Chapter 7 Bankruptcy Lawyer in Chicago, IL

Chapter 7 Bankruptcy Overview

Is Chapter 7 Bankruptcy Right for You?

If you are among the tens of millions of Americans who are struggling financially, you may have already asked yourself this question more than once. If you haven’t considered bankruptcy but are falling further behind on your bills each month no matter how hard you work not to, it may be time to consider doing something different.

My name is Julianne M. O’Grady. I am an attorney, and I am also the founder of the Law Office of O’Grady & Associates, P.C. Bankruptcy is a large part of my practice, and over the course of my career, I have had the opportunity to help many people in the Chicago area make informed choices about bankruptcy and obtain meaningful debt relief.

I help my clients by taking the time to listen, by answering questions, by explaining legal issues and by exploring different debt relief options with each of them. When appropriate, I also help my clients to navigate the complex and often-confusing process referred to as bankruptcy. I am able to provide clients with this kind of close personal attention because I maintain a smaller practice that does not require me to handle a high volume of cases.

Chapter 7 Bankruptcy Facts

The bankruptcy reforms that took effect in October of 2005 succeeded in creating more confusion about this area of the law among consumers. With that in mind, here are a few facts to know about Chapter 7 bankruptcy:

• Most consumers who would have qualified under the pre-October 2005 laws would still qualify today.
• A Chapter 7 bankruptcy can eliminate most types of unsecured debts, including most credit card debts, but there are certain exceptions.
• You can keep your home and car, provided you follow certain steps, and you are current on payments or can make up any late or missing payments.
• You can file for Chapter 7 bankruptcy protection if you have not received a Chapter 7 discharge in the last eight years or a Chapter 13 discharge in the last six.
• You do not have to be U.S. citizen to file bankruptcy if you have a Social Security card, a taxpayer ID, or you own property in the United States.

Free Phone Consultations

Chicago Area: 312-445-9127
Illinois Toll Free: 888-886-1015

Get the information you need to decide whether Chapter 7 bankruptcy is the right choice for you and your family today. There’s no risk or obligation. The consultation is free. Just call either of the two numbers listed above or complete a brief e-mail contact form and I will get in touch with you shortly.

Areas of Practice

• Bankruptcy
• Chapter 7 Bankruptcy