Illinois Lawyer Referrals and Legal Guidance
BANKRUPTCY LAWYERS IN ILLINOIS
Findgreatlawyers.com is a free service, run by Illinois lawyers, to find an attorney or obtain guidance for any Illinois legal matter, including Illinois bankruptcy cases. Please call us at (312) 346-5320 or (800) 517-1614 or fill out our contact us form and we will contact you. All inquiries are kept in strict confidence.
Bankruptcy attorneys guide their clients in the process of paying some or all of what they owe to creditors over time. Bankruptcy lawyers are frequently involved in stopping foreclosures, wage garnishments, and creditor harassment. Bankruptcy attorneys assist their clients with the six different types of bankruptcy that fall under Title 11 of the U.S. Bankruptcy Code: Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, and Chapter 15. While one is not legally required to have an attorney when filing under Chapter 7 or Chapter 13, bankruptcy law can prove very complex. Thus, it is often in a debtor’s best interest to hire an attorney to advise them of their legal rights and obligations.
Under Chapter 7 Bankruptcy, attorneys help clients to eliminate their debt via the liquidation of assets. Chapter 9 provides protection for a municipality from its creditors while it develops and negotiates a plan for adjusting its debts. Chapter 11 bankruptcy pertains to business bankruptcy and enables a corporation to obtain legal protection over its assets, reorganize debts, and work out a repayment plan with creditors and wage claimants. This can also be used by debtors who have substantial debts and assets. Chapter 12 deals with rehabilitation for family farmers and fishermen. This chapter enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts. Chapter 13 enables debtors who have a steady income to pay their creditors back over time. Chapter 15 deals with international bankruptcy issues, and usually pertains to foreign companies with U.S. debts.
Findgreatlawyers.com focuses on finding lawyers in every part of the state of Illinois. From Chicago to Rockford, to Central Illinois, down to Southern Illinois, and every county in between, we know the perfect lawyer for you. If you would like our help please call us at (312) 346-5320 or fill out our contact us form and we will call you. All inquiries are kept in strict confidence.