Bankruptcy
Regain control of your financial life. Our Chicago bankruptcy attorneys are here to help you find a fresh start.
Debt Relief
Chicago Bankruptcy Attorney
Tremendous debt can seem like an impossibly large burden on you and your loved ones. You may be facing the harsh realities of foreclosure, vehicle repossession, or creditor harassment. Sometimes, the best solution for these situations is filing for a Chapter 7 bankruptcy.
Being harassed by creditors can lead you to feel exhausted and intimidated. It's important to have legal counsel on your side while you navigate your options for resolving your debt. Whether you're looking for a bankruptcy, immigration, or personal injury lawyer in Chicago, please reach out to our office for a free case evaluation.
Understanding Your Options
What is Chapter 7 Bankruptcy?
Filing for Chapter 7 is one way for individuals to regain control of their life when their debts have become unbearable. It is a type of liquidation bankruptcy that can eliminate most unsecured debts without the creation of a payment plan.
When you file, creditors are legally obligated to cease contacting you about your debts — a major relief to most people who have been struggling to make payments. A case trustee appointed by the court will meet with you and your lawyer to fill in details about your financial picture and property. Many types of assets are exempt, but those that are not may be liquidated to help cover your debts.
Unsecured Debts That May Be Eliminated
Is This Right for You?
Who is a Good Candidate for Chapter 7?
Individuals with little to no income, including those who have lost their job or are unable to work, may be ideal candidates for Chapter 7. This option could be worth considering if you are barely able or unable to afford the necessities of life, much less unsecured debt payments.
This type of bankruptcy may be ideal for people with little or no large assets, such as renters or homeowners with little equity invested into their property. While assisting clients through Chapter 7 proceedings, our team will seek out any and all ways for you to reaffirm ownership of your items. If you have no sizable, qualifying assets, your debtors will collect nothing.
The Process
How Chapter 7 Works
Free Consultation
Meet with our attorneys to review your financial situation and determine if Chapter 7 is the right option for you.
File the Petition
We prepare and file your bankruptcy petition with the court. An automatic stay immediately stops all creditor contact.
Meeting of Creditors
A court-appointed trustee meets with you and your attorney to review your financial details. Creditors rarely attend.
Discharge of Debts
Qualifying debts are legally discharged, giving you a fresh financial start — typically within 3–6 months of filing.
Debts NOT Dischargeable Under Chapter 7
Our attorneys will review your specific debts during your free consultation to determine what can and cannot be discharged.
Client Testimonials
What Our Clients Say
"My experience with Ivan Rueda was tremendously successful. He discharged my case from felony to no case at all. He made the whole process easy and painless. The Rueda's team handled it professionally and expeditiously."
Leonor Buenavides
Chicago, IL · Google Reviews
"Thank you for your service and appreciate the hard work on my case. Excellent results. Also the amazing work of his assistant — she was available immediately and responded rapidly. I recommend this office 100%."
Joseluis Cabrero
Chicago, IL · Google Reviews
"Thank you for an amazing experience! Thank you for helping us and explaining step by step the process. The outcome was exactly what Mr. Rueda said it would be and I am so grateful."
Cassandra Flores
Chicago, IL · Google Reviews
Free Consultation
Submit your details and we'll be in touch shortly. You can also email us if you would prefer.
Practice Areas
Call Today! 773-252-9800
If you have any legal problem in your life, we are here to help you!
Contact UsServing Illinois cities such as:
Chicago, Bellwood, Berkley, Berwyn, Bridgeview, Broadview, Bolingbrook, Brookfield, Buffalo Grove, Calumet City, Cicero, Countryside, Elk Grove Village, Elmwood Park, Evergreen Park, Forest Park, Franklin Park, Hanover Park, Hillside, Hodgkins, La Grange, La Grange Park, Lyons, Markham, Maywood, McCook, Melrose Park, North Riverside, Northlake, Oak Lawn, Oak Park, Park Ridge, Skokie, Evanston, Des Plaines, Schaumburg, Wheaton, Waukegan, Joliet, Naperville, Aurora, Elgin, Downers Grove, River Forest, River Grove, Riverside, Stickney, Stone Park, Summit, Westchester, Willow, La Villita, Lawndale, Brighton Park, Pilsen, Midway, Avondale, Garfield Park, Logan Square, Schiller Park, Bensenville, Addison, Rolling Meadows, Cook County and at the 26th and California Courthouse, Maywood Courthouse, Bridgeview Courthouse, Daley Center Courthouse and Markham Courthouse. Also serving DuPage County, Cook County, Lake County, Kane County, and Will County.