Oak LawnGeneral information about filing bankruptcy:
We are a debt relief agency. We assist people and businesses file bankruptcy cases. Very few people are comfortable with having to look into or exercise the "Bankruptcy Option". Day to day affairs do not however work according to plan and as a result the need for bankruptcy or at least the examination of bankruptcy options can be necessary.
Stop your sleepless nights. FREE BANKRUPTCY CONSULTATION, PAYMENT PLANS, WEEKEND AND EVENING APPOINTMENTS. Call: 800-598-5929
Bankruptcy can be an important tool to protect yourself, your family, your property and/or your business. When confronted with serious debt issues your responsibilities may include investigating or filing bankruptcy. This Firm has filed over 2,000 bankruptcies assisting individuals and businesses by filing under each of the applicable chapters of the bankruptcy code. We have assisted many thousands more in determining their rights or appropriate courses of action available to enable them to handle their debt problems.
Utilizing EXPERIENCED DEBT PROFESSIONALS to handle these types of problems is your wise course of action.
General information about Chapter 7, Chapter 11 and Chapter 13:
Individual Chapter 7 Individuals who have few assets, or very little equity in their assets, after subtracting State exemptions, generally use Chapter 7 Bankruptcy. Usually individuals who qualify for Chapter 7 may keep what they own; their house, their auto, their furniture and similar items, but are able to get out of most types of unsecured debt, which includes credit cards, medical bills, judgments, garnishments and some types of taxes. Filing a Chapter 7 generally stops all creditor harassment and completing a Chapter 7 usually puts an individual in a better position to obtain future credit than they were in before filing Chapter 7.
Business Chapter 7 is a useful tool for putting an end to a business that is no longer earning enough income to service its debtor otherwise meet the needs of the owners. A Business Chapter 7 can provide a framework within which the business owners can move on with their lives by cutting off creditors rights, reducing the likelihood of future litigation and stopping creditor harassment of business owners. Business Chapter 7 can be used in combination with other legal options open to business owners to put the financial and emotional distress of an unsuccessful business behind them. For more information on whether your business may be eligible, please call to make an appointment.
Chapter 11 is the Chapter of Title 11 of the U.S. Bankruptcy Code which governs the process of re-organization under the bankruptcy laws. When businesses are in trouble and are unable to pay its creditors, it can file (or be forced by its creditors to file) for protection under either Chapter 7 or Chapter 11. A Chapter 7 usually means that the business's assets will be liquidated to pay it's creditors, and then cease operations. Chapter 11 is an attempt to stay in business while the court supervises the re-organization of the company's contractual debt obligations. The court can grant complete or partial relief from most of the company's debts and its contracts, so that the company can make a fresh start. For more information on whether your business may be eligible, please call to make an appointment.
Chapter 13 is ordinarily used by individuals who have fallen behind in payments on their mortgage. Chapter 13 stops foreclosures and forces mortgage holders to take payments on the mortgage arrearage. Chapter 13 also puts the unsecured creditors such as charge cards, medical bills, judgment creditors and even Federal and State Tax creditors on a payment agreement, where they often receive less than the full amount of their claim. Chapter 13 also stops creditor harassment and allows individuals new opportunities to regain their financial footing.
Utilizing EXPERIENCED BANKRUPTCY ATTORNEYS to handle these types of filings is your wise course of action.
Tax Problems, Real Estate, Criminal Defense and Litigation
In addition to Bankruptcy, this Firm offers a wide range of legal services including solving tax problems, real estate closings, criminal defense and litigation services. While the Firm tends to predominate in the area of protecting individuals in business confronted with large judgments and potential judgments or other debt. The Firm also provides Plaintiff litigation services for a variety of causes. Our attorneys bring many years of practical expertise to the services of our clients. If you are interested in finding out whether we can be of assistance to you in handling your current needs, contact our office.
Utilizing EXPERIENCED ATTORNEYS to handle these types of problems is your wise course of action.
Note: We are a debt relief agency. We assist people and businesses file bankruptcy cases. WE OFFER A FREE BASIC INITIAL CONFIDENTIAL CONSULTATION, PAYMENT PLANS AND WEEKEND AND EVENING APPOINTMENTS. Proudly serving the Oak Lawn, IL Area 60453, 60454 and the entire Chicago South Suburbs Area.
Thomas W. Lynch 
Martin Doorhy 
Scott A. Schimanski
Robert W. Maucker