Do You Need a Bankruptcy Attorney in Blue Island IL 60406?

TWL_2015_june_LP_BI1With two community gardens, 112 acres of public parks, and the lush greens of Meadows Golf Club, the historic City of Blue Island, IL offers plenty of recreational outlets designed to help troubled residents relieve their daily stress. However, when financial burdens are overwhelming, peace of mind can be difficult to find in even the most beautiful places.

If out-of-control debt is taking the joy out of your life, the experienced bankruptcy attorneys at Thomas W. Lynch & Associates, P.C. can help. They have been working with Chicagoland residents like you for more than 20 years and can take legal steps to ease the burden of insurmountable debt.

No matter how far behind you are on your bills, Thomas W. Lynch & Associates, P.C. has the experience to help you turn your financial situation around. Call (708) 598-5999 to schedule a free, in-person consultation or complete our online contact form.

Bankruptcy is the Fresh Start You Deserve

TWL_2015_feb_blog5Bankruptcy is no one’s Plan A. But, in the blink of an eye almost anyone’s financial situation can take a turn for the worse. If you have recently lost a job or suffered an illness or injury that resulted in high medical bills that you cannot afford to pay, you owe it to yourself to consider bankruptcy.

By taking proactive steps to regain control of your debt, you may be able to avoid a wide range of annoying or embarrassing consequences such as:

  • Persistent calls from debt collectors
  • Wage garnishment
  • Car repossession
  • Home foreclosure
  • Lawsuits for failure to pay
  • Tax liens or levies

You may be able to receive more complete relief from a bankruptcy court if you file before creditors take judgments against you. Talk to the bankruptcy attorneys at Thomas W. Lynch & Associates, P.C. as soon as you realize that you need help dealing with creditors.

Understanding Your Bankruptcy Options

TWL_2015_may_LP_Bank_Midlo2Thomas W. Lynch & Associates, P.C. offers prospective clients a free, in-person consultation to discuss their financial circumstances and to explain their options for filing for bankruptcy. The two most common filing options available to individuals are Chapter 7 and Chapter 13. With both options, all collection efforts against you must stop immediately. That means all collection calls, wage garnishment, repossessions and foreclosure activities will come to a halt while the court sorts out your case.

Chapter 7 wipes out all of your debts but might not allow you to retain all the property you want to keep. Chapter 7 is usually best for individuals who have few assets and less than an average income. Chapter 13 is a court-supervised debt repayment plan that discharges most or all of your unsecured debt (including credit card debt and medical bills) while giving you a chance to catch up on payments to secured creditors (such as mortgage and auto loans).

For businesses, the two most common filing options available are Chapter 7 and Chapter 11. Failing businesses that are ready to close for good are the perfect candidate for Chapter 7. It stops collection lawsuits and creditor harassment while putting an end to the business. Struggling businesses that have a chance of surviving by restructuring their debt payments are the best candidates for Chapter 11 bankruptcy.

Do you have questions about filing for bankruptcy? Discuss them with an experienced bankruptcy lawyer at Thomas W. Lynch & Associates. Call (708) 598-5999 now for a confidential, no-cost consultation or submit your questions using our online contact form.

Helping Blue Island Residents With a Host of Legal Matters

The Law Office of Thomas W LynchDebt is not the only problem that Thomas W. Lynch & Associates, P.C. can help residents in Blue Island, IL resolve. We have an experienced team of attorneys who practice in a wide range of areas including:

  • Commercial and residential real estate
  • IRS and state tax problems
  • DUI
  • Traffic violations
  • Criminal cases
  • Litigation
  • Medical malpractice

What appeals most to our clients is our personalized approach to each case. As a boutique firm, we are able to offer more reasonable rates than big firms as well as value-added services like:

  • Flexible payment plans
  • Two convenient locations with free parking
  • Evening and weekend hours

Take the first step toward resolving your personal debt problems today. Call the legal professionals at Thomas W. Lynch & Associates, P.C. now at (708) 598-5999.