(Call 1 – 847 – 363 – 5647 for an appointment)
Most individuals who file a bankruptcy case, file a Chapter 7 or a Chapter 13. A Chapter 7 is a liquidation. In a Chapter 7, 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.
Bankruptcy lawyer Diane Brazen Gordon has an office in Bannockburn, Illinois, and provides compassionate guidance and over twenty years of legal experience to people contemplating bankruptcy. She can be reached at (847) 383-5647.