Top Berkeley, IL Chapter 13 Bankruptcy Lawyers Near You
3077 W. Jefferson Street, Suite 107, Joliet, IL 60435
110 N Wacker Drive, Suite 3800, Chicago, IL 60606
444 W Lake St, Suite 1700, Chicago, IL 60606
155 North Wacker Drive, Suite 3800, Chicago, IL 60606
320 S Canal St, Suite 3025, Chicago, IL 60606
401 North Michigan Avenue, Suite 1700, Chicago, IL 60611
53 W Jackson Blvd, Suite 1522, Chicago, IL 60604
4 East Terra Cotta Avenue, Crystal Lake, IL 60014
303 West Madison Street, Suite 300, Chicago, IL 60606
79 W Monroe, 5th Floor, Chicago, IL 60603
444 W Lake St, Suite 1650, Chicago, IL 60606
71 South Wacker Drive, 45th Floor, Chicago, IL 60606
161 N Clark, Suite 4500, Chicago, IL 60601
2155 W. Roscoe St., Chicago, IL 60618
120 South Riverside Plaza, Suite 2200, Chicago, IL 60606
55 West Monroe Street, Suite 1200, Chicago, IL 60603
321 North Clark Street, Suite 1000, Chicago, IL 60654
105 W. Madison Street, Suite 1800, Chicago, IL 60602
321 N Clark St, Suite 500, Chicago, IL 60654
180 N Stetson Ave, Suite 1400, Chicago, IL 60601
903 Commerce Drive, Suite 210, Oak Brook, IL 60523
320 S Canal St, Suite 3300, Chicago, IL 60606
200 S Wacker Dr, Suite 600, Chicago, IL 60606
1 North State Street, 15th Floor, Chicago, IL 60602
400 E Diehl Rd, Suite 200, Naperville, IL 60563
Berkeley Chapter 13 Bankruptcy Information
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Lead Counsel independently verifies Chapter 13 Bankruptcy attorneys in Berkeley and checks their standing with Illinois bar associations.
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Ample Experience
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Good Standing
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Client Commitment
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What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy reorganizes your debts with a repayment plan to help you get a new start. Chapter 13 is known as a “wage earner’s bankruptcy,” where you use your income and assets to make payments over three to five years under the payment plan. Chapter 13 filing puts a stop to collection actions, including foreclosure. After making the necessary payments, your dischargeable debts are cleared.
What Are Some Examples of Situations Where I Might Need a Chapter 13 Bankruptcy Lawyer?
Many people struggle to decide between filing a Chapter 13 or Chapter 7 bankruptcy filing. A Chapter 13 filing may be more beneficial for you if you:
- Are employed and earning money
- Own a home but are behind on mortgage payments
- Earn too much income to qualify for a Chapter 7 filing
- Want to hold onto more of your most valuable assets, like a business
How Can a Lawyer Help Me With Bankruptcy?
An experienced bankruptcy lawyer can give you the knowledge and backing you need to navigate the legal system and find the best possible results for you. Because laws regarding bankruptcy exemptions and the property you can keep vary from state to state, speaking with a lawyer near you with knowledge of Illinois’s laws is critical in understanding your situation and making the best decisions. A bankruptcy lawyer can help with:
- Legal advice and counsel
- Negotiating with creditors
- Filing legal motions and taking care of administrative duties
- Improving your chances of keeping your assets and getting everything settled favorably
What Could Happen if I Don’t Hire a Bankruptcy Lawyer?
Not hiring a bankruptcy lawyer can lead to costly errors and prolonged financial stress. If you don’t hire a bankruptcy lawyer, you might make mistakes in the bankruptcy process. These mistakes could lead to your case being dismissed. Without a lawyer’s guidance, you could miss out on important protections, such as stopping creditor harassment or preventing foreclosure. You might also choose the wrong type of bankruptcy, resulting in more financial trouble. Handling bankruptcy alone increases the risk of losing assets you could have kept and wanted to keep. Additionally, you may struggle to negotiate with creditors without a lawyer. This makes it harder to achieve a manageable debt repayment plan or discharge.
What Questions Should I Ask When Trying To Find a Bankruptcy Lawyer in Chicago?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your case well. Many lawyers offer free consultations that allow you to understand your options and get specific legal advice before hiring them. Top questions include:
- What is your experience in handling bankruptcy cases? Have you managed cases like mine? What was the outcome of these cases?
- Do you have experience resolving issues like this in Illinois?
- What is your approach to handling bankruptcy cases?
- What is your record in negotiating favorable debt repayment plans?
- How do you communicate with clients about the progress of their cases?
- How much input will I have about the case strategy?
- What are your fees and billing structure?
Tips for Hiring a Bankruptcy Lawyer
Finding a lawyer who is right for you and will represent your best interests is an important first step in protecting your rights. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts