Bankruptcy Lawyer in Chicago

Are you afraid to walk to the mail box to see what has been delivered? Do you hesitate to answer your phone? Are you watching your business accounts dwindle in the face of mounting bills? Do you know what to do to protect as many of your assets as possible?

Odds are that if you are in a situation like this, you should discuss your situation with a Chicago bankruptcy attorney. Forrest Ingram is a Chicago bankruptcy lawyer with years of experience in handling several different types of bankruptcy. No matter how complex your situation seems, rest assured that Attorney Ingram has seen it before, and will know how to guide you through what can be an extremely stressful process.

The Law Offices of Forrest Ingram handles the following types of bankruptcies:

Business bankruptcies

Chapter 11 Reorganizations or Liquidations: This is an extremely complicated area of bankruptcy, and can only be handled by a Chicago bankruptcy lawyer who has years of training and experience. Attorney Ingram has guided the following types of businesses through the reorganization process:

Corporations
Limited Liability Companies
Partnerships
Limited Partnerships
Sole Proprietorships
Individuals with Business Interests

Chapter 7 Straight Bankruptcies for businesses: “Straight” bankruptcy refers to the fact that a business will simply liquidate its assets and wipe out its debts, which in effect gives the business a fresh start financially.

Consumer bankruptcies

Chapter 13 Consumer Reorganizations: This is a more complicated type of bankruptcy, where a repayment plan is proposed to the creditors and agreed to by the parties. Upon completion of this plan, also called a “wage-earner’s” bankruptcy, all debts are considered paid. Specifically, a Chapter 13 bankruptcy helps individuals who:

need to protect their assets
have primarily consumer debt
wish to repay all or part of their debt
and may own small businesses

Chapter 7 Straight Bankruptcies for:

Consumers whose monthly income is insufficient
to pay monthly expenses and who:
- cannot repay their debts
- have no non-exempt assets to protect

The firm centers its practice in Chicago, but handles claims and clients all over the world. If you are having trouble paying your bills and keeping your financial head above water, contact the firm today to get your life back in order.

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