Top Chicago, IL Bankruptcy Lawyers Near You

Bankruptcy Lawyers | Chicago Office

79 W Monroe, 5th Floor, Chicago, IL 60603

Bankruptcy Lawyers | Chicago Office

203 North LaSalle Street, Suite 2100, Chicago, IL 60601

Bankruptcy Lawyers | Chicago Office

71 South Wacker Drive, 45th Floor, Chicago, IL 60606

Bankruptcy Lawyers | Crystal Lake Office | Serving Chicago, IL

4 East Terra Cotta Avenue, Crystal Lake, IL 60014

Bankruptcy Lawyers | Chicago Office

2155 W. Roscoe St., Chicago, IL 60618

Bankruptcy Lawyers | Chicago Office

550 West Adams, Suite 300, Chicago, IL 60661

Bankruptcy Lawyers | Chicago Office

30 S. Wacker, 22nd Floor, Chicago, IL 60606

Bankruptcy Lawyers | Chicago Office

33 N Dearborn St, Suite 1140, Chicago, IL 60602

Bankruptcy Lawyers | Chicago Office

345 N. Canal St., Suite C-202, Chicago, IL 60606

Bankruptcy Lawyers | Lisle Office | Serving Chicago, IL

1001 Warrenville Road, Suite 500, Lisle, IL 60532

Bankruptcy Lawyers | Chicago Office

230 West Monroe Street, Suite 240, Chicago, IL 60606

Bankruptcy Lawyers | Schaumburg Office | Serving Chicago, IL

1821 Walden Office Sq, Suite 400, Schaumburg, IL 60173

Bankruptcy Lawyers | Chicago Office

155 North Wacker Drive, Suite 3000, Chicago, IL 60606

Bankruptcy Lawyers | Arlington Heights Office | Serving Chicago, IL

1500 W Shure Dr, Suite 250, Arlington Heights, IL 60004

Bankruptcy Lawyers | Chicago Office

110 N Wacker Drive, Suite 3800, Chicago, IL 60606

Bankruptcy Lawyers | Chicago Office

53 W Jackson Blvd, Suite 1522, Chicago, IL 60604

Bankruptcy Lawyers | Chicago Office

135 South Lasalle Street, Suite 3950, Chicago, IL 60603

Bankruptcy Lawyers | Joliet Office | Serving Chicago, IL

3077 W. Jefferson Street, Suite 107, Joliet, IL 60435

Bankruptcy Lawyers | Chicago Office

200 South Michigan Avenue, Suite 1100, Chicago, IL 60604

Chicago Bankruptcy Information

Lead Counsel Badge

Lead Counsel Verified Attorneys In Chicago

Lead Counsel independently verifies Bankruptcy attorneys in Chicago and checks their standing with Illinois bar associations.

Our Verification Process and Criteria
  • Ample Experience Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
  • Good Standing Be in good standing with their bar associations and maintain a clean disciplinary record.
  • Annual Review Submit to an annual review to retain their Lead Counsel Verified status.
  • Client Commitment Pledge to follow the highest quality client service and ethical standards.

Find a Bankruptcy Attorney near Chicago

Are You Considering Bankruptcy?

If you’re overwhelmed with debt and are looking for legal solutions to solve your financial crisis then bankruptcy may be a great option for you. A skilled Chicago bankruptcy lawyer can help determine whether bankruptcy can help eliminate your debt, and get you back on your feet.

Different Types of Bankruptcy Available

Did you know there are various types of bankruptcy that each serve a different purpose and require a different skillset? A Chapter 7 Bankruptcy is one type a bankruptcy attorney may decide is the best way for you to liquidate your assets to pay off creditors. This is especially true if you currently have no income.

On the other hand, a Bankruptcy law firm may select a Chapter 13 Bankruptcy as a way for you to keep control of your belongings while paying back your creditors over time.

What is bankruptcy?

Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.

What happens when I file for bankruptcy?

When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.

How much does it cost to file for bankruptcy?

There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.

How long does bankruptcy stay on your credit report?

A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.

How an Attorney Can Help

An attorney can often resolve your particular legal issue faster and better than trying to do it alone. A lawyer can help you navigate the legal system, while avoiding costly mistakes or procedural errors. You should seek out an attorney whose practice focuses on the area of law most relevant to your issue.

The Importance of a Good Consultation

The goal of an initial consultation is to find an attorney you are comfortable working with and someone who can help you understand your options under the law. Seek to understand the relevant legal experience the attorney brings to your case. While it is not realistic to expect an attorney to resolve your legal issue during an initial consultation, you should gain a level of comfort with his/her ability to do so. A good consultation can clarify issues, raise pertinent questions and considerations for your case, and help you make an informed decision towards resolving your legal issue.

How will an attorney charge me?

A reputable attorney will be very upfront about how he/she will charge you. The three most common fee structures that attorneys use to charge for their services are:

  • Bill by the hour
  • Contingent fee agreement
  • Flat fee agreement

Depending on your specific legal situation, it’s possible that only one type of fee structure is available. For instance, criminal defense attorneys almost always bill by the hour. In a flat fee arrangement, an attorney accepts a one-time payment to help you resolve your issue. With a contingent fee agreement, the client pays little to nothing upfront and the attorney receives a percentage of the money recovered if you win your case.

Common legal terms explained

Affidavit – A sworn written statement made under oath. An affidavit is meant to be a supporting document to the court assisting in the verification of certain facts. An affidavit may or may not require notarization.

Court Locations in Chicago, IL

Circuit Court of Cook County - County Division

50 West Washington St.
Chicago, IL. 60602
Phone: (312) 603-6194
Court Website

Circuit Court of Cook County - Criminal Division

2600 South California Ave.
Chicago, IL. 60608
Phone: (773) 674-3160
Court Website

Circuit Court of Cook County - First Municipal District

50 West Washington St.
Chicago, IL. 60602
Phone: (312) 603-6132
Court Website
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