DuPage County Bankruptcy Lawyers
Experienced Bankruptcy Attorneys Serving Lombard, Bloomingdale, and Throughout Illinois
Many good people go through financial hardships. Tough economic times have led to countless job losses as companies downsize and/or jobs are moved overseas. In other cases, unexpected medical expenses place an undue burden on family finances, causing people to become overwhelmed with their mounting bills. If you are going through financial trouble, bankruptcy can offer a fresh start and place you on the road to financial recovery. To find out if this is the right option for you, it is best to speak with an experienced bankruptcy lawyer.
At Mevorah & Giglio Law Offices, we have several decades of experience helping families that are facing financial trouble get back on their feet. Our award-winning attorneys have extensive experience with all types of bankruptcy cases in Chicago and throughout northern Illinois. We are also skilled across a wide range of other practice areas; including divorce and family law, personal injury, criminal, workers compensation and immigration. Our in-depth knowledge of several areas of the law allows us to craft the most comprehensive solution to relieve your financial difficulties.
We have received recognition not only for our experience and skill, but also for our unwavering commitment to protecting the interests of each client we serve. Our lawyers are honest, compassionate, accessible and approachable. We understand that when you are facing bankruptcy, it is a difficult time both emotionally and financially. For this reason, we work hard to make the legal process as smooth and seamless as possible. We offer free initial consultations, extended evening and weekend hours for your convenience, and we provide frequent updates on the progress of your case, so you are always kept in the loop.
Individual and Small Business Bankruptcies in Illinois
We provide skilled assistance with all types of bankruptcy and related issues for individuals and small businesses. These include:
- Chapter 7 Bankruptcy;
- Chapter 13 Bankruptcy;
- Garnishments and Wage Levies;
- Bankruptcy and Divorce;
- Bankruptcy Alternatives;
- Non-Bankruptcy Solutions; and
- Life after Bankruptcy.
Chapter 7 Bankruptcy
Those who have a high amount of bills and little or no hope of paying them back in a reasonable amount of time often opt for Chapter 7 bankruptcy. For those that qualify, Chapter 7 can eliminate most types of unsecured debt. When you file, an automatic stay goes into effect halting collection activity from most creditors. You are also allowed to exempt a portion of your personal property (such as a certain amount of equity in your home, vehicle and other personal items) from being liquidated to pay off your debts, up to the maximum allowed by the state of Illinois.
Chapter 13 Bankruptcy
Chapter 13 is essentially a court-approved debt consolidation plan. This option is suitable for those with steady income that need more time and/or a lower monthly payment in order to pay back their debts. Using Chapter 13 bankruptcy, debtors are able to propose a plan to repay their debts over the course of three to five years. During the process, it is often possible to significantly reduce interest on debts and come up with a lower and more manageable overall monthly payment.
The Bankruptcy Reform and Consumer Protection Act (BAPCPA) made widespread changes to the law and was intended to help protect creditors and reduce fraud. These changes placed restrictions on qualifications for filing Chapter 7 bankruptcy. In some cases, individuals are forced to opt for Chapter 13 (reorganization) if they do not meet the requirements for a Chapter 7 filing.
At Mevorah & Giglio Law Offices, we thoroughly examine your finances to determine your options and the best course of action. Whether that means Chapter 7, Chapter 13 or a non-bankruptcy solution, we put our experience to work to develop the best strategy to help you obtain financial relief. For a free consultation with one of our experienced Illinois bankruptcy attorneys, contact our office today at 630-932-9100630-932-9100.
We are a debt-relief agency under the United States Bankruptcy Code. We help people file for bankruptcy relief under the bankruptcy code.