.svg){kind=small}
Kevin's firm handled setting up my will and trust recently. They took something that seemed intimidating and made it easy to understand. I've also referred a couple clients to Kevin - he's trustworthy, approachable and very fairly priced.
"I've used Kevin and his firm's services since 2011. He gave undivided attention to my cases, advised me on different options and..."
"Kevin was extremely professional, responsive and knowledgeable when I came to him for help. I would definitely recommend O'Flaherty Law!"
Choosing the right law firm can change everything. At O’Flaherty Law, we pride ourselves on transparency, responsiveness, and personalized care. See how we compare to the industry standard.
.avif)
.avif)
Learn how we service your area with our Remote Location Approach.
The purpose of a consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us.
Schedule a ConsultationLearn More About The Firm4949 Forest Ave., Ste. 1B
Downers Grove, IL 60515
.svg){kind=icon}
.svg){kind=icon}
I am personally committed to ensuring that each one of our clients receives the highest level of client service from our team. Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys. Many of our clients are going through difficult times in their lives when they reach out to us. They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates. We are here to help!
Whether you are an individual or a business, our Downers Grove bankruptcy lawyers can provide legal advice guide you through the bankruptcy process, as well as its alternatives, to give you a fresh start.
Oftentimes bankruptcy is the last in a long line of options that an individual or a business may wish to pursue to relieve its debt. At O’Flaherty Law, our experienced bankruptcy attorneys will sit down with you for an initial consultation to help determine what the right course of action is for you. If bankruptcy is your best option, we will help you file for bankruptcy relief under the Bankruptcy Code.
Our Downers Grove Bankruptcy team can help you or your business to renegotiate debt with your creditors or put an end to creditor harassment by discharging your debt and providing you with a clean slate.
When filing for bankruptcy, it's important to know the key differences between the two so you can determine which one would be best for you to file. In this article, our Downers Grove Chapter 7 bankruptcy lawyers explain when it makes sense to file a Chapter 13 instead of a Chapter 7 bankruptcy. Our attorneys discuss common questions about Chapter 7 and Chapter 13 bankruptcies, including:
(1) What is the difference between a Chapter 13 Bankruptcy and a Chapter 7 bankruptcy?
(2) When does it make sense to file a Chapter 13 bankruptcy rather than a Chapter 7 bankruptcy?
(3) What are the eligibility requirements for a Chapter 13 bankruptcy?
Should you decide bankruptcy is the best option for you, it is likely that you will be able to keep your home and vehicles while wiping out your debt. Certain property is exempt from collection by the bankruptcy trustee such as:
The bottom line is that if you have less equity in your home or vehicles than these exemption amounts, you will be able to keep them in the bankruptcy should you so choose. If you have slightly more equity than your exemption amounts, you will still likely be permitted to keep the property, because the trustee will typically not collect property if the trustees fees and other costs associated with collecting and liquidating the property would consume most of the proceeds of the sale and not leave a significant amount for creditors.
Learn more from our Downers Grove bankruptcy lawyers about keeping your property in bankruptcy.
.avif)
%20(1).avif)