Chicago, IL (PressExposure) September 28, 2011 -- Linda Bal & Associates are known in and around Chicago as a team of competent lawyers assisting people in filing for bankruptcy, in a transparent manner. They have always had flat rate fees, no hidden costs and various payment plans available. But now, they have quoted a fixed figure of $795 for the clients who choose to file under Chapter 7.
The firm has observed that a vast majority of consumers opt for Chapter 7. As this allows them to be debt free (mostly) almost immediately and surrender any nonexempt assets for the benefit of creditors. As a senior legal officer explained, "We have a Chapter 7 Case Flat Fee of $795 for most cases. Filing for Chapter 7 doesn't have to be an additional financial strain. You do not need to wonder how much it will cost you. There is this clear amount to be paid and no hidden cost."
The Law Office of Linda Bal and Associates has always encouraged its clients to take the Chapter 7 route. It gives people with a literal clean slate. Chapter 7 is the best choice when a person doesn't have many assets that they would have to give up to a trustee. If the person facing financial bottlenecks is up to date and current on home and car payments, or if they are ready to give them up to the trustee, then Chapter 7 is a smart way out. Also, if a person is not left with much money to spend after they have paid the monthly expenses, then also they can file for Chapter 7 case.
The firm is of the view that Chapter 7 bankruptcy can help one get rid of most of the debts, and a person who has not received a bankruptcy discharge in an earlier case filed within the past eight years, must file the case. A senior official further explained, "Bankruptcy eliminates most kinds of unsecured debt, including credit cards, medical bills, payday loans, judgments, overdue utility bills, bank charges, deficiencies on repossessed cars, mortgage and second mortgages on foreclosed home and debt incurred because you co-signed for someone."
Linda Bal and Associates is led by Linda Bal, the top bankruptcy lawyer in Chicago. The firm hopes that with their flat fees and no hidden costs, more Chicago residents will consider bankruptcy the best way out of their financial messes.