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DuPage County Bankruptcy Lawyers

Wheaton Attorneys for Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Foreclosure, and Debt Relief

To many, declaring bankruptcy seems like a last resort that only those desperate to ruin their future credit will attempt. However, bankruptcy can actually provide you and your family with much-needed debt relief and repayment assistance. According to the Federal Bankruptcy Code, bankruptcy is a court proceeding that provides help to those with unmanageable debt loads. At Davi Law Group, LLC, our experienced bankruptcy attorneys can assist you in creating a fresh start and prepare for a better tomorrow.

What is Secured or Unsecured Debt?

In general, debts are classified as secured or unsecured. A secured debt has property that serves as collateral; therefore, if the payments on the debt are not made, the lender can reclaim the property. The primary examples of secured debt are those associated with homes and automobiles.

The vast majority of debt, however, is considered to be unsecured. Common types of unsecured debt include credit card balances, bills for medical care, and utility bills. When a debtor owes an unsecured debt, generally the lender must file a lawsuit and obtain a judgment in order to seize any assets.

Chapter 7 and Chapter 13 Bankruptcy

If you choose to file for bankruptcy, it is important to know the different options available to you. Chapter 7 bankruptcy, for example, allows a person to liquidate his or her debts. An automatic stay goes into effect where collection activity is halted. Chapter 7 allows for the retention of some property and personal items. This type of bankruptcy is generally preferred, as it clears most debts without lengthy repayment requirements.

Chapter 13 is designed for those with steady income, yet very significant debt. The process consolidates and restructures the debt into a three to five year repayment plan with more manageable monthly payments. Most homeowners are able to retain their home by paying past due amounts under the new payment arrangement.

A New Financial Start

Following a Chapter 7 bankruptcy you will have the benefit of starting along a path to economic improvement. As you begin generating income, you will no longer be faced with massive debt and accumulating interest. It is best to start a savings plan. You may start modestly by putting a small amount towards savings each month. Over time, you can enjoy the feeling of having savings to rely on if you need it rather than going into debt.

Beginning to Rebuild Credit

You will want to consider ways to wisely rebuild your credit. Making purchases using a secured credit card and promptly paying the balance is one option. Automobile lenders will usually extend you a car loan if you have documented income; however, it is important to shop around to find the most reasonable interest rate that you can.

Contact a DuPage County Bankruptcy Attorney

If you are facing debt or relentless collection activity, bankruptcy may allow for a fresh start or a reasonable repayment plan arrangement. Davi Law Group, LLC understands that everyone deserves a second chance. We have been proudly representing clients in the Wheaton, Warrenville, Joliet, and Chicago areas for many years. Our founding attorney Dion Davi has been honored with both Leading Lawyer and Super Lawyer awards for delivering outstanding results. Contact our office today at 630-580-6373 for an initial consultation.

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


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Davi Law Group, LLC handles family law, estate planning and real estate matters for clients in Chicago and throughout the western suburbs including DuPage County, Will County, Kane County, Kendall County and Cook County and the cities of Aurora, Bloomingdale, Bolingbrook, Carol Stream, Darien, Downers Grove, Elmhurst, Geneva, Glen Ellyn, Hinsdale, Joliet, Kendall County, Lisle, Lombard, Naperville, Oak Park, Oak Brook, Oswego, Park Ridge, Roselle, St. Charles, Villa Park, Warrenville, Wheaton, Winfield, Woodridge and Yorkville, Illinois.
Warrenville Office
Address28371 Davis Parkway, Suite 103, Warrenville, IL 60555
Phone(630) 657-5052
Fax(888) 350-9195
Wheaton Office
Address1776 S. Naperville Road, Building A, Suite 105, Wheaton, IL 60189
Fax(888) 350-9195
Chicago Office
Address321 N. Clark Street, Suite 900, Chicago, IL 60654
Phone(312) 985-5676
Fax(888) 350-9195
Joliet Office
Address58 N. Chicago Street, 7th Floor,
Joliet, IL 60432
Phone(815) 582-4901
Fax(888) 350-9195
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