Experienced Bankruptcy
Attorneys In IL

There’s no reason to suffer under the weight of ever-mounting debt alone. No matter how responsible and hard-working you are, there are some types of financial hardship that require expert advice to help lift the burden from your shoulders. Bach Law Offices, Inc. was founded to help the consumers and businesses of Northbrook, IL, find peace of mind through clean financial slates.

Our seasoned legal team specializes in bankruptcy law and litigation, consumer law, creditor harassment, and foreclosure defense. We have the right knowledge, experience, and skill set to advocate for our clients’ rights and set them on the path for a brighter financial future.

Bankruptcy for individuals is an effective way to give consumers a fresh start. Filing a bankruptcy petition with the court triggers an automatic stay, which means creditors must cease their collection efforts. No more harassing phone calls. No wage garnishments, no lawsuits, no foreclosures.

If you’re struggling with mounting debt, contact our trusted team at Bach Law Offices, Inc. to see if bankruptcy could be the right legal strategy for you. We have extensive experience handling both personal and business-related bankruptcy matters.

I Am Being Harassed By My Creditors, What Can I Do?

Debt is already stressful and nerve-wracking without creditors, claim agencies, and banks breathing down your neck. The best thing you can do to get a little breathing room is to hire a bankruptcy attorney.

We will act as a wall between you and your creditors, as every communication related to your debts will have to go through us instead. This gives you the space you need to begin considering real long-term solutions, which our attorneys can help guide you towards.

That may mean we work together towards bankruptcy and debt forgiveness, a compromised payment plan with your creditors, or even a mix of both. That depends on your situation, and getting you out of it is our priority.

Either way, you will now be free from oppressive creditor harassment, and able, at last, to make the financial or legal decisions to help you get your life back on track.

My Business Is In Serious Debt, What Are My Options?

It can be heartbreaking to see a business you helped create or run crumbling under the weight of serious debt. But that doesn’t mean it is time to give up. Chapter 11 bankruptcy exists to give businesses with potential a second chance.

Chapter 11 bankruptcy was created to allow businesses to restructure and reorganize their debts, create a repayment plan with their creditors, and most importantly, stay open. By working with a bankruptcy attorney, you and your business may very well be able to get through this crisis, stronger than ever, regardless of the size of your company.

Chapter 11 bankruptcy used to be reserved for larger corporations and companies, but thanks to the new addition of Subchapter V, even small and very small businesses have access to an expedited and affordable version.

Sometimes, however, continuing will not be possible and the best option is to close down. But that isn’t giving up either. Using a Chapter 7 bankruptcy, you and your bankruptcy attorney will work to make sure the closure affects as little of your life as possible and sets you up for a fresh and promising new start.

What Is The Difference Between Chapter 7 And Chapter 13 Bankruptcy?

Both Chapters of Bankruptcy offer solutions for individuals and families struggling with debt. Chapter 13 is intended to help them find a way out from under the debt through long-term restructuring, repayments, and discharging certain debts. Chapter 7 on the other hand, offers more rapid and drastic relief, but won’t protect your non exempt assets from being taken.

Chapter 7 bankruptcy is only available to individuals or businesses under a certain income level or who otherwise meet fairly strict eligibility requirements. But the relief it offers is dramatic, wiping out most unsecured debt, such as medical bills or credit card debt. Any non-exempt assets, however, can and will be sold off to reimburse your creditors.

Chapter 13 bankruptcy, on the other hand, is for individuals and families only, not businesses, who do not meet the requirements for Chapter 7 or who do not wish to lose their assets. Rather than wiping out most debt, Chapter 13 privileges repayment over 3 to 5 years, and restructuring. Doing so protects your assets and can even remove junior liens from unsecured property.

If you are unsure which Chapter you might need, it is always best to consult a Bankruptcy attorney. We will be able to help you figure out which Bankruptcy Chapter is best for you and help you through the complex process of filing.

The legal issues pertaining to your finances can be far-reaching. These things can include anything from your home, your assets, your rights as a consumer, and other matters including debts, student loans, mortgages, and more. We apply intelligent solutions to your problems, answer any of your questions, and inform you of all your options so you can make informed decisions moving forward. Even if things may feel like they are spiraling out of control, we help you hold the reigns and take back control.

The legal issues pertaining to your finances can be far-reaching. These things can include anything from your personal assets, your rights as a consumer, and other matters including all types of debt, student loans, mortgages, and more. We apply intelligent solutions to your problems, answer any of your questions, and inform you of all your options so you can make informed decisions moving forward. Even if things may feel like they are spiraling out of control, we help you hold the reigns and take back control.