Don't Lose Your Home! (312) 313-1033
Don't Lose Your Home! (312) 313-1033
Our Chicago Foreclosure Attorneys Will Fight For You
The bankruptcy lawyers at Citizens Law Group LTD will help you navigate through these uncertain times with clarity and ease.
There’s nothing worse than feeling financially insecure in a money-driven world. The burden of debt can cause stress to multiple aspects of your life, leaving you wondering how to move toward a stable future. Many people find themselves asking questions like, “Will I lose my home?” or “Is my business going to have to permanently close?”
While these are valid concerns, the good news is that you don’t have to uncover the answers alone. With the guidance of a trusted bankruptcy attorney, you’ll be able to evaluate your unique situation and make decisions that will ultimately provide you with the financial security you are seeking.
Given that everyone’s circumstances are different, consulting with a legal professional will be an invaluable step to take during this process. From the very beginning, you will be able to gain clarity on the path ahead – and get out from under the burden of debt once and for all.
At Citizens Law Group LTD, we understand that bankruptcy can be an unnerving topic to breach. However, we have seen it provide countless clients with success throughout the years. If used properly, bankruptcy is a valuable tool that can do wonders for your financial situation, and our firm is here to help you utilize it to its full potential.
While bankruptcy has the potential to help those facing overwhelming debt, it’s not always the first solution. However, if you are struggling to make minimum payments, dealing with wage garnishments, or facing creditor lawsuits, bankruptcy is likely the most viable option to pursue.
Signs that bankruptcy might be the right thing to do include factors such as:
If you have already tried to restructure debt, negotiate with creditors, and participate in debt counseling with no results, filing for bankruptcy may be the fresh start you’ve been looking for.
For small businesses, bankruptcy can be a strategic move to avoid failure. It is important to keep in mind, however, that the right approach depends on the structure of your business and long-term goals.
Chapter 7 bankruptcy enables sole proprietors to discharge personal and business debts while simultaneously liquidating assets. This is useful if closing the business is the best course of action. Chapter 7 bankruptcy lawyers are able to counsel their clients on whether or not this should be pursued.
Chapter 11 bankruptcy helps businesses reorganize while continuing to operate. It allows the restructuring of debt, renegotiating of leases, and implementation of court-approved repayment plans. While often complex and expensive, a small business bankruptcy attorney can help provide insight into saving your struggling business.
Chapter 13 bankruptcy is available to sole proprietors seeking to restructure their personal and business debts under a manageable payment plan. If this option is chosen, a Chapter 13 bankruptcy lawyer can give you the advice needed to rebuild and begin thriving again.
No, filing for bankruptcy does not automatically mean you will lose your home. Chapter 7 bankruptcy may require the liquidation of non-exempt assets, but Illinois law has a homestead exemption that protects up to $15,000 ($30,000 for spouses) in home equity, and if your equity falls within this limit, your home is safe.
Chapter 13 allows homeowners to catch up on their mortgage payments through a repayment plan, also preventing foreclosure. The automatic stay also halts the foreclosure process while the case is active.
Everyone’s situation is different. That’s why speaking with an experienced bankruptcy attorney in DuPage County, IL about your questions and concerns is so vital to your ongoing success.
If you’ve been searching online for a “bankruptcy lawyer near me” in DuPage County, IL you’ve come to the right place.
Don’t leave the outcome of your financial challenges up to chance. At Citizens Law Group LTD, we aim to empower our clients using proven legal strategies. By working with us, you can rest assured that we will ardently work on your behalf to ensure that the best solution possible is achieved.
Ready to schedule an initial consultation? You can begin your journey toward stability by calling (872) 274-2747 or clicking here today. We look forward to hearing from you!
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