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In the Legal Brief, I discuss important issues about how the law affects us all. Subscribers are welcomed to write in about Foreclosure Defense and Bankruptcy Law or with any specific legal issue or question to be addressed. Your question may show up next!

- Daniel S. Khwaja, Attorney At Law

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Misconceptions and Myths about Filing for Bankruptcy

The Truth about Bankruptcy

Unfortunately, there are many misconceptions and wrongful notions that people have about filing for bankruptcy. Coupled with the fear generated by these myths, the social stigma associated with bankruptcy cause many people to overlook bankruptcy as a viable and effective debt relief option.

If you are struggling to control your debt and find yourself continually falling further and further behind on your bills, mortgage, or unable to meet your family’s most basic financial needs, Illinois Bankruptcy Lawyer Daniel S. Khwaja can help. Mr. Khwaja can arm you with the information and facts to dispel the many myths and misconceptions about foreclosure that might be holding you back from considering all your options for debt relief.

Widely-Held Myths Include:

  • Filing for bankruptcy automatically means you will lose everything that you own.

    The Facts - While it is true that certain assets might be liquidated to help pay off creditors, there are many bankruptcy exemptions that will protect certain important items you own.

  • You are limited to filing for bankruptcy once in a lifetime.

    The Facts - This is entirely untrue. There are certain waiting periods that must be observed, after which you are allowed to file for another bankruptcy.

Are You in Need of an Illinois Bankruptcy Lawyer?

Bankruptcy is an extremely important decision that deserves to be considered and contemplated from every angle. If your financial situation has caused you to consider filing for bankruptcy, you should not hesitate to contact Illinois Bankruptcy Lawyer Daniel S. Khwaja today to get your questions answered. Attorney Khwaja can help you get your financial life back with a bankruptcy resolution.


Illinois Lawyer Daniel S. Khwaja handles cases pertaining to Chapter 7 bankruptcy, foreclosure defense, foreclosure rescue, lender fraud, and renter eviction defense. Schedule Your FREE Initial Consultation.

Learn about your options, protect your rights. We can help. Contact us today.

Affordable Bankruptcy Chapter 7 Legal Services

Only $1,800* erase your debt image

Many hard-working, responsible people find themselves forced to admit that they need help, especially when it comes to finances and potentially having to file bankruptcy.

Now more than ever, it is crucial to have the right Illinois Bankruptcy Lawyer by your side.

Illinois Bankruptcy Lawyer Daniel S. Khwaja can help during this difficult time to provide the information you need to decide if bankruptcy is the right debt relief solution for your situation.

*Fees listed are in US Dollars ($) and exclude applicable and separate court filings fees, etc. | Flexible payment options | Cash, Check, MO accepted on BK Services.

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Are you feeling overwhelmed by debt? financial stress image

Contact Attorney Daniel S. Khwaja if you are thinking about debt relief solutions including bankruptcy.

The more time you have to spend discussing the details of your case to examine your options and strategies, the better your chances are of having the right information and assistance to help make the process as pain free as possible.

The Lawyer Daniel S. Khwaja specializes in Chapter 7 bankruptcies in Illinois, and is here to answer any questions you may have and to provide legal guidance.

Contact Daniel S. Khwaja, Esq. for a free bankruptcy case evaluation.

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Chicago, IL 60622
Phone: 1-312-933-4015

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Daniel S. Khwaja


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Legal Disclaimers

The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter and you should consult with an attorney before using any information from or any Legal Forms provided on this website. All Fees listed are in US Dollars ($) and exclude court filings fees, etc.

Daniel S. Khwaja, Esq. is licensed in Illinois with a main office in Chicago.

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