Top Oak Park, IL Bankruptcy Lawyers Near You
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Law Office of Mila Gloria Novak
Bankruptcy Lawyers | Melrose Park Office | Serving Oak Park, IL
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Selig Law Firm, P.C.
Bankruptcy Lawyers | Chicago Office | Serving Oak Park, IL
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Law Office of Scott C. Polman
Bankruptcy Lawyers | Niles Office | Serving Oak Park, IL
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Eversheds Sutherland (US) LLP
Bankruptcy Lawyers | Chicago Office | Serving Oak Park, IL
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Erwin Law LLC
Bankruptcy Lawyers | Chicago Office | Serving Oak Park, IL
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Cotney Construction Law, LLP
Bankruptcy Lawyers | Rosemont Office | Serving Oak Park, IL
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Sessions, Fishman & Nathan, L.L.C.
Bankruptcy Lawyers | Chicago Office | Serving Oak Park, IL
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Manatt, Phelps & Phillips, LLP
Bankruptcy Lawyers | Chicago Office | Serving Oak Park, IL
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Newland & Newland LLP
Bankruptcy Lawyers | Arlington Heights Office | Serving Oak Park, IL
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Law Office of Jonathan W. Cole
Bankruptcy Lawyers | Oak Lawn Office | Serving Oak Park, IL
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Zeidman & Associates Ltd.
Bankruptcy Lawyers | Skokie Office | Serving Oak Park, IL
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Mevorah Law Offices, LLC
Bankruptcy Lawyers | Lombard Office | Serving Oak Park, IL
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White & Case LLP
Bankruptcy Lawyers | Chicago Office | Serving Oak Park, IL
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Quintairos, Prieto, Wood & Boyer, P.A.
Bankruptcy Lawyers | Chicago Office | Serving Oak Park, IL
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Grant & Eisenhofer P.A.
Bankruptcy Lawyers | Chicago Office | Serving Oak Park, IL
Oak Park Bankruptcy Information
Lead Counsel Verified Attorneys In Oak Park
Lead Counsel independently verifies Bankruptcy attorneys in Oak Park by conferring with Illinois bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.
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 Oak Park 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.What sort of issues can I seek legal help with?
Specialized legal help is available for most legal issues. Each case is unique; seeking legal help is a smart first step toward understanding your legal situation and seeking the best path toward resolution for your case. An experienced lawyer understands the local laws surrounding your case and what your best legal options might be. More importantly, there are certain situations and circumstances – such as being charged with a crime – where you should always seek experienced legal help.
How to Prepare for Your Initial Consultation
Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.
Tips on Hiring an Experienced Lawyer with Bankruptcy Cases
The more experienced a lawyer is in legal practice, the more likely he/she will be able to bring about a successful resolution to your issue. Since experience matters, lawyers who’ve been practicing law for many years (with a successful track record) tend to be in high demand. You should look for information about a lawyer’s experience and ask questions during the initial meeting. It’s a very good idea to ask the lawyer how many years he/she has been practicing law and the expected outcome of 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.