Chapter 7 Bankruptcy Lawyers in Scott County

Chapter 7 Bankruptcy Lawyers in Scott County

If you need a way out from under your debt, our Scott County chapter 7 bankruptcy attorneys will educate you on your options and provide you with a cost-effective fresh start. We are proud of our affordable rates and above-and-beyond personalized service.

Our

Scott County Chapter 7 Bankruptcy Attorneys

Provide Excellent Service in:

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Take the Next Step: Schedule a Free Consultation With Our

Scott County Chapter 7 Bankruptcy Attorneys

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

Scott County Chapter 7 Bankruptcy Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Davenport

201 W. 2nd Street Ste. 400A
IL
52801
Scott County
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.  ​​​

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

Some of Our Accomplishments

Naperville attorney
DuPage County Probate Attorney
Learn More About Our Firm
chapter 7 lawyer Scott County

Scott County Chapter 7 Bankruptcy Attorneys

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.

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Scott County Chapter 7 Bankruptcy Attorneys

Chapter 7 Bankruptcy Lawyers in Scott County

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The Chapter 7 Bankruptcy Process Explained

Our Scott County bankruptcy attorneys discuss the steps required to prepare your bankruptcy petition.  Before filing, you are required to complete an online credit counseling course. These are usually relatively short and the expense is nominal.

Our Scott County Bankruptcy and debt resolution attorneys will work with you to help you provide us with information regarding your assets, liabilities, income and expenses. After a meeting with the creditors, your case will be heard in the appropriate court where your bankruptcy will then be discharged.

Read the full article by our Scott County bankruptcy attorneys regarding preparation for bankruptcy.  

What Can You Keep After a Bankruptcy in Scott County?

Keeping your home or vehicle often depends on how much equity you have in each piece asset.  For example, the equity in a property is determined by the most current resale value minus the principle balance of any loans secured by the property. 

If you do file for the bankruptcy, the trustee will seek collection of your assets to fulfill your debts.  The Bankruptcy Code and laws in Scott County states that a portion of equity in particular types of property can be exempt from collection.  These exceptions on the property you decide to keep in order to avoid the trustee collecting them on your behalf.  For example:

  • You are allowed to keep $2,400.00 of equity in your vehicles ($4,800.00 for a married couple filing jointly)
  • You are allowed to keep $15,000.00 of equity in your primary residence ($30,000.00 for a married couple filing jointly); 
  • There is a $4,000.00 wildcard exemption that you can apply to any property of your choice ($8,000.00 for a married couple). 

Read an article from our Scott County bankruptcy attorneys about keeping your property during Scott County bankruptcy proceedings.

Scott County chapter 7 bankruptcy lawyer Kevin O'Flaherty discusses the chapter 7 bankruptcy process in this Learn About Law episode.

In this video, we explain when it makes sense to file a Chapter 13 bankruptcy rather than a Chapter 7 bankruptcy.

Further Reading From Our 

Scott County Chapter 7 Bankruptcy Attorneys

chapter 7 bankruptcy attorney Scott County
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