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With the uncertain twists and turns of life, sometimes financial situations arise that leave people needing a fresh start.  Sometimes it is mounting credit card debt that came about due to unemployment, divorce or other short-term problems that are then impossible to eliminate.  Sometimes, it is huge medical bills or other expenses that are simply not within one’s ability to pay.

People find themselves drowning in debt – lawsuits, wage deductions, collections calls, and no end in sight.

We have decided as a society that we don’t want people to continue to suffer from these problems, and have decided as a nation to give people a fresh start.  Over a million bankruptcies are filed each year, and many people have gone on to have great success after taking advantage of this fresh start – Walt Disney and Harry S Truman, to name a couple, plus Henry Ford’s first automobile company.

The two main types of bankruptcy filings for individuals are under Chapters 7 and 13 of the United States Bankruptcy Code.

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is total debt forgiveness – the slate is wiped clean.  The concept behind Chapter 7 is that one’s assets are gathered into your bankruptcy estate to be distributed to their creditors.  However, there are numerous exemptions that apply, which allows most people to retain all of their assets while discharging their debts in bankruptcy.

Chapter 13 Bankruptcy

For people whose income exceeds certain levels, or for those with significant assets that cannot be protected by exemptions, there is the option of proceeding under Chapter 13.  This involves preserving those assets while paying back a portion of the individual’s debts over the course of three to five years.  The amount to be paid back is determined by the person’s ability to pay (disposable income).

Why Choose the Law Office of Matthew Robinson?

With the Law Office of Matthew Robinson, you are given personal attention and everything is handled by an attorney, not clerks or paralegals.  You won’t be told that your case is “not a simple case” forcing you to pay a higher fee.  You will get a free initial consultation and will gain a full understanding of the process before making the decision to move forward.  Payment plans are also available while we work on your case – fees must simply be paid prior to the filing of the case.

Contact the Law Office of Matthew Robinson at

If you live in Geneva, St. Charles, Aurora, Elburn, Batavia, Elgin, Yorkville or any of the surrounding counties of Kane, DuPage, or Kendall Counties, and would like more information on filing for bankruptcy protection, give The Law Office of Matthew Robinson a call at (630) 402-0850.