Are you in serious financial debt? Are you facing foreclosure? Are you tired of being harassed by your creditors? If you answered yes to any of these questions, it is likely that you need the assistance of an experienced and knowledgeable Bankruptcy attorney. Cossidente & Salus, Ltd. is a law firm that concentrates in filing Chapter 7 and Chapter 13 Bankruptcy cases for individuals and businesses. Our experienced staff can help you understand and navigate your way through this complex legal proceeding and help you on your way to gaining financial freedom from debilitating debt.

What is Bankruptcy?

Bankruptcy is a legal proceeding that can give you or your business a financial fresh start when bills cannot be paid. Different Chapters in Bankruptcy represent different types of plans available to debtors. Most individuals generally file either a Chapter 7 or Chapter 13 Bankruptcy case and Businesses generally file under Chapter 11 of the Bankruptcy Code.

A Chapter 7 Bankruptcy otherwise known as "liquidation," is generally the simplest and quickest form of Bankruptcy and is available to individuals, married couples, corporations and partnerships. A Chapter 7 Bankruptcy is designed as an orderly, court-supervised procedure by which a Trustee collects the assets of the debtor's estate, reduces them to cash, and makes distributions to creditors, subject to the debtor's right to retain certain exempt property and the rights of secured creditors.

A Chapter 13 Bankruptcy is a debtor repayment plan and is available to individuals, married couples, and sole proprietors. In a Chapter 13 Bankruptcy, a debtor proposes a plan to repay creditors over a three to five year period during which the debtor can make up overdue payments on any assets and pay into the plan the equivalent value of any assets not covered by exemptions. Since the debtor's plan will require regular monthly or biweekly payments, Chapter 13 is usually only appropriate for an individual debtor who has a regular source of income. Chapter 11 Bankruptcy is a restructuring and debtor payment plan for corporations, LLC's and other entities.

Which Chapter is right for you?

Determining which Chapter is right for you can be a complex and difficult process, especially with the new complex Bankruptcy laws. However, at Cossidente & Salus, Ltd., we provide free consultations to help you understand the difference in the Chapters, as well as provide you with guidance as you attempt to free yourself of your financial burdens.

Why should you choose Bankruptcy?

Bankruptcy can occur for a variety of reasons. Many times people must file Bankruptcy for reasons beyond their control. Employment problems, unpaid medical bills, divorce, and overwhelming credit card debt are just a few of the common reasons. Many people are tricked into believing they have alternatives to filing Bankruptcy only to find themselves deeper in debt. Debt consolidation does not work. Bankruptcy offers the protection of the Court and can stop foreclosure proceedings, stop harassing creditor phone calls and stop wage garnishments. Debt consolidation cannot and does not stop any of these.

Why choose Cossidente & Salus, Ltd.?

At Cossidente & Salus, Ltd., our staff understands the unique stresses that are placed on individuals who are in desperate need of debt relief and are committed to providing you with attentive service that can help to ease your anxiety. Once you have retained us, an experienced paralegal is assigned to your file and works closely with you, the client, as well as the supervising attorney. We are committed to communicating with our clients. During office hours, we maintain a staff to answer the phone at all times and strongly discourage voicemail. Our offices are conveniently located in the south suburbs, with normal business hours and with the availability of evening and weekend appointments.

Filing for Chapter 7 or Chapter 13 can help you regain control of your finances and give you the fresh start you need. You deserve to sleep at night without worrying about your finances. We can help you determine if personal Bankruptcy is right for you and guide you through this legal process and counsel you on which type of Bankruptcy would provide you with the most financial help.

Do not let your debts accumulate without taking action. Let us help you get your finances under control today and regain your financial freedom. Call our offices to set up your FREE CONSULTATION with one of our experienced attorneys.

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