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Know When To File For Bankruptcy

Helping You Regain Your Financial Footing And Relieve The Stress In Your Life

Financial problems negatively impact every facet of your life — your marriage, how you interact with your children, even how you feel about yourself. If you face insurmountable debt, it is important to resolve the problem immediately to prevent it from permanently damaging these important relationships.

Bankruptcy gives you an opportunity to reset your financial life. I am attorney Randall Steele and at my firm  Steele Law Offices, LLC, in Glen Carbon, I will guide you through the Chapter 7 bankruptcy process. I  have provided legal representation for individuals in bankruptcy law and other areas for over 30 years. As a general practice attorney with decades of experience, I understand how one change in your life can have a direct impact on other areas.Many times a change in your family dynamic, such as a divorce, can be the reason behind a bankruptcy. Other times a medical condition or an accidental injury can be the cause. Knowing how these areas all intersect I am able to  guide you through both the financial and family legal difficulties of your life.

What Is Chapter 7 Bankruptcy, And Will I Qualify?

Chapter 7 is what many people associate with filing for bankruptcy. As a debtor, your assets are sold, creditors receive payment and you are freed from your debts. To qualify to file bankruptcy, you must pass something called the means test. The Chapter 7 means test is a formula that determines whether an individual has enough money to make minimal payments to creditors in a Chapter 13 plan.

Once I have reviewed your situation in an initial consultation, I will be able to tell you if Chapter 7 bankruptcy is the best solution. If not, I can provide you with other options and refer you to other specialists who can help.

Get A Consultation To Regain Control And Relieve Stress

If you have questions regarding bankruptcy and your options for regaining control of your financial life, I can help. Call my Illinois office at 618-288-9591 or email me to schedule a meeting. I am ready to help you take control of your finances and relieve the burden of debt.

I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.

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