When Bankruptcy is Your Only Option

If you're tired of constant phone calls from harassing creditors or feeling like you'll never get out from under the pile of debt you've accumulated, trust the bankruptcy law expert at William S Ryan, Attorney at Law.

For more than a decade, we've been helping Huntley and Franklin Park residents get rid of crippling debt by filing for bankruptcy. William S Ryan, Attorney at Law will go over your financial situation and help determine whether you should file for Chapter 7 or Chapter 13 bankruptcy.

There are significant differences between Chapter 7 and Chapter 13, such as:

• Chapter 7: Sometimes called straight or liquidation bankruptcy, Chapter 7 bankruptcy allows you to live debt-free but only after some of your assets have been liquidated. This type of bankruptcy doesn't take long to file but you'll lose any non-exempt property.
• Chapter 13: Also called the wage earner's plan, Chapter 13 lays out a repayment plan that will pay back all or some of your debts. The payment plan usually takes three to five years to complete and offers Huntley or Franklin Park residents a chance to save their Illinois home.

Whichever bankruptcy option is right for you, choose a qualified attorney with years of proven courtroom experience to guide you through the process. Call William S Ryan, Attorney at Law, serving Huntley and Franklin Park, IL, at 847-455-5575 for a free consultation.