcy is one of the more common types of bankruptcy filed. This simple form of debt relief is a liberation of unsecured debts, like hospital bills or credit card debt. If the debtor has assets that aren’t protected by an exemption, they are sold, and the net proceeds are distributed to creditors based on priorities that are established in the Code.