Bankruptcy.
We are a debt relief agency. We help people and businesses obtain relief under the
federal Bankruptcy law. We represent both individual consumer debtors and
business debtors, as well as creditors.
Call (847) 546-0055 for our free bankruptcy information sheet, mailed to you without
obligation.
We are a debt relief agency. We help people and businesses obtain relief under the
federal Bankruptcy law. We represent both individual consumer debtors and
business debtors, as well as creditors.
Call (847) 546-0055 for our free bankruptcy information sheet, mailed to you without
obligation.
Bankruptcy Q&A.
Answers to frequently asked questions.
What is Bankruptcy?
The term "Bankruptcy" generally refers to the United States Bankruptcy law. The
Bankruptcy law is intended to help and protect persons (and businesses) in financial
difficulty and to provide an opportunity for a fresh start, free from unsecured debt.
What does filing a Bankruptcy mean?
When someone says they have "filed a Bankruptcy" they usually mean that they have
filed a Bankruptcy petition (or "case") with the Court. A Bankruptcy petition sets out all
the property and all of the debtor's debts and asks the Court for relief from debt as
permitted under the Bankruptcy law.
Will I lose any of my property if I file a Bankruptcy?
Although the law requires complete disclosure to the Court of all assets and debts, the
law also provides exemptions that allow the debtor to keep equity in certain types of
property. Because of these exemptions, in the vast majority of cases, Bankruptcy does
not result in the loss of any of the debtor's property. The ability to keep property is an
important consideration - it is also an issue that can (and should be) determined with
great accuracy before a case is even filed.
Answers to frequently asked questions.
What is Bankruptcy?
The term "Bankruptcy" generally refers to the United States Bankruptcy law. The
Bankruptcy law is intended to help and protect persons (and businesses) in financial
difficulty and to provide an opportunity for a fresh start, free from unsecured debt.
What does filing a Bankruptcy mean?
When someone says they have "filed a Bankruptcy" they usually mean that they have
filed a Bankruptcy petition (or "case") with the Court. A Bankruptcy petition sets out all
the property and all of the debtor's debts and asks the Court for relief from debt as
permitted under the Bankruptcy law.
Will I lose any of my property if I file a Bankruptcy?
Although the law requires complete disclosure to the Court of all assets and debts, the
law also provides exemptions that allow the debtor to keep equity in certain types of
property. Because of these exemptions, in the vast majority of cases, Bankruptcy does
not result in the loss of any of the debtor's property. The ability to keep property is an
important consideration - it is also an issue that can (and should be) determined with
great accuracy before a case is even filed.
Other Practice Areas.
| Real Estate | |
| Estate Planning | |
| We are a debt relief agency based in Round Lake, Illinois. We help people and businesses obtain bankruptcy relief under the federal Bankruptcy law, serving the communities of Antioch, Gages Lake, Grayslake, Gurnee, Hainesville, Ingleside, Lake Bluff, Lake Villa, Libertyville, Lindenhurst, Mundelein, North Chicago, Round Lake, Round Lake Beach, Round Lake Heights, Round Lake Park, Waukegan, Wildwood and Zion. |
The information provided by this site is not, nor is it intended to be, legal advice.
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| MAGEE, NEGELE & ASSOCIATES, P.C. ATTORNEYS AT LAW |
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| Call our office for a free consultation. Our attorneys care and can help. Call and discuss your concerns and questions. There are no taped lectures - only real information that applies to you. Over 50% of our new clients are referrals by prior clients and other lawyers |
| Bankruptcy | Real Estate | Family Law | Estate Planning |
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| 444 N. Cedar Lake Road Round Lake Illinois, 60073 |
| One N. County Street Waukegan, Illinois 60085 by appointment only |
| Phone (847) 546-0055 Fax (847) 546-8390 |
| Round Lake Law Office 444 N. Cedar Lake Rd. Round Lake, IL 60073 |
| Waukegan Law Office by appointment only One N. County St. Waukegan, IL 60085 |
| Phone: (847) 546-0055 Fax: (847) 546-8390 |
| info@mageenegele.com |