Consumer Bankruptcy Lawyers in Lake County, IllinoisWhen an individual debtor can no longer meet his or her financial obligations, he or she may seek protection through a bankruptcy proceeding in Lake County, Illinois.
When an individual files for bankruptcy, he or she will usually file for either Chapter 7 or Chapter 13 bankruptcy.
Under a Chapter 7 bankruptcy, the debtor's nonexempt assets are liquidated and his or her debts are paid off. Debts remaining after all nonexempt assets are liquidated are usually discharged.
Under a Chapter 13 bankruptcy, the debtor is put on a court-ordered payment plan. Contact a bankruptcy attorney for legal advice on filing a Chapter 7 or Chapter 13 bankruptcy.
Board Certification in Consumer Bankruptcy Law - The American Board of Certification (ABC) is accredited by the ABA to certify attorneys as specialists in consumer bankruptcy law.
NACBA serves the needs of consumer bankruptcy attorneys and works to protect the rights of consumer debtors.
Lawyer Referral Service in Lake County, IL - The Lake County Bar Association in Waukegan, IL, maintains an online Lawyer Referral Services that helps individuals and businesses find a qualified attorney throughout Lake County, Illinois. The service also benefits the members of the Lake County Bar Association by providing them with another potential referral source. Attorneys are screened for their good standing with the Illinois State Bar and experience in a particular practice area. The attorneys must also maintained malpractice insurance. The attorneys serve on different panels based on their area of concentration.
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