January is a Great Month to Talk About Getting Out of Debt
It’s cold this month, just about everywhere, and the bills are going to be high! Vehicles dislike winter and break down. Credit card bills already too high are getting taxed. January is one of those months we feel like we are never going to be able to get ahead. Do you spend the month of January telling yourself, it’s okay, those were holiday expenses last month and we’re all going to make it?
If you are sick of just making ends meet and no matter how hard you try and keep up with minimum payments you find yourself deciding between on-time payments and gas or groceries? Those late payment fees just ate up more of your budget. Had enough?
People come to Joseph Wrobel Limited, the Chicago Bankruptcy Law Firm when they are tired of being harassed by creditors and accept that they might not be able to dig out of debt. The truth is the moment you allow yourself to accept the help the law is designed to give you, the better you can feel about being free from all that financial burden.
Watch The Video of this Podcast on Our Chicago Bankruptcy YouTube Channel
This Podcast Covers Frequently Asked and Answered Bankruptcy Questions
Attorney Joseph Wrobel answers real people’s questions on this podcast and gives the best information based on the given question. It’s helpful to understand what people experience and the questions leading them to seek bankruptcy information.
Here are a few of the questions on today’s podcast:
- What happens when you fall behind on Chapter 13 plan payments?
- If I have a joint car loan and I file bankruptcy, will it affect the other person’s credit or show up on their credit?
- What do I do if I was served with papers to appear in court on a debt, what are my options?
- I forgot to list an asset in my bankruptcy petition, a car that my daughter paid for but put in my name, what do I do?
- What are the eligibility requirements for filing a bankruptcy case?
A Fresh Financial Start is Available to Everyone
The pandemic put many small businesses to bed for good. Many held on, had plans to recover, and tried with all their might, despite inflation making it nearly impossible for many. We all do what we need to keep income and for some that means sacrifices. People who were recent thriving business owners may now be employees in a new job or industry, wondering if they are going to go back out on their own. It remains to be seen what will come next, however, one certainty is that the bills are going to keep coming and prices will be high. Once we accept these conditions were not our doing, and not our fault, we can accept the concept of getting help.
Misconceptions about bankruptcy are vast and rooted in fear of not being good enough, or worse, someone finding out about financial difficulties. Meanwhile, many people look at bankruptcy as more of a relief tool, something more like filing an insurance claim. When people learn how Chapter 13 bankruptcy works and people can still keep their homes, cars, possessions, and higher incomes, it changes their outlook on things.
If You Don’t Qualify for Chapter 7, Consider a Chapter 13
When people call Joseph Wrobel, Limited for a free bankruptcy consultation, they learn about the Means Test that is used to determine whether someone qualifies for Chapter 7 bankruptcy, the full discharge people first think about. However, if the person has too much income, owns their home, or has too much equity, or valuable items, they can still get a Chapter 13 reorganization bankruptcy where they repay a significantly reduced amount of their debt through the bankruptcy trustee over a three to five-year repayment period.
The exciting part is while someone is in that repayment period with Chapter 13, the Automatic Stay provision of the Bankruptcy Code makes them off limits to any creditors or people trying to collect. They make their payment to the Chapter 13 trustee and all is well. People who learn about the details of Chapter 13 often say they would have taken advantage of these laws years ago!
Help Us Take The Sting Out of Bankruptcy Stigma: Everyone Deserves a Fresh Start
Unless you run around telling people about bankruptcy, nobody needs to know. It’s time to drop the negative stigma surrounding the laws in our country designed to protect us when bad things happen, like a pandemic and its economic aftermath.
The anticipation of filing for bankruptcy is more cumbersome than the process itself. After you meet with Attorney Joseph Wrobel he collects the information he needs and gets to work. There is little you need to do and the process is relatively quick and efficient.
Read some testimonials from people who went through the process!
About Joseph Wrobel, Limited, a Long-Established Chicago Bankruptcy Law Firm
Since 1980 Joseph Wrboel has been practicing law and helping Chicagoans with all kinds of legal needs. In his long-standing practice of bankruptcy law, he’s experienced just about every twist and turn in helping his clients get a fresh financial start.
With office locations all over the Chicagoland area to meet in person, or happily communicate through Zoom or by phone, Joseph Wrobel has always made an effort to make the process easy for people under enough stress and pressure already. Call our offices today for more information at (312) 781-0996 or email josephwrobel@chicagobankruptcy.com today.
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