Bankruptcy Attorney in Lincoln, IL
Bankruptcy is often described as a fresh start for those in severe financial troubles. According to the Supreme Court, it is an opportunity for a new life unhampered by the significant pressures of pre-existing debt. At Niebuhr Law Firm, we know this is true. Our clients deserve to rise from underneath their debt and make a new life for themselves. They just need a helping hand. As the home of the premier bankruptcy attorney for Lincoln, IL, we vow to provide the most efficient and affordable legal services possible.
Types of Bankruptcy
There are two main types of bankruptcy: Chapter 7 and Chapter 13. Chapter 7 is the most common type of bankruptcy, and the fastest to file. In these cases, a court trustee thoroughly examines the debtor’s assets. They then determine if any items will bring value if they sell. Furthermore, the majority of assets owned by our clients are exempt.
Chapter 13, on the other hand, is known as a “debt reorganization plan.” By filing Chapter 13 bankruptcy, the debtor can eliminate the majority of their pre-existing debt without sacrificing their property or personal possessions. To acquire the best repayment plan, you’ll need an experienced bankruptcy attorney in Lincoln, IL to handle your case. Niebuhr Law Firm can help!
Bankruptcy Attorney Costs
We have priced our legal services to be as affordable as possible. In any case, to remain transparent, we will offer you a free consultation when you call our offices. That way, you will understand the full scope of your case and its costs. We can then work together to decide how to best move forward.
Our team is committed to providing thorough work; we won’t leave any stone unturned. Furthermore, we’ll evaluate your case and work out a payment plan that best fits your needs.