Asset Protection Lawyer Inverness, IL

Asset Protection Lawyer Inverness, ILWith the assistance of our asset protection lawyer Inverness, IL relies upon, it’s possible to regain control over the debts you are struggling to repay. With our help, we can provide recommendations for moving forward while ensuring that the process runs as smoothly as possible. Being unable to cover your living expenses and make payments on debts can be troublesome, often resulting in stress, anxiety, and shame. The future may even seem hopeless, especially for those who see no way out of their financial challenges. However, with the guidance of Bott & Associates, LTD, our experienced team can offer assistance in making critical financial decisions and even rebuilding credit after bankruptcy. 

If you believe bankruptcy is the right option for you, here are a few of the most important steps you can take:

Speak with an Experienced Lawyer

While it may be tempting to proceed with the bankruptcy process without legal representation, you must proceed with caution. Bankruptcy proceedings can quickly become overwhelming for someone with no experience in this area of the law. When you contact our team, we can ensure that the proper bankruptcy filing is chosen and that the process moves forward with minor complications. 

Choose the Right Bankruptcy Filing

Our asset protection lawyer available in Inverness, Illinois, will tell you that one of the most important steps you can take is the type of bankruptcy filing chosen. When making such a significant decision, it’s crucial to begin by having a lawyer assess your financials and gain a clear understanding of your situation and the assets you are hoping to keep. 

While filing for bankruptcy was likely a difficult decision to make, many of our clients may experience a significant sense of relief once the process begins. One advantage is that the constant calls from creditors must come to a halt with the automatic stay. Essentially, this means that once you file for bankruptcy, the automatic stay is granted, and creditors no longer have the ability to make efforts towards settling your debts. As a result, ongoing calls, emails, and mail requesting payment will stop. 

The Process of Rebuilding Credit- Starts Now

We know that moving forward after bankruptcy and rebuilding your credit may seem like a monumental task. While this is undoubtedly true, our clients receive a fresh start and new lease on life once their bankruptcy case has been resolved. Chances are, before filing bankruptcy, your credit was already deficient, post-bankruptcy, it’s possible to rebuild your credit over time by: 

  • Monitoring your credit score for any changes
  • Keeping up to date on all of your payments
  • Getting a credit card with a small credit limit
  • Paying off the balance on the card each month

In the wake of bankruptcy, recovery is possible, and, over time, you will be able to rebuild your credit score. Our team from Bott & Associates, LTD is dedicated to helping our clients resolve their financial woes promptly, all while keeping their interests at the forefront. Contact our asset protection lawyer Inverness, IL, to take back control over your financial situation.