Hiring chapter 7 bankruptcy lawyer in Chicago provides you with legal assistance through the liquidation process. This option is offered to business owners with large amounts of debt which hinder the operations of their company. Through this form of bankruptcy you will sell key properties and assets to generate funds to pay off these debts. A judge assigns a trustee to handle these affairs and enforce the stipulations of the bankruptcy claim. To hire an attorney to assist you with a bankruptcy claim, contact LakeLaw today.
Is Liquidation Right for You?
To determine whether liquidation is the most effective and beneficial choice for your company, you should consult an attorney. Your attorney provides you with information that will assist you in determining if this is the right course of action for your company. A liquidation may prevent you from operating your business until the bankruptcy claim is discharged. This is to ensure that all creditors are paid through the sale of property and assets. You are also required to refrain from attempting to make any purchases on credit during the bankruptcy case.
Local Attorneys
LakeLaw presents you with legal representation throughout your bankruptcy claim. The attorneys within this firm provide you with advice and enable you to make a well-informed decision in these matters. The attorney provides you with clarity so that you comprehend exactly what is expected of you within this process. Your attorney can assist you in protecting properties through exclusion which will allow you to maintain ownership. To file a Chapter 7 bankruptcy claim, contact LakeLaw today and schedule a consultation or visit their website
Summary
Your chapter 7 bankruptcy lawyer in Chicago provides you with effective techniques to eliminate debt. An attorney in this law field provides you with assistance and moderates this process to protect your interests. These claims may allow you to continue to operate a portion of your business while you are eliminating these debts. However, the stipulations of the bankruptcy case as directed by the judge will make this determination. If you are ready to file a claim today, contact LakeLaw immediately.
