Bankruptcy is not always your only option to get out of debt. You can also consider:
Debt management plan and credit counseling
Selling off your assets to come up with cash to pay debts
Strategic default, deed in lieu of foreclosure, or short sale
Debt settlement
Applying for a debt consolidation loan
In some cases, doing nothing may be an option if you have little to no assets or financial means. Let our bankruptcy attorneys in Chicago help you make this decision, so you can ensure you’re fully aware of the pros and cons of each of these options, as well as filing for bankruptcy in Illinois.