Bankruptcy Is a Sword, Not a Shield
If you are struggling with debt, it may seem like your creditors hold all the cards. In fact, this is far from the truth. The federal Bankruptcy Code gives individuals a powerful legal weapon to use against creditors. In Chapter 7, bankruptcy is like a sword because it literally cuts away all of your debt, while Chapter 13 bankruptcy is more like a shield that provides protection from your debt by making it more manageable for you and your family. Bankruptcy has the power to stop harassment, foreclosure, repossession, garnishment and other creditor actions. It also can discharge debt, giving people like you the chance to start over with a clean financial slate.
Bankruptcy law is powerful, but how can you make it work for you?
At the Sulaiman Law Group, LTD, we can help you answer that question. Our attorneys have extensive experience handling Chapter 7, Chapter 13 and Chapter 11 bankruptcy cases for clients throughout Chicago and the surrounding suburbs. With our lawyers on your side, you may be able to put your debt problems behind you for good.
Contact us today online or by telephone at 630-413-9054 to speak with an experienced Chicago bankruptcy lawyer.
Is Bankruptcy Right for You?
It is possible that you experienced a job loss, medical problems or another crisis that forced you to borrow more than you are able to pay back. Bankruptcy is not right for everyone, but it might be right for you. If you are facing creditor actions or struggling to make minimum payments on credit cards, consider talking to a bankruptcy attorney about your options.
- Chapter 7 bankruptcy: You need to take the means test to determine if you qualify for Chapter 7 bankruptcy.
- Chapter 11 bankruptcy: If you are a business owner facing bankruptcy, Chapter 11 may provide a solution for your situation.
- Chapter 13 bankruptcy: If you make a regular income and are considering filing for bankruptcy, you should learn more about Chapter 13. We have specific information about repayment, loan stripping and severance, which can all be accomplished under a Chapter 13 bankruptcy.
- Chapter 20: This is a hybrid of Chapter 7 and Chapter 13 bankruptcy that can be helpful in specific situations.
More Information on Bankruptcy
We know that you want more information on the process of bankruptcy and the challenges that you face. Whatever your circumstances, we can help. We have compiled some information for you on the following topics:
- Bankruptcy timeline
- Bankruptcy process
- Automatic stay
- Life after bankruptcy
- Stop foreclosure
- Stop repossession
- Stop wage garnishment
- Stop creditor harassment
- Discharge credit card debt
- Discharge medical debt
- Discharge tax debt
- Bankruptcy and divorce
- Role of the bankruptcy trustee
- Bankruptcy exemptions
- Bankruptcy myths
- Bankruptcy and student loans
- Bankruptcy and retirement accounts
- Effect on your credit
- Fair debt collection practices
- How will bankruptcy affect my career
- Obtaining credit cards after bankruptcy
- Bankruptcy for the elderly
- Dischargeable debts
- Bankruptcy and Tax Debt
Every case is different. To find out what bankruptcy can do for you, it is important to speak with an experienced Illinois bankruptcy attorney. There are other options such as loan modification and litigation. Our firm offers clients a wide range of options to resolve their debt problems.
Contact Us
Are you struggling with debt problems in Illinois? Contact us today online or by telephone at 630-413-9054 to speak with an experienced Chicago bankruptcy lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.














