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Top Schaumburg, IL Bankruptcy Lawyers

Located in Orland Hills, Illinois, Forst Law Offices provides a full range of quality, effective legal services to help you with all the serious and pressing legal challenges affecting your family, your finances and your future. Widely regarded as one of the leading attorneys in our region, Richard J. Forst has more than 30 years of legal experience. He established our law firm with a mission to...

Discrimination in the workplace is not only hurtful, it can also affect your ability to support your family. As the founder of the Michael T. Smith Law Offices located in Roselle, Illinois, Mr. Smith advocates on behalf of those who have suffered injustices on the job. Whether you have been the victim of discrimination, retaliation or a wrongful termination, the office team works to help you...

An Experienced Bankruptcy Law Firm in DuPage County Linda Bal & Associates — Itasca, Illinois Whether it's a foreclosure summons, a credit card company threatening to sue you, worries about your car being repossessed or constant phone calls from debt collectors, there is a solution. Meaningful debt relief is within your reach. Our law firm can help you get it. At the law office of Linda...

Bankruptcy Lawyers In Schaumburg, Illinois, Can Help You

If you're experiencing severe financial difficulties, bankruptcy can provide a path to debt relief and help you get a fresh start. Whether you are just starting to consider bankruptcy or have already filed, getting a bankruptcy lawyer involved can help you maximize the benefits afforded to you by the United States Bankruptcy Code.

We've assembled a list of trusted local lawyers that you can use to find the right Schaumburg bankruptcy attorney to help you stop wage garnishment, prevent creditor harassment, get debt relief, and protect your property.

Types of Bankruptcy

A bankruptcy attorney can help you determine if the process is right for you or if other debt relief options are better suited to your needs. If bankruptcy is appropriate for your situation, your lawyer will help you decide whether Chapter 7 bankruptcy (often used by individuals or small business owners), Chapter 13 bankruptcy (where debt repayment plans are established to help you get back on track), Chapter 11 (business reorganization) or some other form of Illinois-specific bankruptcy process is best for you.

Why File For Bankruptcy?

People wind up filing for bankruptcy for many reasons, often involving outside forces or unforeseen expenses: Medical debt and unexpected health care costs can quickly spiral out of control, credit card debt can accrue due to business expenses or needing to use a credit card during periods of unemployment and low cash flow, investments in the stock market, real estate or other financial vehicles might suffer due to a financial crisis, or a supply chain shutdown can cause debt to cascade in times of pandemic (such as the coronavirus/COVID-19 outbreak) or due to oil price fluctuations. In any of these situations, a bankruptcy attorney can help you find the best course of action.

What Questions Should I Ask A Bankruptcy Lawyer?

Not sure what to ask a bankruptcy lawyer? Here are a few sample questions to get you started:

  • How long have you been in practice?
  • How many bankruptcy cases have you handled?
  • How much does a bankruptcy filing cost? How much of that cost is attorney fees vs. filing fees?
  • Where is your office in Schaumburg located?
  • What are the next steps?

Want To Check Lawyer Discipline?

It is always a good idea to research your bankruptcy lawyer prior to hiring. Every state has a disciplinary organization that monitors attorneys, their licenses, and consumer complaints. By researching lawyer discipline you can:

  • Ensure the attorney is currently licensed to practice in your state
  • Gain an understanding of his or her historical disciplinary record, if any.
  • Determine the seriousness of complaints/issues which could range from late bar fees to more serious issues requiring disciplinary action.

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