Bankruptcy Relief for Beverly Residents. Beverly is known for strong families and a tight-knit community—but even here, debt can take a toll. Whether due to medical bills, loss of income, or credit card overload, bankruptcy might be the relief you need.

Leeders Law has served South Side families for over 20 years. Chapter 7 can wipe out debt entirely. Chapter 13 can help you catch up on mortgage payments and keep your home.

We make the process simple, respectful, and affordable—because we believe in helping neighbors.

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Are you facing financial distress and considering bankruptcy in Beverly, Chicago? It’s a significant decision, and choosing the right legal team can make all the difference. Leeders Law is your trusted partner in this journey to financial recovery. Here are five compelling reasons to hire us for your bankruptcy needs:

1. Experience in Bankruptcy Law

At Leeders Law, bankruptcy is our specialty. Our experienced team of attorneys is well-versed in the intricacies of bankruptcy law, with a proven track record of helping countless individuals and families regain their financial stability.

2. Local Knowledge and Presence

We have a strong local presence in Beverly, Chicago. Our attorneys are intimately familiar with the local courts, judges, and the unique procedures specific to the area. This local knowledge ensures a smooth and efficient bankruptcy process.

3. Personalized Solutions

We understand that every financial situation is unique. Leeders Law provides personalized solutions tailored to your specific needs and goals, ensuring the best outcome for your bankruptcy case.

4. Compassionate and Empathetic Approach

We know that financial challenges can be emotionally taxing. Leeders Law approaches every case with compassion and empathy, offering emotional support in addition to expert legal guidance.

5. Transparent and Honest Service

We are committed to providing transparent and honest services. With Leeders Law, you’ll have a clear understanding of fees, the bankruptcy process, and the potential outcomes of your case. No surprises, just straightforward guidance.

Use Leeders Law for Bankruptcy in Beverly

Are you ready to take control of your financial future and embark on the path to financial recovery? Leeders Law is here to guide you every step of the way. Contact us today to schedule a free consultation and take the first step toward a debt-free, stress-free future. Use Leeders Law for Bankruptcy in Beverly, Chicago.

The post 5 Compelling Reasons to Choose Leeders Law for Bankruptcy in Beverly appeared first on Chicago Bankruptcy Lawyer.

1. Experience in Bankruptcy Law

At Leeders Law, we focus on bankruptcy law. Our team has a deep understanding of the complexities of Chapter 7 and Chapter 13 bankruptcy, and we have successfully guided numerous clients through the process.

2. Local Knowledge and Experience

We have a strong local presence in Andersonville, Chicago. Our attorneys are familiar with the local courts, judges, and the specific bankruptcy procedures that apply in your area, ensuring your case proceeds smoothly.

3. Personalized Solutions

We recognize that each financial situation is unique. Leeders Law provides personalized solutions tailored to your specific needs, ensuring the best outcome for your case.

4. Compassionate and Empathetic Approach

We understand the emotional toll financial difficulties can take. Our team approaches every case with empathy and compassion, offering emotional support as well as legal guidance.

5. Transparent and Honest Service

We are committed to providing transparent and honest services. You’ll have a clear understanding of fees, the bankruptcy process, and the potential outcomes of your case.

6. Effective Communication

Clear and open communication is a cornerstone of our practice. We ensure you’re informed every step of the way, empowering you to make informed decisions about your financial future.

7. Negotiation Skills

Leeders Law excels in negotiations with creditors, helping you find favorable solutions to reduce the burden of your debts.

8. Proven Track Record

Our history of successful bankruptcy cases speaks to our competence and dedication. Read our client reviews and testimonials to see the positive impact we’ve had on the lives of individuals and families in Andersonville.

9. Accessibility and Responsiveness

We are accessible and responsive to your inquiries and concerns. Your case is our priority, and we’re here to address your questions promptly.

10. Post-Bankruptcy Guidance

Our commitment doesn’t end with your debt discharge. We provide guidance on rebuilding your credit and managing your finances after bankruptcy, helping you regain financial stability.

At Leeders Law, we believe in a brighter financial future for our clients. If you’re ready to take control of your finances and embark on a journey to financial recovery, contact us today to schedule a free consultation for your Bankruptcy Case in Andersonville. Let us be your advocate and guide you toward a debt-free, stress-free future in Andersonville, Chicago, IL.

The post Choose Leeders Law for Your Bankruptcy Case in Andersonville, Chicago, IL appeared first on Chicago Bankruptcy Lawyer.

No matter where you live, we can help represent you for a chapter 7 bankruptcy or chapter 13 bankruptcy.   Contract us today to schedule a free bankruptcy evaluation to see if bankruptcy is right for you.   We have convenient office locations and also offer phone and video consults as well.

Andersonville

Archer Heights

Ashburn

Ashburn Estates

Austin

Avondale

Back of the Yards

Belmont Central

Beverly

Beverly Woods

Brainerd

Bridgeport

Brighton Park

Bronzeville

Bucktown

Burnside

Calumet Heights

Canaryville

Clearing

Chatham

Chinatown

Cottage Grove Heights

Cragin

Dunning

East Chicago

Edison Park

Edgebrook

Edgewater

Englewood

Ford City

Gage Park

Galewood

Garfield Park

Garfield Ridge

Gold Coast

Grand Crossing

Gresham

Hamilton Park

Humboldt Park

Hyde Park

Jefferson Park

Kelvyn Park

Kenwood

Kilbourn Park

Lake Meadows

Lakeview

Lawndale

Lincoln Park

Lincoln Square

Little Village

Logan Square

Longwood Manor

Loop

Marquette Park

McKinley Park

Midway

Morgan Park

Montclare

Mount Greenwood

North Center

Norwood Park

O’Hare

Old Irving Park

Old Town

Park Manor

Pilsen

Princeton Park

Portage Park

Pullman

Ravenswood

Riverdale

River North

River West

Rogers Park

Roscoe Village

Roseland

Sauganash

Schorsch Village

Scottsdale

South Chicago

South Deering

South Loop

South Shore

Streeterville

Tri-Taylor

Ukrainian Village

United Center

Uptown

Vittum Park

Washington Heights

West Elsdon

West Loop

West Pullman

Westlawn

Wicker Park

Woodlawn

Wrigleyville

Wrightwood

Leeders Law – Bankruptcy Attorney in Chicago – we can help! Contact for a free legal evaluation.  Office, phone and video consultations available.

The post Bankruptcy Attorney in Chicago – Serving all 77 Neighborhoods appeared first on Chicago Bankruptcy Lawyer.

There are both pros and cons to reaffirming a debt. Some of the pros include:

• You will keep the asset that is collateral for the debt. For example, if you reaffirm your car loan, you will keep your car.
• You may be able to negotiate more favorable terms for the debt. For example, you may be able to get a lower interest rate or a longer repayment term.
• Reaffirming a debt can help you rebuild your credit after bankruptcy. Timely payments will be reported on your credit report.

Some of the cons of reaffirming a debt include:

• You will be liable for the full amount of the debt, even if the value of the asset that is collateral for the debt has decreased. For example, if you reaffirm your car loan and the value of your car has decreased, you will still be liable for the full amount of the loan, even if you cannot sell your car for enough money to cover the loan.
• You may lose the asset that is collateral for the debt if you cannot make the payments. For example, if you reaffirm your car loan and you cannot make the payments, the lender may repossess your car.
• Reaffirming a debt can make it more difficult to get approved for new loans in the future.
• Even if the lender allows you to keep paying on the debt after bankruptcy, your payments will not be reported on your credit report, since the debt was discharged in the case.

Overall, whether or not to reaffirm a debt is a decision that should be made on a case-by-case basis. Generally, you would only reaffirm a secured debt, such as a car or a home. Absent very unique circumstances, it is generally not permissible to reaffirm an unsecured debt. You should carefully consider the pros and cons of reaffirming a debt before making a decision. Keep in mind, reaffirmation agreements are only available in Chapter 7 bankruptcy cases. Also, there is a limited time to change your mind, called a rescission, so talk to your lawyer if you have changed your mind.

Can you reaffirm a debt after discharge? Not in the Northern District of Illinois. Don’t let a creditor tell you that you need to reopen your case and file a reaffirmation. It can’t be done.

Finally, in the Northern District of Illinois, the court must approve a reaffirmation. They want to see that it is reasonable, necessary, and affordable. Always, talk to your lawyer for specific advice about a reaffirmation.

The post Should I reaffirm a debt in bankruptcy? Warning! appeared first on Chicago Bankruptcy Lawyer.

SCHEDULES

A debtor fills out the bankruptcy paperwork and forms when filing a bankruptcy case.  These forms are the Bankruptcy Schedules.   Bankruptcy schedules list all of the assets a debtor owns.  These schedules also list all of the debts that the filer has.  Also, they list down the monthly income and monthly expenses of the debtor too.   Today, however, we will talk about -Assets.

Assets are the things that a bankruptcy debtor owns, such as real estate, vehicles, furniture, jewelry and such.  It also includes items like cash, bank accounts, retirement plans, life insurance and others, such as a workers compensation claim, or a personal injury case.

A debtor lists (or schedules) these belongings on Schedule A and Schedule B of the bankruptcy petition.    Schedule A is where the debtor lists the real estate and property they own.   Things scheduled on Bankruptcy Petition Schedule A are: homes, vacant land, timeshares, mobile homes and the like.   Schedule B contains everything else owned by the debtor.    These assets would include a debtor’s car, bank account, cash, household goods, electronics, furniture, interests in businesses, animals, jewelry, insurance policies, retirement plans, investments, inheritances, claims against third parties.   Assets that also must be listed are sporting equipment, clothing, savings bonds, luxury items like boats, planes, collectibles, antiques, tax refunds, money owed to the debtor, and any other possible thing that you own, or is owed to you.   The list above is not exhaustive.

UNLISTED ITEMS

Many debtors I speak to ask me questions about what they need to list on their schedules of assets.   In short, I tell them to list everything.   Often, debtors ‘forget’ about assets that are not tangible.  For example, when a loved one dies a debtor may inherit their home.   A debtor says “this house isn’t mine” when they have not transferred title yet.    A debtor lists this home on schedule A.   Unpaid personal loans also fit this bill.   Just because they haven’t paid you back yet, doesn’t mean you don’t have the right to that money, now or sometime in the future.  The loan belongs on Schedule B.

EXEMPTIONS

Debtor’s also often want to avoid listing stuff that they ‘don’t want to lose.’  This is completely understandable.  Good news, though.  Bankruptcy attorneys can protect (or exempt) the stuff that you have.   Schedule C is where the bankruptcy lawyer will list down these exemptions and protections for your assets, granted either by the state (here are the Illinois Bankruptcy exemptions), or by the bankruptcy code, depending on where you live, and how long you have lived there.   These are often broad, and vary by state to state.  I’ll talk more about bankruptcy exemptions at a later date.

Assets that are exempt, are not part of the the bankruptcy estate, and aren’t sold by the bankruptcy trustee.  Only unexempted assets are available to the bankruptcy trustee.  The trustee’s job is to determine if there is enough value in the unexempt belongings to make a beneficial payout to the creditors of the debtor in bankruptcy.  The US Bankruptcy Code requires a debtor to schedule all assets, regardless if they are exempt or not.

BANKRUPTCY TRUSTEE

The good news for bankruptcy filers is that chapter 7 bankruptcy trustees liquidate very few belongings.  However, when a trustee finds assets that have not on schedule A or B, the trustee can liquidates them.    If you have assets, tell your lawyer.  Your lawyer can usually protect them.  The goal for a chapter 7 case is for the bankruptcy trustee to file a ‘No-Asset Report.’

A good bankruptcy attorney would recommend chapter 13 if they see a debtor has assets that are worth more than can be exempted, and would review that process with the bankruptcy client if they wish to protect the assets while getting debt relief.    This is why it is important to tell your bankruptcy lawyer about all of the assets you have.  Their are protections for most, and it’s better to know sooner than later, especially since filing false documents in bankruptcy is a crime, and a debtor could be denied a bankruptcy discharge, or worse, be charged with a crime subject to fines and jail time if convicted!

The post Bankruptcy – A is for Assets appeared first on Chicago Bankruptcy Lawyer.

Orland Park
15255 S 94th Avenue, 5th Floor
Orland Park, IL 60462

We are located in the Chicago suburbs, about 25 miles from Downtown Chicago in the I-80 corridor.
We are easily accessible from I-55, I-294, I-80, I-57, and I-355.   Our building is the tallest in the south suburbs, so it is easy to find!

Office hours are by appointment.   Feel free to call me for a free mini phone consult regarding bankruptcy at 312-346-7400.

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Hyde Park, Chicago
5113 S Harper, Suite 2C, Chicago, IL 60615

Located on Chicago’s South Side, Hyde Park is one of the city’s most diverse and unique neighborhoods.   Home to the University of Chicago, and just a short walk from the gorgeous Lake Michigan lakefront.

We are located just off of Lake Shore Drive, our office is close to the Metra Station and not far from the Green Line, so if you don’t want to come into the Loop for your free bankruptcy consultation, Hyde Park is a perfect location to meet with me.

Office hours are by appointment.   Feel free to call me for a free mini phone consult for bankruptcy at 312-346-7400.
Schedule a free consultation with a bankruptcy lawyer at our Hyde Park Office or any of our other locations, today.

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