Your Chicago Bankruptcy Checklist

Use this Chicago bankruptcy checklist to determine what your next course of action should be throughout the process of filing. You will need a bankruptcy lawyer to represent you once you have decided to file. Reference this informative checklist to make sure that you are doing everything within your power to expedite the process of filling.

Step #1 Decide if filing for bankruptcy is the right answer for you. A bankruptcy will stay on your credit report for the next decade. While you can take measures to improve your score as soon as your filing is put through, filing does have some consequences. Learn about the other options out there such as debt consolidation and credit counseling. If you feel that these alternatives will not help you to get out of debt, then bankruptcy will be the best way for you to put an end to your financial struggles.


Step #2 Hire an attorney. Once you are committed to filing for bankruptcy you will need to hire a Chicago bankruptcy attorney to represent you. There are a number of attorneys in the Chicagoland area that will file for you in court. It is your job to research your various options and to meet with the different attorneys that you have selected to find the best fit.

Step #3 Get organized. You will need paperwork on all of your debt and all of your assets. Whether you own a car, boat, or home you will need to gather all of the information on what you currently own and what you currently owe on it. You will also need the info on all of your outstanding accounts including credit card accounts, loans, past due bills, and any other financial obligations that you owe on. Finally, you will also need to have all of the information on any investments or bank accounts that you currently have open.

Step #4 Create a schedule. When you file for bankruptcy in Illinois there are several steps to the process. While your bankruptcy lawyer should help keep you on track, you will need to take the initiative to stay on schedule. Make sure that you complete all of the steps of the process, such as the online debt counseling sessions as soon as you possibly can. Keep track of your court dates and any other important dates that you need to perform a task related to your bankruptcy. Being proactive in the completion of your filing will help speed the process along.

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