Preparing for Bankruptcy
Don’t make the mistake of waiting too long to seek legal advice. If you think you may need to file a bankruptcy at some point in the future, it is better to seek guidance early on so that you will be able to take advantage of bankruptcy planning. By seeking assistance early on, you will know what property you own that is protected and what steps you can take to protect any property that you might otherwise lose. You can avoid making the mistake of cashing out your retirement and sacrificing your future for some temporary relief from creditor calls. You can avoid the mistake of transferring property to friends or family wrongly believing that it will be shielded from creditors.
At the law firm of Buckrop & VanDeVelde, our Rock Island attorneys can help with getting ready for bankruptcy in Iowa and Illinois. We want you to know that you can trust us to be on your side. We will put you at ease with the process and treat you with the dignity and respect you deserve. One of our attorneys will review your overall financial condition and let you know what a bankruptcy could do for you. He will inform you about how to protect your assets from creditors and how to get the most out of your bankruptcy. We are here to fight for your rights under the U.S. Bankruptcy Code.
First Steps to Take on the Path to a Brighter Financial Future
You should begin by gathering your most recent pay stubs and income tax returns. You should make a list of all your monthly expenses (including all your monthly payments). You should know approximately how much debt you have, both secured and unsecured. You should also know what your property consists of. If you have any valuable items, such as antiques or expensive equipment and machinery, you should have an estimate of how much you could sell the property for.
We Will Treat You Like Family Because That Is What Our Firm Is — A Family
Our attorneys have more than 40 years of combined bankruptcy and debt relief experience. We handle every type of case, from the simple to the most complex. If we believe Chapter 7 or Chapter 13 bankruptcy is your best option, we will explain why and what your next steps should be. You can trust our experience.
Our bankruptcy lawyers have helped many individuals and business owners throughout Eastern Iowa and Western Illinois obtain the fresh start they deserve. The Bankruptcy Code can work for you or against you depending on your situation, so it is important to get advice you can trust early. Our attorneys and professional staff will prepare you for the process and answer all your questions. We will thoroughly explain the differences between Chapter 7 and 13 and how each will apply to your unique circumstances.
Contact Our Rock Island Bankruptcy Consultation Lawyers
Our office is located in The Law Centre in downtown Rock Island, Illinois, just a short distance from both Iowa and Illinois federal courthouses. Our lawyers and professional staff proudly serve most clients throughout Western Illinois and Eastern Iowa. Call us toll free at 800-627-5704 or contact us online to arrange a consultation with an experienced bankruptcy attorney today.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.