Elgin, IL Bankruptcy Attorney

James A. Young & Associates

47 DuPage Court Elgin, Illinois 60120 USA

 (630) 883-0609 or (877) 883-2254
 (847) 695-3494

www.youngbklaw.com
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Law Firm Overview Free Consultation

At the law office of James A. Young & Associates focuses their practice on bankruptcy issues, representing individuals and businesses. We handle all matters related to Chapter 7, Chapter 13 and Chapter 11 proceedings.

We offer more than 20 years of experience to individuals and businesses in Illinois that are considering filing for bankruptcy protection. We work with people from all walks of life, from blue collar workers to corporate executives and business owners. Because of our reputation for skilled and effective legal advocacy, many of our new cases come to us as referrals from other lawyers.

We have a comprehensive understanding of the bankruptcy laws, and we can help you use bankruptcy to manage secured and unsecured debt including credit card obligations. We will help you use the bankruptcy laws to stop wage garnishments and repossession efforts or to strip a second lien off your real property. We also protect the rights of debtors when disputes must be litigated during a bankruptcy filing.

Practice Areas

Additional Practice Areas: Lien Stripping, Secured Debt and Unsecured Debt, Wage Garnishment and Repossession, Business Bankruptcy, Bankruptcy Litigation, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy

Practice Areas Description

- Bankruptcy

We handle all matters related to Chapter 7 bankruptcy and Chapter 13 bankruptcy proceedings, filing all the paperwork necessary to complete the process and acting as your representative in hearings or meetings with creditors, the trustee or the bankruptcy court. We will help you address credit card debt, and we can put an end to wage garnishments and repossession. We also provide experienced counsel to businesses considering or involved in bankruptcy filings, handling Chapter 11 and Chapter 7 proceedings. Attorney Young represents debtors in adversarial proceedings related to bankruptcy filings, including disputes over what types of debts may be discharged. If you have a second mortgage, but the value of your property is less than the principal balance on your first mortgage, we may be able to help you strip the second mortgage lien from your property. At our office, we believe there is life after bankruptcy. We will help you understand the process, including what to expect in the months and years after your bankruptcy is completed.

- Chapter 7 Bankruptcy

When you face overwhelming debt and there seems to be no short- or long-term solutions, a Chapter 7 bankruptcy proceeding can help you rid yourself of certain debt, so that you can get a fresh start. As with all bankruptcy filings, a Chapter 7 petition will immediately prohibit your creditors from calling, writing or taking other legal action to collect a debt from you. The rules for eligibility for Chapter 7 have changed, though. You want an experienced lawyer to carefully review your case, so that you get the outcome you need.


- Chapter 13 Bankruptcy

If you are struggling to meet your financial obligations and you don't qualify to permanently discharge debts under Chapter 7, or if you want to repay your creditors and keep your property, a Chapter 13 petition can still stop the harassing phone calls and letters and help you get a fresh start. You want an experienced attorney to guide you through the process, someone who has successfully taken debtors through a Chapter 13 bankruptcy proceeding.


- Bankruptcy Litigation

In many bankruptcy proceedings, the petition is filed and the debtor is able to complete the process with minimal challenges from creditors. If, however, you file for protection under the bankruptcy laws and you can't come to an agreement with all your creditors, your dispute may need to be resolved in an adversarial proceeding in the bankruptcy court. If that happens, you want an experienced attorney to protect your interests.


- Credit Card Debt

If your credit cards have gotten out of control, and you see no way to catch up, a personal bankruptcy filing can help you get a new start. You may have lost your job or tried to pay unreimbursed medical expenses with your credit card. Regardless of the reason, if you qualify, you can permanently discharge credit card debt in a Chapter 7 bankruptcy proceeding. You want an experienced attorney to guide you through the process. At the law office of James A. Young & Associates, we work closely with individuals who need help getting credit card debt under control. For more than 20 years, we have provided comprehensive counsel to people in Illinois who are considering filing for bankruptcy protection. We have built strong relationships with our colleagues in the legal profession, who value our hard work and commitment to excellence. Many of our new cases come to us as referrals from other lawyers.

- Business Bankruptcy

If your business has been hit hard by the recession, but you believe you can weather the storm with some relief from creditors, a Chapter 11 bankruptcy filing may be what you need to get a fresh start. In a Chapter 11 petition, you seek to work out new payment arrangements with your creditors, often for less than what you actually owe them. You don't need to go through credit counseling, as is required for personal bankruptcy, and you won't have to worry about calculating your income.


- Wage Garnishment and Repossession

If you are in financial trouble, you may already be facing the threat of wage garnishment or repossession of personal assets. A personal bankruptcy filing can suspend all legal proceedings against you. You want an experienced lawyer to guide you through the process, someone who has successfully helped others in similar circumstances.


- Lien Stripping

If you have a second mortgage on your property, but the value of your real estate has dropped below the principal balance on your first mortgage, you may be able to file bankruptcy, rid yourself of the second mortgage and keep your home. This process is known as "lien stripping." You want an experienced lawyer to look at your situation and help determine whether you qualify for this option.


- Secured Debt and Unsecured Debt

If you are struggling to make ends meet, you probably have some debts that are secured by collateral and some that are not. The types of debts you have can dictate the type of relief you should seek, especially if you want to keep your property. You want an experienced attorney to help you make the right decisions.

Partners

Mr. James A. Young Attorney Bankruptcy, Debtor and Creditor, Foreclosure, Personal Injury, Workers Compensation

More Information on James A. Young & Associates

Elgin, IL Bankruptcy Law Firm
Credit Card Debt Attorneys in Elgin, IL
Elgin, IL Wage Garnishment & Repossession Lawyers
Elgin, IL Chapter 7 Bankruptcy Law Office
Business Bankruptcy Lawyers in Elgin, IL
Chapter 13 Bankruptcy Law Firm in Elgin, IL
Elgin, Illinois Bankruptcy Litigation Attorneys
Secured Debt & Unsecured Debt in Elgin, Illinois
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