Do You Need a Bankruptcy Attorney in Elmwood Park, IL?
Founded in 1914, the Village of Elmwood Park provides its 25,000 residents with a comfortable suburban setting while enabling them to enjoy the benefits of a larger city, which is just a short drive away. Visitors frequently come to this Cook County town for a delicious Italian beef sandwich at Johnnie’s Beef. What most visitors don’t realize, however, is that many people in this Chicago suburb are struggling with overwhelming debt.
If you are an Elmwood Park resident who is dealing with unmanageable debt problems, you should know that you are not alone. You can speak with a bankruptcy attorney at the Law Office of Thomas W. Lynch & Associates for advice and assistance. A tax professional in our office can help you review your various options and can help you get the debt relief services and bankruptcy assistance you need.
Just complete and submit our Online Request Form or call us at (708) 598-5999to set up a free confidential consultation. The bankruptcy lawyers at Thomas W. Lynch are fully-insured and have many years of experience providing service to residents in the southwestern Chicago suburbs.
Why Turn to Thomas W. Lynch & Associates for help?
The lawyers at Thomas W. Lynch & Associates understand that the decision to file for bankruptcy is one that is not made lightly. When you contact our offices, our staff of professionals can arrange a confidential, in-person consultation with one of our experienced bankruptcy attorneys. This consultation is provided at no cost to you and in no way obligates you to employ our services.
Whether you need to file a personal Chapter 7 bankruptcy claim or need help with a more complex Chapter 11 businesses bankruptcy, our fully-insured staff of attorneys can provide you with expert advice and assistance. These lawyers have already helped more than 3,000 clients obtain debt relief through bankruptcy services and can help you too.
At Thomas W. Lynch & Associates, we appreciate that our clients lead busy lives. That is why we offer convenient evening and weekend hours. We provide our services at reasonable rates so that you can alleviate your debt problems as quickly and painlessly as possible. Contact our law offices today to learn more and you can soon be on the road to financial recovery.
Elmwood Park Residents Can Get Help with Personal Bankruptcy
Bankruptcy is not painless. It requires you to swallow your pride and is followed by years of credit problems. However, sometimes financial troubles can be so severe that they necessitate taking this drastic step. Many people find that the hardships that follow a bankruptcy claim are far less difficult than the hopelessness of an all-encompassing debt problem.
There are two types of personal bankruptcy for which you may file. A bankruptcy attorney at Thomas W. Lynch & Associates will help you determine which option is the right for your personal situation.
- Chapter 7: Not everyone qualifies for this type of bankruptcy. It is ideal for those who own very little property beyond the basic necessities and who are having difficulty meeting basic monthly expenses. It will alleviate you of all of your debt with the exception of some non-dischargeable debts such as child-support and student loans. When you file for Chapter 7, you are likely lose your non-exempt property such as a second home or vehicle.
- Chapter 13 bankruptcy: This is ideal for those with a lot of property or built-up equity who want to maintain ownership of their property. With this type of bankruptcy, debt reductions are negotiated with your creditors and you make a single, manageable payment to a trustee who then handles payments to your creditors. While a Chapter 13 bankruptcy will affect your credit, it will not hurt you as much as a Chapter 7 bankruptcy might.
Elmwood Park Business Owners Can Get Help with Commercial Bankruptcy
If you own a small business that is facing debts and expenses that it just cannot manage, filing for bankruptcy may be your only solution. Our bankruptcy attorneys can assess your situation and help you file for a Chapter 7 or a Chapter 11 business bankruptcy.
- Chapter 7 business bankruptcy: If your business is approved for Chapter 7 bankruptcy, you will be required to liquidate its assets to cover as much debt as possible. The remaining debts will then be written off. This type of bankruptcy necessitates you to permanently shut down your business.
- Chapter 11 business bankruptcy: This is ideal if you wish to keep your business open and running. This type of commercial bankruptcy will provide your company with financial relief through negotiated debt reductions with your creditors. You will make a single payment to a guarantor who will then distribute payments to your various creditors.
Our Law Firm Offers Other Services to Elmwood Park Residents
The Law Office of Thomas W. Lynch & Associates is not limited to providing bankruptcy services. Our staff of professionals can also assist you with:
- Tax debt law
- Tax relief claims
- Real estate law and services
- Criminal and DUI defense representation
If you are looking for an experienced bankruptcy lawyer near Elmwood Park, IL, complete our online form or call us at (708) 598-5999NOW to receive more information. We will be happy to schedule a free, in-person consultation. We provide assistance to those in the 60707 ZIP code and surrounding areas.
