Bankruptcy Lawyer Lincoln, IL
Since first opening our doors in 1995, Niebuhr Law Firm has aimed to offer comprehensive legal services to our clients. We represent bankruptcy clients throughout Illinois, ensuring that each one has legal representation at the time when they most need it. Our experienced bankruptcy lawyer by Lincoln, IL will put your case first, and focus all their attention on achieving a positive outcome. Many people find the process of filing for bankruptcy stressful. We aim to make this time as easy for you as possible.
Filing for Bankruptcy
When you consider bankruptcy, you might immediately think about losing your home, vehicle, and other worldly possessions. Thankfully, the court tends to be forgiving towards those looking to make a positive change in their financial situation. In Illinois, many debtors can retain ownership of their home, car, and any personal property worth up to $4,000. We’ll fight to the best of our abilities to ensure you keep control over your possessions.
Depending on the specifics of your case, we may move forward with either Chapter 7 or Chapter 13 bankruptcy. Both are viable options, but both also have specific requirements and outcomes. We’ll determine the best choice during our personal consultation with you.
Things to Know
The world of bankruptcy might seem shrouded in mystery, but an experienced bankruptcy lawyer by Lincoln, IL can make the filing process straightforward.
You should know that your spouse does not need to file bankruptcy alongside you. The court will receive their income and expenses, however, when determining your eligibility for bankruptcy. Furthermore, filing for bankruptcy will not impact your employment prospects or chances of receiving student loans for further schooling.