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Start with Our Bankruptcy Chapter Quiz! Find Out Which Chapter You May Quality For.
Are you struggling with your finances in Chicago and considering bankruptcy as a way to get a fresh start? You have options, and depending on your situation, Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, could be the answer for you.
The eligibility criteria, filing process, and outcomes differ depending on the chapter, so it’s a good idea to look into each to see if one fits your needs.
Take the quiz below to determine which Chapter is right for you. If you'd need a little more guidance after the quiz, contact us for a Free, No Pressure, No Obligation Consultation.
The biggest difference between filing for bankruptcy in Illinois and filing in other states is the type of property that is exempt, or protected from creditors. Some states allow use of a federal exemption, while bankruptcy filing law in Chicago and the rest of Illinois applies their own exemption statutes to all property in a bankruptcy case.
What should you expect to keep in a Bankruptcy filing in Illinois? See below: