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Downers Grove Bankruptcy Attorneys | Bankruptcy Lawyers, Downers Grove IL

Downers Grove Bankruptcy Attorneys | Bankruptcy Lawyers, Downers Grove IL

Despite our affordable rates, O'Flaherty Law is not a bankruptcy mill. Our friendly Downers Grove bankruptcy attorneys provide individualized service to each of our bankruptcy clients, taking the time to explain all of your options and promptly answer any questions you may have along the way. Because we have experienced attorneys in other areas of law on staff, our Downers Grove bankruptcy attorneys are able to explore all of your options, and give you holistic, comprehensive service. Our deep involvement in the community has provided us with a wide network of professionals and resources who will take a team-based approach to helping you make the most of your fresh start!

Downers Grove Bankruptcy Attorneys

provide excellent service in the following areas of law:

Why O'Flaherty Law for My

Bankruptcy & Debt Resolution

Matter?

In this video, our Downers Grove bankruptcy attorney explains why O'Flaherty Law is the right choice for your bankruptcy matter.

Serving Illinois, Iowa, & Indiana:


We serve Iowa in Scott County and the Quad cities with our location in Davenport.

With Locations in:

Schedule a Free Consultation With Our

Downers Grove Bankruptcy Attorneys

debt resolution lawyer downers grove illinois

What to Expect From a Consultation

The purpose of a free 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. Although most consultations are complimentary, some may carry a charge depending on the type of matter and meeting location.

Please contact our friendly

Downers Grove Bankruptcy Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Downers Grove

5002 Main St, Ste. 201
Downers Grove
,
IL
60515
Get Directions

See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.  ​​​

Hours:
9 am - 5 pm Mon - Friday
After 5 pm by Appointment
11 am - 3pm Saturday & 11 am - 2 pm Sunday by Appointment

O'Flaherty Law, Illinois attorneys, Iowa attorneys

Meet Our Owner

Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.

Click here for Videos, Podcasts, and Articles by our Downers Grove Bankruptcy Attorneys

chapter 13 bankruptcy attorney downers grove illinois

Or Continue Scrolling Below to Browse some of our Most Helpful Articles

downers grove bankruptcy lawyer

Bankruptcy FAQ

Bankruptcy FAQ: In this article, our Illinois bankruptcy attorneys answer questions that are frequently asked about bankruptcy. Bankruptcy is a legal process designed to help individuals and corporations liquidate or restructure their debts. Most consumers will file either a Chapter 7 or Chapter 13 bankruptcy. The other types are generally for corporations, farms, and even governmental entities.

Read More

​In this Learn About Law podcast & videoblog, Downers Grove bankruptcy attorney Kevin O'Flaherty discusses the Chapter 7 Bankruptcy process in Illinois.

Immigrant and Non-Immigrant Visa Petitions

In this article, we will discuss immigrant and non-Immigrant visa petitions and answer the following questions: what is an immigrant visa?, what are the various categories of immigrant visas?, what is a non-immigrant visa?, and what are the most common non-immigrant visa categories?


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In this video, Downers Grove Bankruptcy lawyer Kevin O'Flaherty talks about some of the advantages of both Chapter 7 and Chapter 13 bankruptcy and how they can apply to your specific needs.

How long does a non immigrant visa take to process?

Immigrant and Non-Immigrant Visa Petitions

In this article, we will discuss immigrant and non-Immigrant visa petitions and answer the following questions: what is an immigrant visa?, what are the various categories of immigrant visas?, what is a non-immigrant visa?, and what are the most common non-immigrant visa categories?


Read More

In this video, Downers Grove bankruptcy attorney Kevin O'Flaherty explains the Chapter 13 bankruptcy process.

Personal Bankruptcy: Chapter 7 and 13

Downers Grove Bankruptcy and Debt Resolution Attorney

If you are an individual filing for bankruptcy, you (or you and your spouse) have two options. You can choose to liquidate your assets to eliminate all of your debt through Chapter 7 of the Bankruptcy Code, or you can retain some of your debt and pay it off in a consolidated repayment plan under Chapter 13 of the Bankruptcy Code.Under Chapter 7 Bankruptcy, you will turn over all property that is considered non-exempt to the bankruptcy trustee who then liquidates the property to pay off creditors. Within roughly three to five months after filing for bankruptcy, you will receive a discharge of all dischargeable debts. Non-dischargeable debts, debts that will not be eliminated by bankruptcy, include taxes, student loans, child support and alimony, and a few other kinds of debts.Under Chapter 13 Bankruptcy, the trustee will assist in creating a plan by which you can pay off your debts over a period of three to five years. This is usually a great option for individuals who have non-exempt property that they want to keep, but also have a consistent income in order to continue to pay the debt.

Business Bankruptcy: Chapter 11

If your business is struggling, we can work with you to restructure your company’s debt through settlement with creditors, to properly dissolve and reorganize so as to avoid personal liability, or to liquidate or restructure your debt through bankruptcy. Businesses can file for Chapter 7 Bankruptcy or under Chapter 11.A business can also file bankruptcy under Chapter 7 to liquidate all of its assets. The process is virtually the same as it is for an individual filing under Chapter 7.Under Chapter 11 Bankruptcy, businesses are allowed to continue operating giving their owners a chance to pull out of the debt. This also gives the businesses’ creditors a chance to recover potentially more than they would receive than if the business was liquidated in a Chapter 7 Bankruptcy.Should you be considering any of these options for yourself or your business, the bankruptcy attorneys of O’Flaherty Law can help you navigate the complex collection and bankruptcy process to give yourself the fresh start you have been looking for. 

Further Reading from our

Downers Grove Bankruptcy Attorneys