Schaumburg Business and Family Lawyers Kelley Kelley & Kelley Heritage Bank Building 1535 West Schaumburg Road, Suite 204 Schaumburg, IL 60194
Latitude: 42 deg 441 min 32.3 sec N Longitude: 88 deg 7 min 22.9 dec W
(847) 895-9151

Personal and Business Debt-Relief Law Firm in Illinois

 

Bankruptcy | Debtors' Rights | Foreclosure

 

 

Chapter 7 (Consumer) Bankruptcy | Chapter 11 (Business and Corporate Restructuring) Bankruptcy | Workouts

If you or your business is experiencing financial difficulties, the law firm of Kelley, Kelley & Kelley can assist you in finding the debt relief that you need to get back on solid financial footing.

Established in 1959 in Schaumburg, our law firm has extensive experience in the timely, resourceful and effective handling of Chapter 7 bankruptcy and Chapter 11 bankruptcy for individual and business clients throughout Schaumburg and the surrounding northwest suburbs.

The Path Back to Financial Solvency |

Schaumburg Offices: (847) 895-9151 | Contact Us Online

Chapter 11 Bankruptcy — Restructuring and Restoring

Speaking with an experienced business and corporate restructuring lawyer when your business or corporation is starting to experience financial difficulties rather than waiting until the business is overwhelmed by debt may ultimately help avoid bankruptcy. Creditors may be more willing to negotiate with an attorney earlier rather than later; many business clients have been able to avoid bankruptcy altogether upon our negotiating work outs with creditors.

If Chapter 11 bankruptcy is the only way to save your business, our lawyers are fully prepared to swiftly and thoroughly guide you through this complicated process. Our firm has handled financial matters for small neighborhood businesses as well as for multi-million dollar corporations. We have a broad and deep understanding of the kinds of tools to employ on your behalf in a restructuring so that you can restore your profitability.

Chapter 7 Bankruptcy — Debt Relief for Consumers

Chapter 7 bankruptcy can be helpful to people suffering under debt burdens. Chapter 7 bankruptcy allows for a person to discharge much of their unsecured debt, with certain exceptions. In most Chapter 7 bankruptcies, our clients have been able to keep most of their belongings, including their homes, so long as they have reaffirmed their debt.

In a Chapter 7 bankruptcy, debt related to credit cards, medical bills and other unsecured debt is discharged, or wiped out. This means you never have to pay it back.

Foreclosure and Repossession Actions Must Stop in Bankruptcy

In both a Chapter 7 and a Chapter 11, all foreclosure, repossession and creditor actions against you must stop. Everything is frozen in place while the bankruptcy legal matter is in process. Our lawyers may be able to assist you in reaffirming your debt or seeking to sell your home, depending on which avenue puts you in the best financial position.

Debtors' Rights

The Fair Debt Collection Act does not allow creditors to harass you, threaten you, call your neighbors or your loved ones or perform other unlawful acts to seek payment. We protect clients' rights against unlawful creditor acts.

Contact the Firm

Call our Schaumburg offices at (847) 895-9151 or contact our firm online.