Are You a Hillside, IL Resident with Debt Problems?
Help Is Available at the Law Offices of Thomas W. Lynch & Associates
As the “Hub of the Western Suburbs” since 1905, Hillside, Illinois combines the virtues of small town life with the advantages of big city living. Swimming at the Water Park and hiking along the Prairie Path are only two of the many outdoor activities in the area, while Hillside’s status as the “Metro Gateway” gives residents access to all the opportunities that Chicago provides.
As nice as it is to live in the 60162 ZIP code, financial circumstances are not ideal for all Hillside residents. For some, times are tough. Several homes that were purchased in 2008 are currently selling for half that amount. Furthermore, many residents of Hillside and surrounding Illinois communities lost their jobs or saw their family incomes reduced as the economy tumbled.
If you are a Hillside resident who is struggling to pay your mortgage or is distressed by the high interest rates that credit card companies charge after you start missing payments, it may time to get advice from a bankruptcy professional.
Put an end to your worries about debt. Learn about your options in a free face-to-face meeting with one of our skilled bankruptcy attorneys. Call the Law Offices of Thomas W. Lynch & Associates at (708) 598-5999 to make an appointment with a bankruptcy professional or fill out our online form and we will contact you.
Get Help from an Experienced Professional
The bankruptcy lawyers at the Law Offices of Thomas W. Lynch & Associates know what you’re going through. Our staff of experienced bankruptcy professionals has helped thousands of people in Hillside and surrounding communities who were overwhelmed by debt.
We understand that the stress you are experiencing can be unbearable. Calls from debt collectors, nasty letters from banks or the IRS, and threats to foreclose a mortgage or repossess an automobile can make you sick with worry. Financial problems put a strain on marriages and are a leading cause of divorce. Kids know when their parents are stressed. They suffer with the rest of the family when bills are not being paid on time.
An experienced bankruptcy attorney can help you cope with the burden of debt. The debt relief professionals at the Law Offices of Thomas W. Lynch & Associates are available for convenient evening and weekend appointments at our nearby offices in Hickory Hills and Berwyn. The initial consultation is free and our fees for handling your case are always reasonable. Payment plans are available.
Do not delay. Call the Law Offices of Thomas W. Lynch & Associates today at (708) 598-5999 to make an appointment with a bankruptcy attorney. If you prefer, you can fill out our online contact form and a member of our staff will get in touch with you to arrange a consultation.
Learn about Your Options for a Personal Bankruptcy
Most individuals with unmanageable debt qualify for either a Chapter 7 or a Chapter 13 bankruptcy. When you meet with a bankruptcy attorney at the Law Offices of Thomas W. Lynch & Associates, you will learn which option is right for you and your family. The choice will depend upon your individual circumstances and on the mandates of bankruptcy law.
No matter which option you pursue, relief is immediate. Your creditors will be required to stop contacting you about your debt as soon as you file. All concerns about your debt will be handled by the court, the bankruptcy trustee, and your lawyer. You will be free to answer the phone again without worrying about another harassing call from a debt collector.
Chapter 7 Personal Bankruptcy
If you qualify to file under Chapter 7 of the bankruptcy code, the bankruptcy court will wipe out most, or all, of your unsecured debt. A few kinds of unsecured debt cannot be erased. An experienced bankruptcy attorney will review your financial situation with you to determine whether you qualify for a Chapter 7 filing and whether you will still owe any of your unsecured debts after approval.
Chapter 7 allows a court-appointed trustee to sell certain property you own and to use the proceeds of the sale to repay your creditors. The generous exemptions provided by Illinois law generally allow you to keep your personal effects and much of your property. You may be able to keep everything you own. We will review your assets with you to determine whether they can be protected from a liquidation sale.
Secured debts (for instance, a mortgage on your home or a lien on your vehicle) are handled differently. Chapter 7 generally allows you to make a choice about how to deal with secured debts. You may be able to:
- surrender the property to your creditor
- negotiate a new payment schedule, or
- keep the property by paying its current value to the creditor.
One of our professional bankruptcy lawyers will review these options with you so that you can decide which one is best for you.
Chapter 13 Personal Bankruptcy
If you do not qualify for Chapter 7, you may be able to file under Chapter 13. Individuals with regular and sufficient income can propose a debt repayment plan that will be supervised by the bankruptcy court. Over a period of time, you will repay a portion of your debt to your creditors. Payments are deducted from your paycheck and distributed to your creditors by the bankruptcy trustee. You are entitled to keep and to use your property while the Chapter 13 repayment plan remains in effect.
Many people worry about the stigma of a bankruptcy and its impact on their ability to borrow in the future. The sad truth is that your credit score is already being hurt by your late payments and high debt. Bankruptcy gives you a fresh start that, over time, allows you to rebuild your creditworthiness. A Chapter 13 bankruptcy lets your creditors know that you are doing your best to pay off your debts.
Get a fresh start today. Call the Law Offices of Thomas W. Lynch & Associates at (708) 598-5999 or fill out our online contact form to schedule an appointment with an experienced bankruptcy professional.
Learn About your Options for a Business Bankruptcy
If you own a family corporation or are managing a corporation with outside shareholders, the Law Offices of Thomas W. Lynch & Associates can advise you about your debt relief options.
Chapter 7 Business Bankruptcy
Businesses that simply can’t survive may qualify for a Chapter 7 bankruptcy. If you qualify for Chapter 7 business bankruptcy, your business will be liquidated. If a creditor has a lien on any business property, the creditor will take control of that property. Other property owned by the business will be sold by the bankruptcy trustee for the benefit of creditors.
Chapter 11 Business Bankruptcy
If your business can survive as an ongoing enterprise, another option is available. A Chapter 11 bankruptcy allows a business to propose a debt reorganization plan to the bankruptcy court. The court-supervised plan provides for payment of debts on terms that the business can manage. Our bankruptcy attorneys can help you decide whether a Chapter 11 bankruptcy is right for your business.
Do Not Ignore Your Debt Problems
If you cannot pay your bills, your problems will not go away. Ignoring your debt crisis will only make it worse. Many Hillside residents have lost their homes and vehicles because they failed to act. People who wait until after they are sued face the extra burden of judgment liens that could have been avoided by prompt contact with a debt relief agency.
The sooner you meet with a dedicated bankruptcy attorney at the Law Offices of Thomas W. Lynch & Associates, the better will be your chances of avoiding financial disaster. Your friends and family will see the difference in your personality when you stop worrying about the future and start living for today. The friendly, professional staff at our fully insured debt relief agency is eager to serve your needs.
If you live in the 60162 ZIP code or in any of the communities surrounding Hillside, you can make an appointment with a bankruptcy attorney by calling the Law Offices of Thomas W. Lynch & Associates at (708) 598-5999. You can also fill out our online contact form to get started on the journey to a better future.
