BANKRUPTCY SERVICES FOR INDIVIDUALS AND FAMILIES IN ILLINOIS
Understanding the stress and anxiety of overwhelming consumer debt, the attorneys at the Law Offices of John J. Lynch, P.C. help individuals filing for bankruptcy in Illinois find the best approach for finding debt relief from mounting credit card debt and unforeseen expenses. By deciding to file for bankruptcy, individuals and families can begin a path to financial recovery while stopping creditor harassment, preventing wage garnishment, and protecting many of their assets.
More often than not, hard-working individuals are caught off guard by financial crisis caused by unforeseen expenses like sudden medical expenses or loss of employment. Our personal bankruptcy attorneys offer supportive and understanding representation to clients, helping debtors make informed decisions about the debt relief options available to them. If you are considering filing for bankruptcy in Illinois, contact our Lisle, Illinois offices today to discuss your filing with our lawyers during a free initial consultation.
Chapter 7 and Chapter 13 bankruptcy petitions were designed to help individuals cope with unmanageable debt and find a financial fresh start. Chapter 7, also known as a "fresh start" bankruptcy, allows individuals to discharge their debt while protecting many of their assets; whereas, Chapter 13 allows individuals to restructure their debt and the repayment of their debt in order to allow them to repay most, if not all their debt, in a way that works better for them.
While the new bankruptcy laws that take effect on October 17, 2005 may make it harder for some individuals to file for bankruptcy, relief is still available to individuals under both chapters. While the new laws require that debtors meet certain requirements, such as mandatory credit counseling, and qualify for Chapter 7 by meeting standards set forth in a means test, most individuals will still be able to file for bankruptcy and find the help they need.
To find out more information about bankruptcy, including Chapter 7 filings, Chapter 13 repayment plans, and new bankruptcy laws, click here.
Law Offices of John J. Lynch, P.C.
Toll Free: 866-520-5657
Phone: 630-960-4700
Fax: 630-960-4755
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