Chicago Bankruptcy Attorneys - About Bankruptcy

Bankruptcy is a legal method of eliminating debt and providing a means for debt-oppressed people to obtain a "fresh start." In many cases, bankruptcy means the elimination of the debt that you owe to your creditors. They are two primary forms of bankruptcy, Chapter 7 and Chapter 13.

Why is it legal to file bankruptcy?

More so than in any other time in our country's history, our economy is based on consumer debt. In fact, in this age of multibillion dollar corporate bailouts, easy credit and relentless bombarding of seductive messages cajoling us to "charge, consume, buy" it is not surprising that so many people are drowning in debt.

For many of us, this debt is insurmountable and is causing family problems and feelings of hopelessness and even suicide. With credit card interest rates of 18-27%, many feel like modern day indentured servants. Many times, the debt is occasioned by unforeseen events such as loss of a job or medical bills, but more often it is simply poor planning. Nevertheless, in instituting our bankruptcy laws, Congress recognized that responsible, well-intentioned people could from time to time run into financial problems. By allowing you to recover from your debt burden you will be able to start afresh, look to the future and become a more productive member of society. This is good for you and good for society as a whole.

Swanson & Desai LLC, Attorneys, Chicago, IL
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Dear KC and Mehul,
" Thank you again, you made this unfortunate chapter of our life so much easier and smoother than I ever expected. Considering how stressful this is for most people, I compliment you guys."
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Swanson & Desai, LLC
Chicago Bankruptcy Attorney
p: (312) 850-3328
f: 312-666-8894
1-800-Erase-Debt (372-7333)
Chicago Office
2314 W North Ave Unit C-1W
Chicago Illinois 60647

South Chicago Office
11212 South Western Avenue, Suite 2
Chicago Illinois 60643

Chicago Loop Office
73 W Monroe Ste 216
Chicago, IL 60603
South Suburbs Office
9760 South Roberts Road, Suite 2A
Palos Hills, IL 60465

Schaumburg Office
10 N Martingale Rd, Suite 400, Office 4114
Schaumburg, IL 60173
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National Association of Consumer Bankruptcy Attorneys