Most individuals who file a bankruptcy case, file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. A Chapter 7 bankruptcy is a liquidation. In a Chapter 7 bankruptcy, a debtor can eliminate most unsecured debt and keep property that is valued within the amount of the exemptions allowed in Illinois. Illinois law contains exemptions for different types of property, which a debtor has a right to keep. There are certain advantages and disadvantages to both types of bankruptcy chapters. Some people will not be able to file a Chapter 7 if their income is too high.
(Call 1 – 847 – 383 – 5647 for an appointment)
Bankruptcy lawyer Diane Brazen Gordon has an office in Lincolnshire, Illinois, and provides compassionate guidance and over twenty years of legal experience to people contemplating bankruptcy. She also provides consultation and representation to individuals when a former spouse files bankruptcy. Appointments also available in Skokie upon request. She can be reached at (847) 383-5647.