Top Chicago, IL Business Bankruptcy Lawyers Near You

Business Bankruptcy Lawyers | Chicago Office

105 W. Madison Street, Suite 1800, Chicago, IL 60602

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Chicago Office

70 West Madison Street, Suite 3500, Chicago, IL 60602

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Chicago Office

211 W. Wacker Dr, 5th Floor, Chicago, IL 60606

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Joliet Office | Serving Chicago, IL

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

Business Bankruptcy Lawyers | Chicago Office

111 East Wacker Drive, Suite 2800, Chicago, IL 60601

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Chicago Office

320 S Canal St, Suite 3300, Chicago, IL 60606

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Chicago Office

222 W Adams St, Suite 2250, Chicago, IL 60606

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Chicago Office

2155 W. Roscoe St., Chicago, IL 60618

Business Bankruptcy Lawyers | Chicago Office

55 West Monroe Street, Suite 1200, Chicago, IL 60603

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Chicago Office

130 E Randolph St, Suite 3900, Chicago, IL 60601

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Chicago Office

155 North Wacker Drive, Suite 3100, Chicago, IL 60606

Business Bankruptcy Lawyers | Chicago Office

875 N Michigan Ave, 31st Floor, Chicago, IL 60611

Business Bankruptcy Lawyers | Chicago Office

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

Business Bankruptcy Lawyers | Lisle Office | Serving Chicago, IL

1001 Warrenville Road, Suite 500, Lisle, IL 60532

Business Bankruptcy Lawyers | Crystal Lake Office | Serving Chicago, IL

4 East Terra Cotta Avenue, Crystal Lake, IL 60014

Business Bankruptcy Lawyers | Chicago Office

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

Chicago Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Chicago

Lead Counsel independently verifies Business 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 Business Bankruptcy Attorney near Chicago

Business Bankruptcy

A Chicago Business Bankruptcy can be a great option if your business is unable to meet its financial obligations and is looking to either restructure debt obligations or liquidate assets. Depending on your company’s current financial position, one or both strategies may be an option.

Business Bankruptcy Options

Provided the bankruptcy is not involuntary, your Business Bankruptcy Attorney may recommend either a Chapter 11 (“reorganization”), or chapter 7 (“liquidation”) bankruptcy to deal with your company’s financial issues.

A Chapter 11 allows a business to reorganize debts and pay off creditor’s over a period of time up to five years. A Chapter 7 liquidation forces the company to literally liquidate all assets, pay off creditors, and ultimately, stop operating. This is typically the least desirable option that your Business Bankruptcy Attorney will try to help you avoid.

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.

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

Pro se – This Latin term refers to representing yourself in court instead of hiring professional legal counsel. Pro se representation can occur in either criminal or civil cases.

Statute – Refers to a law created by a legislative body. For example, the laws enacted by Congress are statutes.

Subject matter jurisdiction – Requirement that a particular court have authority to hear the claim based on the specific type of issue brought to the court. For example, the U.S. Bankruptcy Court only has subject matter jurisdiction over bankruptcy filings, therefore it does not have the authority to render binding judgment over other types of cases, such as divorce.

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