Discharging Debts Through Bankruptcy
Debt Relief Attorneys in Chicago, Illinois
Are you facing serious financial debt? Not only are you overwhelmed by monetary commitments, you are scared because
you do not fully understand the debt that you owe. If you file for bankruptcy,
what will get wiped away? Without understanding the different types of
debt, you can easily feel lost. Don't worry. Our attorneys have the
experience and knowledge you need to help you move forward with your life.
Sulaiman Law Group, LTD. handles the full range of debt relief options,
loan modifications and other complex techniques that help our clients get back on their feet.
We have helped a number of clients who come to us confused about the different
types of debt that exist and are committed to providing the information
Contact us to see how we can help you!
Some debts simply cannot be discharged in a bankruptcy proceeding. These
nondischargeable debts include:
- Student loans
- Some tax debt
- Customs debts
- Child or spousal support
- Some personal injury judgments
- Debt related to fraud committed by the debtor
Blake and Crystal* have serious financial problems for a number of reasons.
Blake is a life-long learner and has accrued $80,000 in student loan debt.
Blake and Crystal were particularly concerned about paying off that debt
when, out of the blue, Blake was diagnosed with a serious disease. He
had substantial medical bills and the couple paid for them with credit
cards, accruing $120,000 in debt. In addition to the student loan and
medical debt, Blake was married previously and pays child support in the
amount of $300 per month to support his two children.
If Blake and Crystal want to file for bankruptcy, the student loan debt
and the child support are nondischargeable debt. However, the medical
debt could be wiped away if Blake and Crystal met the requirements for a
Chapter 7 bankruptcy. However, under federal bankruptcy, in some cases, a debt that was once
nondischargeable can be made dischargeable by showing a serious and debilitating hardship.
Contact Our Bankruptcy Attorneys in Chicago, IL
Our attorneys can listen to your story and help you to figure out the best
legal options for your debt relief. Contact us online or by calling today!
*Blake and Crystal are fictitious characters created for the purposes of
explaining and illustrating various bankruptcy situations.