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McHenry County Bankruptcy Attorney | Bankruptcy Lawyers, McHenry County IL

McHenry County Bankruptcy Attorney | Bankruptcy Lawyers, McHenry County IL

Our McHenry County bankruptcy attorneys will take the time to educate you on all of your options, including Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, and dent negotiation. If bankruptcy is the right option for you, our affordable rates and above-and-beyond client service will give you the peace of mind you deserve.

Our McHenry County bankruptcy attorneys will take the time to educate you on all of your options, including Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, and dent negotiation. If bankruptcy is the right option for you, our affordable rates and above-and-beyond client service will give you the peace of mind you deserve.

Our Experienced McHenry County Bankruptcy Attorneys Handle Cases Including But Not Limited To:

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Your Community Law Firm

Why O'Flaherty Law for My

Bankruptcy

Matter?

In this video, McHenry County Bankruptcy attorney Kevin O'Flaherty describes why O'Flaherty Law is the best choice for your bankruptcy or debt resolution matter.

  • Get Counsel From Experienced Attorneys, Not Info-Tapes!  Our  McHenry County bankruptcy attorneys will work with you from beginning to end, and we understand you don't fit in a mold. We won't rely on info-tapes and will be your trusted advocates to fulfill our goal of developing relationships with our clients that last long after your bankruptcy case has ended.
  • We Understand Your Debt! We are proud of our affordable rates because we understand that considering bankruptcy means you are in a position where you're already financially strained, so you can have the peace of mind while your debt is being handled.
  • We Have The Resources!  Once we assist you in getting a fresh new start, you may need help from other professionals. We are proud to offer a a large network of resources of bankers, loan officers, financial advisers and local professionals to creative a comprehensive solution that suits your needs.

Some of Our Accomplishments

Schedule a Free Consultation With Our

McHenry County Bankruptcy Attorneys

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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

McHenry County Bankruptcy Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Lake in the Hills

8411 Pyott Road, Ste. 107
Lake in the Hills
,
IL
60156
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 - Fri

Our  Office Locations: 

Downers Grove Attorneys, Downers Grove Attorney, Downers Grove Lawyer, Downers Grove Lawyers

Downers Grove

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

Naperville Attorney, Naperville Attorneys, Naperville Lawyers, Naperville Lawyer

Naperville

105 Jackson Avenue, Ste. 4b Naperville, IL 60540

Elmhurst Lawyer, Elmhurst Lawyers, Elmhurst Attorneys, Elmhurst Attorney

Elmhurst

​110 E. Schiller Street, Ste. 220B ​Elmhurst, IL 60126

Lake in the Hills Attorneys, Lake in the Hills Attorney, Lake in the Hills Lawyer, Lake in the Hills Lawyers

Lake in the Hills

8411 Pyott Road, Ste. 107, ​Lake in the Hills, IL 60156

Tinley Park Attorney, Tinley Park Attorneys, Tinley Park Lawyer, Tinley Park Lawyers

Tinley Park

​16557 Oak Park Avenue, Ste. B, Tinley Park, IL 60477

St. Charles Attorneys, St. Charles Lawyers, St. Charles Attorney, St. Lawyer

St. Charles

210 S Fifth St, Ste. 107B, St. Charles, IL 60174

debt resolution lawyer mchenry county il

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.

Here's What Our Clients Have to Say:

John Paul Clancy
Says...

"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."

Kevin Sender
Says...

"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."

Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!

An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.

DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
John Paul Clancy
Says...
"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Kevin Sender
Says...
"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Mike Stehlik
Says...
"Kevin and his team are my "Go To" resource for clients that need estate planning"
Kevin Koc
Says...
Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!
Stephen Petersen
Says...
An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
Troy Golden
Says...
Kevin is an excellent attorney. He helped me incorporate by business and provides legal counsel as need. I highly recommend him.

Click here for Videos, Podcasts, and Articles by our McHenry County Bankruptcy Attorneys

chapter 13 bankruptcy attorney mchenry county illinois

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

How to Collect a Debt in Illinois

If you are a small business owner dealing with past due accounts receivable, or if you are having trouble paying your monthly bills and are receiving notices from creditors, you should acquaint yourself with the collection process.  This article will provide a summary of that process.  The narrative will be from the creditor’s perspective, but it will be equally helpful to debtors.

Bear in mind that each of the following steps tends to increase the pressure on the debtor to settle his debt.  Each successive step will only be required if the debtor is non-responsive to the previous steps.  In practice, it is usually unnecessary to take a collections case all the way through Step 7.

STEP 1:  Internal collections procedures:  Before you speak to a collections attorney, you should be sure to refine your own collection procedures.  Every business is different, but the following tips may help you increase your collections on your accounts receivable:

  • In your contracts with your customers, include an attorney-fee provision providing that if either party is required to take action to enforce the contract, the other party will be required to pay attorney fees and other expenses.
  • In your contracts with your customers, include a late fee provision, informing your customers that late fees will be charged on late invoices.
  • On the face of each invoice, you should explain your collection procedures.  Let your customers know in advance that if their invoice is x days past due they will be required to pay late fees, and that if it becomes days past due, the invoice will be sent to collections.
  • Follow up on past due invoices with letters explaining the consequences of continued failure to pay.

If you believe that it will not be possible to collect an account internally, you should hand the account to your attorney to begin a collection suit.

Read More
chapter 7 bankruptcy lawyer mchenry county il

If you are a small business owner dealing with past due accounts receivable, or if you are having trouble paying your monthly bills and are receiving notices from creditors, you should acquaint yourself with the collection process.  This article will provide a summary of that process.  The narrative will be from the creditor’s perspective, but it will be equally helpful to debtors.

Bear in mind that each of the following steps tends to increase the pressure on the debtor to settle his debt.  Each successive step will only be required if the debtor is non-responsive to the previous steps.  In practice, it is usually unnecessary to take a collections case all the way through Step 7.

STEP 1:  Internal collections procedures:  Before you speak to a collections attorney, you should be sure to refine your own collection procedures.  Every business is different, but the following tips may help you increase your collections on your accounts receivable:

  • In your contracts with your customers, include an attorney-fee provision providing that if either party is required to take action to enforce the contract, the other party will be required to pay attorney fees and other expenses.
  • In your contracts with your customers, include a late fee provision, informing your customers that late fees will be charged on late invoices.
  • On the face of each invoice, you should explain your collection procedures.  Let your customers know in advance that if their invoice is x days past due they will be required to pay late fees, and that if it becomes days past due, the invoice will be sent to collections.
  • Follow up on past due invoices with letters explaining the consequences of continued failure to pay.

If you believe that it will not be possible to collect an account internally, you should hand the account to your attorney to begin a collection suit.

Read More

The Chapter 7 Bankruptcy Process Explained

McHenry County Bankruptcy lawyer

McHenry County bankruptcy lawyer Kevin O'Flaherty explains the Chapter 7 Bankruptcy process.

McHenry County Bankruptcy lawyer

In this article, our McHenry County bankruptcy attorneys explain the Chapter 7 bankruptcy process. In a Chapter 7 bankruptcy, your debts are discharged, rather than being renegotiated. Chapter 7 bankruptcies are appropriate for people with more than $10,000.00 of dischargeable debt and less than $15,000.00 in equity in their homes ($30,000.00 for a married couple).

Read the full article by our McHenry County bankruptcy lawyers explaining Chapter 7 bankruptcy.

What is the Difference Between a Chapter 7 Bankruptcy and a Chapter 13 Bankruptcy?

In this article, our McHenry County bankruptcy lawyers explain the difference between Chapter 7 bankruptcies and Chapter 13 bankruptcies. In a Chapter 7 bankruptcy, your non-exempt assets are collected by the bankruptcy trustee to pay your creditors.  If you do not have enough non-exempt assets to pay your creditors, the unpaid debts will be completely discharged.

If you have assets of value significantly more than the amounts that are exempt from collection by the trustee, if you have too large of an income to qualify for Chapter 7 bankruptcy, or if you have already received a Chapter 7 discharge in the past 8 years, a Chapter 13 bankruptcy, in which debts are renegotiated and paid over the course of 3 to 5 years, may be the best option for you.

Read the full article by our McHenry County bankruptcy lawyers explaining the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy in McHenry County.

McHenry County bankruptcy attorney Kevin O'Flaherty explains the difference between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy.

bankruptcy attorney mchenry county illinois

In this article, our McHenry County bankruptcy lawyers explain the difference between Chapter 7 bankruptcies and Chapter 13 bankruptcies. In a Chapter 7 bankruptcy, your non-exempt assets are collected by the bankruptcy trustee to pay your creditors.  If you do not have enough non-exempt assets to pay your creditors, the unpaid debts will be completely discharged.

If you have assets of value significantly more than the amounts that are exempt from collection by the trustee, if you have too large of an income to qualify for Chapter 7 bankruptcy, or if you have already received a Chapter 7 discharge in the past 8 years, a Chapter 13 bankruptcy, in which debts are renegotiated and paid over the course of 3 to 5 years, may be the best option for you.

Read the full article by our McHenry County bankruptcy lawyers explaining the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy in McHenry County.

What Happens at a Meeting of Creditors During a McHenry County Chapter 7 Bankruptcy

McHenry County Bankruptcy lawyer
bankruptcy lawyer mchenry county il

In this article, our McHenry County bankruptcy attorneys explain what happens at a meeting of creditors in a Chapter 7 bankruptcy. After your bankruptcy petition and accompanying schedules showing your assets, liabilities, income, and expenses has been filed with the bankruptcy court, the next step is the First Meeting of Creditors. This is usually brief and painless, and creditors rarely show up. Typically the bankruptcy trustee will interview you for 5 to 10 minutes to ensure that bankruptcy is in your best interests and that no fraud is occurring.

Read the full article by our McHenry County bankrupty lawyers explaining the first meeting of creditors in McHenry County Chapter 7 bankruptcies.

Our McHenry County Bankruptcy Lawyers are Happy To Meet With You in Algonquin, Grafton, McHenry, Crystal Lake, Nunda, Lake in the Hills, Woodstock, Dorr, Huntly, Cary, Greenwood, or Any Other Location Convenient To You.

Further Reading from our

McHenry County Bankruptcy Attorneys