Bankruptcy Attorney in Midlothian IL

Bankruptcy Attorneys Serving Midlothian, IL Residents

TWL_2015_may_LP_Bank_Midlo1The Village of Midlothian has grown dramatically from its humble beginnings as a milk stop along the Rock Island Railroad. Today, the Cook County village is home to thriving local attractions like the historic Midlothian Country Club, the elegant Bella Mia Ristorante, and the scenic Midlothian Meadows Forest Preserve. As one of more than 14,000 residents living in the 60445 ZIP Code, chances are good that you like to spend your free time enjoying these local amenities. However, if past due bills and excessive debt are making it impossible for you to smell the roses, you do not have to continue struggling alone.

Bankruptcy is a legal remedy designed to help people like you get a fresh start. The bankruptcy attorneys at Thomas W. Lynch & Associates, P.C. have helped thousands of individuals and businesses get the debt relief they need. If you can no longer manage your debt, bankruptcy may help you get your finances back on track so you can enjoy life again.

Take the first step toward a fresh start today! Call (708) 598-5999 to schedule a free, no obligation appointment to discuss your financial situation with a bankruptcy lawyer at Thomas W. Lynch & Associates, P.C. You can also complete our convenient online form to have someone from our office contact you.

Is Bankruptcy Right for Me?

TWL_2015_may_LP_Bank_Midlo2If you are like most people, you want to pay your bills in full and on time. The thought of filing for bankruptcy may cause you to feel guilty, or worse yet, to feel that you have failed. At Thomas W. Lynch & Associates, P.C., we know differently. You should never feel guilty about considering bankruptcy. It is an opportunity that Congress created so that people like you can gain control of your finances.

If you are struggling with any of the following stressful situations, you are a good candidate for bankruptcy:

  • Daily phone calls from harassing creditors
  • Not enough money to pay your monthly expenses
  • Overwhelming medical bills
  • Foreclosure or repossession
  • Tax levies or liens
  • Garnishment of wages
  • Lawsuits for failure to pay past-due bills

Don’t let overwhelming debt continue to stress you out. Get a fresh start today. Call (708) 598-5999 now to schedule an appointment with a bankruptcy lawyer at The Law Offices of Thomas W. Lynch, P.C. You can also ask us questions by using our online contact form.

What Are My Bankruptcy Options?

TWL_2015_mar_blog20Once you decide that bankruptcy might be the best choice for you, a bankruptcy lawyer at Thomas W. Lynch & Associates, P.C. can explain all of your debt relief options and help you determine which filing is right for your situation. Chapter 7 and Chapter 13 are the two most popular personal bankruptcy filings. For businesses, Chapter 7 and Chapter 11 are the most common filings.

Chapter 7 Personal Bankruptcy

Chapter 7 appeals to individuals who have recently lost their job or who make lower than average wages. In most cases, you can still keep your valuable assets, including your car. Debt collectors must stop calling your home and wage garnishments will cease immediately. Chapter 7 discharges all debt without further repayment except for non-dischargeable debt (like student loans, child support, and certain tax debt).

Chapter 13 Personal Bankruptcy

Chapter 13 appeals to employed individuals who have a good source of income but are still underwater financially. Like Chapter 7, filing Chapter 13 provides immediate relief from harassing debt collection efforts. The difference is that Chapter 13 includes a repayment plan that allows you to catch up on delinquent payments on secured property.

Chapter 7 Business Bankruptcy

Chapter 7 business bankruptcy appeals to failing businesses that are ready to close their doors for good. All business assets and debts are turned over to the bankruptcy trustee, leaving the business owner free to move on to more successful opportunities.

Chapter 11 Business Bankruptcy

Chapter 11 business bankruptcy appeals to struggling businesses that could survive if their outstanding debts were restructured. Under this filing, the court supervises a debt reorganization plan that helps the business fulfill its contractual debt obligations.

If you need assistance with debt relief, call (708) 598-5999 today to schedule a free, confidential in-person consultation with an experienced bankruptcy lawyer at The Law Offices of Thomas W. Lynch, P.C. You can also use our online contact form to submit questions about the services we provide.

Federal and bankruptcy litigation on behalf of individuals, family-owned businesses, and multi-national companies are Attorney Michael Martin-Johnston’s main areas of expertise gained from his time at the Illinois Attorney General’s Office.