A debtor considering bankruptcy must bear in mind that a bankruptcy stays on his or her credit report for up to 10 years, which can potentially make it difficult to get future credit. A debtor should also keep in mind that some debts must still be paid even if he or she files for bankruptcy. Accordingly, it is essential to contact an experienced bankruptcy attorney before making potentially life-altering financial decisions.
Learn More About Bankruptcy Before Deciding to File
According to the Administrative Office of the U.S. Courts, almost 9,000 individuals filed a non-business-related bankruptcy petition in 2008 in Central Illinois alone.
Thus, if you are considering bankruptcy as a solution to a debt crisis, you are not alone.
It is critically important to learn as much as possible about the bankruptcy process before making the final decision to file a Chapter 7 or Chapter 13 bankruptcy petition.
For that reason, the Springfield, Illinois, law firm of Michael J. Logan, Ltd., offers the following general information about consumer bankruptcy filings. We also offer to anyone considering bankruptcy the opportunity to receive a free and confidential case assessment from experienced bankruptcy lawyer Michael J. Logan. Simply complete the detailed intake form and you will receive information from attorney Logan by telephone or e-mail.
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Bankruptcy Resource Links
American Bankruptcy Institute Consumer Corner
General information regarding consumer debt and bankruptcy.
Legal Information Institute
A bankruptcy overview from Cornell Law School, including links to state, federal and other sources.
FindLaw Guide - U.S. Bankruptcy Courts
Links to US Bankruptcy Court Web sites.
Official Bankruptcy Forms
From the Administrative Office of the US Courts.
AnnualCreditReport.com®
Official Web site where consumers can obtain free credit reports from the three national credit-reporting companies.
Federal Citizen Information Center (FCIC) - Money
Features articles on money and credit.
TransUnion®
Credit reporting agency Web site features consumer information on credit reports, identity theft and fraud.
National Foundation for Credit Counseling® (NFCC®)
Features consumer credit and financial management advice.
American Bar Association® (ABA®)
Public education information on bankruptcy.
US Bankruptcy Trustee
Bankruptcy fact sheets and consumer notices from the US Bankruptcy Trustee's office.
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