If our clients find themselves in the unfortunate situation of potential or pending lawsuits, liens, vehicle repossession, wage garnishment, or home foreclosure, Tenenbaum Law Group can find the best option to help eliminate debt immediately.
We will STOP those harassing phone calls, legal proceedings, prevent repossession and stay foreclosure of your home. Tenenbaum Law Group will provide you with the top quality legal advice and representation you need in debt negotiation, credit card debt relief, bankruptcy filing (we only file and represent clients in connection with Chapter 7 bankruptcy), and foreclosure defense representation, if applicable.
Bankruptcy is a system of federal laws that are designed to eliminate all or most debt, in order to give the debtor a fresh financial start. In a Chapter 7 bankruptcy, most unsecured debts (such as credit cards and medical bills) are eliminated. Notable exceptions include student loans, majority of taxes, child support. These debts are not affected by Chapter 7 bankruptcy.
For their secured debts (such as the amount owed on a car or a house), debtors filing bankruptcy can generally choose to either give back the collateral and wipe out the debt, or keep the collateral and continue paying for it by negotiating and entering into reaffirmation agreement and having it approved by the Court.
Bankruptcy can be a confusing process for many people, and changes in the bankruptcy laws only make it more difficult to understand. Don’t make a decision until you educate yourself about the options available to you.
If you are currently experiencing financial difficulties, or if you are simply curious about the way bankruptcy works, please take a few minutes to review information contained on our site.
Our bankruptcy attorneys will lead you through the process and provide clear, client-focused advice on the benefits and consequences of bankruptcy. If you are considering bankruptcy, contact Tenenbaum Law Group at 847-724-0300 to schedule the consultation.
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PLEASE NOTE: We have created this website for informational purposes only. This material does not constitute legal advice. Likewise, a preliminary communication made with us via the Internet, mail, phone or fax does not constitute an attorney-client relationship, or provide any of the protections afforded by that relationship. Please do not send us confidential or time sensitive information until you have spoken with one of our attorneys.
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