Empowering You to Make the Best Decision for Yourself

The decision to file bankruptcy is important and should not be taken lightly.

At the Law Office of Ronald D. Cummings, we help people understand their debt relief choices, and what those choices mean, so that they can make the best decision for themselves. This is empowering and it allows people to take responsibility for their own future. It also decreases the chance that they will end up filing for bankruptcy again, four or eight years later.

To talk with an experienced attorney and learn more about bankruptcy and other debt relief options, call or contact us for a free consultation today.

What Are the Options?

The list of non-bankruptcy solutions that might work for you, depends on the facts and circumstances which have brought you to this point. In other words, we can’t tell you exactly what your options are until we’ve talked and had a chance to review your case.

There are, however, some general examples we can discuss.

For instance, if your monthly mortgage payment is too big for your budget and is the main source of your financial troubles — bankruptcy might not be the best solution for you. A better option to explore first in a situation like this would be to talk to your lender about a loan modification.

Another option that works for some people is taking out a debt consolidation loan. This type of loan allows you to combine multiple debts into one monthly payment and a lower interest rate. If your problem area is not your spending habits, but rather staying current on payments (e.g. if missing payments, paying late fees and seeing your interest rates raised are things that happen to you on a regular basis), then debt consolidation may be a workable solution.

The Power of the Automatic Stay

Before you decide that bankruptcy is not the solution you want or need — consider the power of bankruptcy’s automatic stay. Non-bankruptcy options such as a loan modification, debt consolidation or debt settlements cannot protect you from creditor lawsuits, collection calls, wage garnishment, repossession or foreclosure. The automatic stay can.

Free Bankruptcy Consultations ~ (815) 729-9212

Our firm provides debt relief and bankruptcy-related legal services throughout Will County and the surrounding areas of northeast Illinois. To speak with an experienced lawyer about your financial situation and possible solutions — call us TODAY for a free consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.