McHenry County Bankruptcy Attorneys at O'Flaherty Law

Top 3 Qualities to Look for in Your Attorney

Your attorney should not speak in legalese.

Finding an attorney who doesn't use complex legal jargon and is a “real person” can be difficult. You should be able to connect with your attorney on a personal level, and they should speak to you in plain language that you can understand.

Your attorney should be accessible.

You deserve a responsive legal team that communicates regularly and promptly returns your calls. Although legal matters can take time, you should feel confident in the progress of your case.

Your attorney should be realistic about costs and outcomes.

You want a favorable outcome as efficiently as possible. It is essential that your attorney set realistic expectations about the costs you should expect, concerns that the attorney has about the outcome of your case, and the length of time that you should expect your case to take.

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.

McHenry County Bankruptcy Attorneys

Contact Us

Please contact our friendly McHenry County Bankruptcy Attorneys at our nearest location to schedule a consultation.

O'Flaherty Law of Lake in the Hills

8411 Pyott Rd., Ste. 107

Lake in the Hills, IL 60156

(847) 231-2102

info@oflaherty-law.com

Meet the Owner

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!

- Attorney Kevin O'Flaherty, Owner

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

The Chapter 7 Bankruptcy Process Explained

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.

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

In this video episode of Learn About Law, McHenry County bankruptcy attorney Kevin O'Flaherty explains the Chapter 13 bankruptcy process.

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

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.

McHenry County Bankruptcy Attorney | Bankruptcy Lawyers, McHenry County IL

Top 3 Qualities to Look for in Your Attorney

Your attorney should not speak in legalese.

Your attorney should be accessible.

Your attorney should be realistic about costs and outcomes.

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