Do You Need a Bankruptcy Attorney in Melrose Park, IL?

The Village of Melrose Park provides its residents with a small-town setting while enabling them to enjoy all the benefits of the city of Chicago, which is just a short drive away. As visitors drive down the tree-lined streets with their manicured lawns in this lovely Cook County village, they would likely be surprised to learn that behind the closed doors of some of this town’s well-kept homes, residents are struggling with overwhelming debt.

If you are a Melrose Park resident who is experiencing unmanageable debt problems, know that you are not alone. You can seek counsel from a bankruptcy attorney at the Law Office of Thomas W. Lynch & Associates to get legal advice and filing assistance. A bankruptcy professional in our office can meet with you to review your various options and can help you get the debt relief services you need.

If you would like to arrange an obligation-free confidential meeting with one of our bankruptcy lawyers, simply submit our Online Request Form or call us at (708) 598-5999 today. Our attorneys are fully-insured and have many years of experience providing bankruptcy legal assistance to residents in the southern and western Chicago suburbs.

Why Melrose Park Residents Choose Thomas W. Lynch & Associates

Nobody makes the decision to file for bankruptcy easily. The legal team at Thomas W. Lynch & Associates understands the personal difficulty involved in taking this drastic step. If you are dealing with out-of-control debt and feel you have no other options, you can arrange a confidential, in-person consultation with one of our experienced bankruptcy attorneys. This free consultation in no way obligates you to employ our services, but we feel that you will be impressed with the assistance we can offer.

Whether you are looking to file a personal Chapter 7 bankruptcy claim or need help understanding the more complex procedures involved with filing a Chapter 11 businesses bankruptcy, our fully-insured staff of bankruptcy lawyers can provide you with expert advice and assistance. These attorneys have already helped more than 3,000 people in Melrose Park and surrounding areas get the debt relief they needed through bankruptcy services. Allow them to help you too.

The professionals in our law firm realize that our clients lead busy lives. Normal business hours do not always suffice so we offer convenient evening and weekend hours as well. The bankruptcy attorneys in our office provide their services at reasonable rates and this can enable you to alleviate your debt problems as quickly and painlessly as possible. Contact a professional in our law office today to learn more.

Melrose Park Residents Can Get Help with Personal Bankruptcy

Filing for bankruptcy requires you to swallow your pride and accept that you will be faced with years of credit problems. However, when your financial troubles are severe are overwhelming, this last-resort is often the only remaining solution. Many people discover that the difficulties that follow a bankruptcy claim, though difficult, are far less trying than the hopelessness that accompanies an all-encompassing debt problem.

There are two personal bankruptcy types for which you may file. A bankruptcy attorney at The Law Office of Thomas W. Lynch & Associates will help you determine which type is the right option for your personal situation.

• Chapter 7: This type of bankruptcy claim is ideal for those who own very little property beyond the basic necessities and who are having difficulty meeting their basic monthly expenses. If you qualify for this type, it will relieve you of all of your debt with the exception of your mortgage, car payment and some non-dischargeable debts such as child-support, taxes and student loans. When you file for Chapter 7, you are likely to lose some non-essential property such as a second home or second car.
• Chapter 13 bankruptcy: This type of bankruptcy is ideal for those who own a lot of property or have built-up a good deal of equity that they want to maintain ownership of. With a Chapter 13 bankruptcy, a legal representative negotiates debt reductions with your creditors. You will be expected to make a single, manageable monthly payment to a trustee who will handle payments to your to those you owe. While a Chapter 13 bankruptcy will negatively affect your credit, it will not hurt you as much as a Chapter 7 bankruptcy would.

Melrose Park Business Owners Can Get Help with Commercial Bankruptcy

If you own a business in or around Melrose Park that is unable to meet its debts and expenses, filing for commercial bankruptcy may be your only solution. Our bankruptcy attorneys can assess your situation and help you file for either a Chapter 7 or a Chapter 11 business bankruptcy.

• Chapter 7 business bankruptcy: If your commercial enterprise is approved for Chapter 7 bankruptcy, you will be required to liquidate all its assets to cover as much debt repayment as possible. Your company’s remaining debts will then be written off. When you file for this type of business bankruptcy, you will need to permanently shut down your company.
• Chapter 11 business bankruptcy: Business owners that wish to keep their businesses open and running would benefit from Chapter 11 bankruptcy. This will provide your company with financial relief through negotiated debt reductions with its creditors. The company will be required to make a single monthly payment to a guarantor who will then distribute payments to those it owes.

Our Law Firm Offers Other Services to Melrose Park Residents

The Law Office of Thomas W. Lynch & Associates provides more than just bankruptcy services. Our legal team can also assist you with:

• Tax debt law and tax relief claims
• Real estate law and legal services
• Criminal  and DUI defense

If you need an experienced bankruptcy lawyer near Melrose Park, IL, simply complete our online form or call us at (708) 598-5999 NOW to schedule a free, in-person consultation. Our firm provides assistance to those in the 60160 ZIP code and surrounding areas.