Practice Areas

Bankruptcy Chapter 7

At Juergensmeyer & Associates, we understand that people filing for Chapter 7 bankruptcy are doing so as a last resort. Most people have been struggling to meet their monthly expenses for years and years. We also know that a majority of people are forced into Chapter 7 bankruptcy due to a job loss, an unexpected medical expense, a divorce, or a combination of these factors.

The greatest relief many people who file for Chapter 7 bankruptcy feel comes from the cessation of harassing phone calls, foreclosure actions, lawsuits, repossessions, and garnishments. Once our attorneys file a bankruptcy petition, all these actions must stop.

Once the petition is filed, we sit down with our clients and determine which of their assets are exempt and which will be liquidated to pay off creditors. Generally, our clients who file for Chapter 7 bankruptcy are able to keep their house, car, and a majority of their personal possessions. Some people believe that Chapter 7 is a legal form of credit card debt relief. However, this is not always the case. Our experienced bankruptcy attorneys can explain how a trustee may view purchases close to filing bankruptcy, and how it my affect your petition.

In addition to personal bankruptcies, our Chicago bankruptcy attorneys handle Chapter 7 business bankruptcies for small corporations where an individual is responsible for the debt of the company.

Our Chapter 7 bankruptcy lawyers represent clients throughout the Chicago metropolitan area including Kane County, Cook County, and the cities of Elgin and South Elgin, Hampshire, Carpentersville, Bartlett, Streamwood, Algonquin, Huntley, Dundee, and Crystal Lake.

If you need an experienced bankruptcy attorney, please contact Juergensmeyer & Associates. We are committed to securing the financial future of your family.