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Bankruptcy Effects on Credit

Often people are reluctant to file for bankruptcy because they are afraid of the effect on their credit rating. However, it is important to understand that this is a marathon and not a sprint. In the long run, filing for bankruptcy may have a positive effect on your credit. Our attorneys are straightforward with our clients and help them to understand their options.

At Sulaiman Law Group, LTD, we handle comprehensive debt solutions for clients. Our experienced attorneys know how to provide compassionate guidance through the bankruptcy process. We are particularly skilled at ensuring that our clients have the information they need to make educated choices. Our law firm is in Oak Brook, Illinois, and we serve clientele throughout Chicago and the surrounding areas.

Contact a bankruptcy attorney by calling us at 630-413-9054.

Effects of Bankruptcy on Credit

If you are considering filing for bankruptcy, it is important that you have a thorough understanding of the effects of that action on your credit. Filing for bankruptcy can affect your credit far into the future, so it is important to have an understanding of the trade-offs. Of course, these are just the general effects; and you must speak with an attorney to understand the specific effects of bankruptcy on your credit. Filing for bankruptcy goes on public record; that means that your petition will be a public document.

Chapter 7 bankruptcy: Your bankruptcy will remain on your credit report for 10 years. However, that may not harm your credit rating as much as you think, because your debt-to-income ratio will be lowered.
Chapter 13 bankruptcy: If you file a Chapter 13 bankruptcy, you are put in a plan where you are making consistent payments to creditors. This will ultimately improve your credit report.

Need Help With Credit Repair After Bankruptcy? Contact a Skilled Attorney.

Our lawyers know the ins and outs of the bankruptcy process. We educate our clients on the processes so they understand the legal process and the implications of the process they choose. Contact us online or by calling 630-413-9054.

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I couldn't have prayed for a better law firm than Sulaiman Law Group. I found your team to be congenial, professional and consistently available throughout the process. I only wish I had found you sooner. I will highly recommend your firm to any and everyone!

Wow. An honest, ethical attorney who actually cares about people. I know, how can that be. Well, you need to talk to Ahmad Sulaiman to find out.

He has literally saved my life; and, that is not a metaphor. His office has fought for me where few firms in the country could have had any success; and, I am able to look forward with some hope.

You can be certain that, if you are not an attorney, whatever you THINK you know about the law, you are probably GUARANTEED to be completely wrong in your assessment. Consult with an attorney who actually cares, tempered with being brilliant.

I could not be in better hands; and, words do not describe how differently my life would have been had I not met Ahmad Sulaiman. It was literally an answer to a prayer. By Glen S

Ahmad is a real gem in the legal profession. I strongly recommend him.

Mr. Mohammed Badwan is an excellent, sincere and knowledgeable attorney. He is always on top of negotiations with creditors and gets back to you promptly to give you any updates.. He makes you feel very comfortable and stays with you as a good legal advisor through the entire process.

As a healthcare professional and business owner myself, I am very sensitive to the minute details with the quality of overall service- work ethics, professionalism and the team effort put in to achieve client's goals and satisfaction. I will give this group an A+ and wish them success and bright future. Keep up the good work....

Sulaiman Law Group is an outstanding law firm. It is unique in a way that its philosophy is in getting the job done without making things complicated. Most lawyers like to make your matters sound more complex than they are, and that's where they justify their high costs. The entire team at this firm is very compassionate, responsive, courteous and efficient. Everyone is extremely professional and respectful, and treat you like family.

This firm is a rare find in legal field. We are delighted to have found them and would whole heartedly recommend them.

Sulaiman Law Group, LTD
900 Jorie Boulevard , Suite 150
Oak Brook IL 60523
Oak Brook Law Office

Phone: 877-900-9298
Phone: 630-413-9054
Fax: 630-575-8188

At the Sulaiman Law Group, LTD, we represent clients from Chicago, Illinois, and throughout the surrounding region, including Oak Brook, Wheaton, Downers Grove, Hinsdale, Oak Park, Elmhurst, Lombard, Villa Park, Lagrange, Westmont, Melrose Park, Naperville, Joliet, Orland Park, Cicero, Carol Stream, Schaumburg, Berwyn, Aurora, Bolingbrook, Cook County, Dupage County, Will County, Lake County, Kendall County, Kane County and throughout Chicagoland.