Schaumburg Chapter 7 Bankruptcy Attorney
Suburban Legal Group PC provides Chapter 7 Bankruptcy attorney services in Schaumburg, IL
View Larger Map
Suburban Legal Group PC – Schaumburg (Main Office Location):
1305 Remington Road, Suite C
Schaumburg, IL 60173
Bankruptcy and Real Estate Attorney Services in Schaumburg, IL
The main office of the Suburban Legal Group PC law firm is in Schaumburg, IL at 1305 Remington Road, Suite C, Schaumburg (pronounced /ËˆÊƒÉ”ËmbÉ™rÉ¡/), Illinois 60173.
While Schaumburg has seen increased real estate development efforts over the last 20 years, the city has not been immune to the challenges of the last five years, and many citizens are struggling financially.
With world headquarters of Motorola Solutions, a 458,000-square-foot IKEA store, the internationally acclaimed Woodfield Mall, (the 9th largest mall in America), a new minor league baseball stadium and a recently renovated airport, there is much opportunity in Schaumburg.
However, many in Schaumburg still face too much debt, and are searching for solutions to relieve their financial issues.
Consider a Chapter 7 Bankruptcy Lawyer
While Bankruptcy in Schaumburg should be considered a last resort to help you get out of debt, it could be the answer you are looking for in your search to regain and build a stable financial future.
If the following situations apply to you, a Chapter 7 bankruptcy filing may be your answer:
- Debt collectors will not stop harassing me
- I’ve been missing my monthly payments
- I need a solution to liquidate my debt
If this sounds like your situation, it may be time to consider speaking with a bankruptcy attorney about filing for Chapter 7 Bankruptcy in Schaumburg.
What is Chapter 7 Bankruptcy?
Many people are intimidated by the bankruptcy process and are therefore hesitant to even consider it as an option. We find that providing some basic information on Chapter 7 Bankruptcy can dispel myths, and lessen people’s fear of this common and often very effective solution.
Chapter 7 bankruptcy is a way to eliminate unsecured debt when you are unable to manage your monthly payments. As opposed to Chapter 13 Bankruptcy, which includes a repayment plan, Chapter 7 is sometimes referred to as liquidation because your unprotected assets are liquidated to pay part of your bills. Since many assets are protected in Illinois, it is very important to consult with a Chapter 7 Bankruptcy Lawyer when considering your options.
Suburban Legal Group PC – Client Review
Schaumburg IL, 60173
I just wanted to say THANK YOU again for all of your help. Your professionalism and kind, reassuring demeanor really helped to turn what was a very difficult and upsetting situation (the bankruptcy) into something that was relatively painless (all things considered). That’s not to forget your extensive knowledge of the bankruptcy laws and process! All of your efforts were (are) greatly appreciated!
If I know anyone in need of legal services, within your area of expertise, I will definitely send them your way!
Take care and thank you again!!!
Liquidation and a discharge can take care of money owed on:
- Credit cards
- Medical bills
- Personal unsecured loans
- Many other types of unsecured debt
A Chapter 7 attorney can sit down with you and explain which of your monthly obligations would be covered by this type of bankruptcy filing.
Some Debts Are Exempt From Chapter 7 Bankruptcy: “Non-dischargeable debts” are excluded, which include child support, student loans and most types of tax related debt.
Secured vs. Unsecured Debt: You will not automatically discharge liens such as your mortgage in Chapter 7 Bankruptcy. If you want to continue to own your home or car, you will need to continue making payments.
Chapter 7 Bankruptcy Timetable: The process typically takes about 3-4 months from the time your Chapter 7 attorney files the bankruptcy on your behalf.
Reasonable Fees for Chapter 7 Bankruptcy Filing in Schaumburg
The Chapter 7 bankruptcy lawyers at Suburban Legal Group PC are sensitive to the difficult time you may be facing and we take pride in providing legal services with compassion and professional integrity.
If you are struggling financially, let us help you determine what your options are and create a road map to help you get out of debt. Request a Free Chapter 7 Consultation Today.