Get a fresh start by erasing your outstanding debt with Stephens Fiddes McGill and Associates, P.C. bankruptcy lawyers in Peoria IL. Our experienced attorneys can help if you feel you can no longer control your finances. Do not let the negative perception people have concerning bankruptcy affect you. In fact, bankruptcy offers you a useful tool to get your finances and life back on track. With our help, you can erase some of your debt and stop feeling so overwhelmed.
Our law firm can assist you in filing for Chapter 7, Chapter 11, or Chapter 13 bankruptcy. Stephens Fiddes McGill and Associates, P.C. has been recognized as one of Central Illinois’ top 3 law firms five times. Our attorneys treat all clients with respect, dignity, and discretion. Many law firms handle bankruptcy cases. However, few of them contain the experience and focus on each individual case like our law firm.
Call 309-637-LAWS or contact us online to schedule a free consultation. We will always answer your questions and return your calls. Plus, our lawyers will make your case as important to us as it is to you.
If you have serious financial problems, you may want to discuss a Chapter 7 bankruptcy with our bankruptcy lawyers in Peoria IL. With Chapter 7 bankruptcy, you get a second chance to regain control of your finances. Unsecured debt like unpaid medical bills, credit card debt, and personal loans will get discharged in bankruptcy court. However, tax debt, student loans, child support, and alimony payments will not get discharged in virtually all cases.
Chapter 7 bankruptcy serves as the quickest and simplest form of bankruptcy. However, recent bankruptcy court statistics show that only 55.6% of self-represented bankruptcy filers had success. Meanwhile, attorney-represented filers achieved success 94.1% of the time. Why is that? Most self-represented filers do not know all the conditions that need to be met. For that reason, you should consult with one of our bankruptcy lawyers if you are considering filing for Chapter 7 bankruptcy.
If you have regular income, you may want to discuss a Chapter 11 bankruptcy with our bankruptcy lawyers in Peoria IL. Typically, these sorts of bankruptcies help businesses reorganize debts. That way, they get the time they need to keep operating, restructure financing, and earn enough revenue to pay debts.
Individuals also can file for this kind of bankruptcy. However, most people typically file for Chapter 7 or Chapter 13 bankruptcy because they are faster and more affordable. Yet, some individuals or a married couple filing jointly on taxes can also benefit. Chapter 11 bankruptcy may work in your situation if you have a lot of assets but are struggling with debt.
However, some Chapter 11 bankruptcy cases can last for years, making them more costly. If you have questions about this sort of bankruptcy, get the answers you need from our bankruptcy lawyers in Peoria IL.
If you are looking for a soft landing from your overwhelming debt, you may want to discuss a Chapter 13 bankruptcy with our law firm. This form of bankruptcy gets called “The Wage Earners Bankruptcy.” It works for people who are making money but have fallen behind on payments to credit card companies. This type of bankruptcy will allow you to reorganize your debt. Plus, it will set up a payment plan for you. In most cases, you also should be able to keep your home if you meet the payment arrangements established in bankruptcy court. With Chapter 13 bankruptcy, all disposable income will get used to pay off debt in 3 to 5 years.
Stephens Fiddes McGill and Associates, P.C. attorneys will use years of experience to make the best case possible. They can help achieve for you the results you deserve. In addition to bankruptcy law, we also specialize in criminal law, family law, personal injury law, probate law, real estate law, social security disability law, traffic law, and workers compensation law. Send us an email at info@smlegal.com or call 309-637-LAWS to schedule a free consultation to discuss your case.
