Lose Your Debt, Not Your Sanity!
If you have financial trouble, bankruptcy may be the best solution to eliminate your debt.
At Nina Gougis Law, our goal is to help you eliminate your debt in the quickest and least costly way possible. At the same time, you can be certain that we will meet your specific needs and priorities, because you are more than just a number.
Call us today to set up a free consultation. We can evaluate your financial situation and determine whether bankruptcy is the right option for you.
Illinois Counties Covered
We cover the following Illinois counties: • Bureau County • Fulton County • Hancock County • Henderson County • Knox County • Marshall County • McDonough County • Knox County • Marshall County • McDonough County • Peoria County • Putnam County • Stark County • Tazewell County • Warren County • Woodford County
Benefit of this Service
Bankruptcy can affect your future credit, self-image, and reputation. Filing Bankruptcy can provide a considerable amount of relief to those buried in an unsustainable amount of debt.
- Eliminate debt.
- Stop wage garnishments and lawsuits
- Stop repossession
- Protect your property
- Stop foreclosures and evictions
- Major step in solving financial issues
The Most Common Types of Bankruptcy
Chapter 7: Liquidation Bankruptcy
Chapter 7 bankruptcy is the most common and simplest form of bankruptcy. It is most suitable for individuals, although businesses also may file for Chapter 7. Chapter 7 bankruptcy is great for eliminating debt that is unsecured by collateral, such as credit cards, medical bills, and personal loans. A Chapter 7 bankruptcy does not require a repayment plan, but it does require you to liquidate unprotected assets to pay back creditors.
Chapter 13: Adjustments of Debts Bankruptcy
Chapter 13 bankruptcy is the second most common bankruptcy and is also most suitable for individuals. This form of bankruptcy requires a repayment plan, through which you must make monthly payments for three to five years. This type of bankruptcy is available to those who make too much money to qualify for a Chapter 7 bankruptcy and to those who want to protect certain assets, like their homes and vehicles.