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Chicago Bankruptcy Attorney
Chicago Divorce Attorney
Divorce, bankruptcy and real estate
Divorce.
Bankruptcy.
Real Estate.
These 3 areas of law are often intertwined.
But for each client, these issues all come together. Divorce clients, who have racked up the debt before splitting apart often file bankruptcy to relieve the pressure & stress that the debts cause on top of their already stressful lives. Bankruptcy eliminates the unsecured debt for each party, thereby helping each party to truely get the fresh start after divorce. Although it could seem to be an easy way out, it helps reduce or eliminate the need for alimony (often called maintenence) when one party is burdened with debt, and a drastic change in lifestyle post divorce.
Real estate is also often sold to have the proceeds split between the parties. This occurs when there is a stalemate between the parties on who keeps the marital home. Another popular drafting technique allows for the property to be refinanced at a certain time after the divorce, to allow for the parties to adjust to the change, for the property to increase in value, and for the retaining party to become financially stable and time to seek out the best refinancing available.
Bankruptcy
Benefits of Chapter 7
- * Stop harassing creditor phone calls
- * Stop garnishments and wage assignments from being deducted from your paycheck
- * Stop creditors from suing you
- * Stop the freeze on your bank account
- * Stop utility shut off and can re-establish service
- * Stop the suspension of your driver's license for unpaid tickets or accident claims
- * Discharge hundreds and thousands of dollars of debt
- * Discharge certain tax liability
- * Discharge all of the penalties and the doubling and tripling amounts of parking tickets
- * Get a better payment plan and interest rate on certain car notes
- * Get a better payment plan for your furniture, appliances, jewelry and electronics
- * Remove judicial liens on your home
- * Discharge your obligation for any cosigned debt
- * Discharge certain over-payments of government debts, like unemployment and public aid
- Stop foreclosure
- Stop repossession (sometimes even get your car back!)
- ‘Cram-down’ the amount owed on your car if you owe more than the car is worth
- Lower your interest rate that you are paying on your car, furniture, appliances and other big ticket items
- Ability to pay back a percentage of the total det on your credit cards, loans and medical bills a (anywhere from 10% to 100% and often with no interest) based on how much money you have left over at the end of the month
- Deduct your payment directly from your paycheck to avoid having to send money orders every month
- Stop creditors from suing you
- Stop the freeze on your bank account
- Stop utility shut off and can re-establish service
- Stop the suspension of your driver's license for unpaid tickets or accident claims
- Discharge hundreds and thousands of dollars of debt
- Discharge certain tax liability
- Remove judicial liens and tax liens on your home
- Discharge your obligation for any cosigned debt
- Discharge certain over-payments of government debts, like unemployment and public aid
Leeders & Associates, Ltd. are friendly, experienced divorce attorneys who provide professional legal services to the Chicago area. With almost half of all marriages ending in divorce, we understand that divorce can be emotionally and financially devastating to the parties and their children. Our lawyers also know that a divorce can be a liberating process that equitably divides assets and encourages both parties to take an active and positive interest in the growth and well being of their children.
The divorce attorney that you choose is an important factor in whether you take the rocky road or the super highway. With so much at stake, it is crucial to have an experienced divorce lawyer who can navigate the divorce courtrooms throughout the Chicago, Illinois area and help get you the results you desire. Divorce, child custody and marital settlements are issues that are of the utmost importance to you and your family. Our goal is to fight vigorously for your rights and for what you are entitled, no matter if you are the spouse seeking divorce, or if you were served with divorce papers; if you are the husband or the wife; we are here to help.
If you have been contemplating divorce or if you have been served divorce papers now is the time to call for a free consultation. The divorce lawyers of Leeders & Associates, Ltd. are committed to help guide you through your legal experience and are here to educate and assist you. We strive to provide quality legal services with that one on one personal service you deserve.