Illinois Bankruptcy Attorneys
Steven H. Mevorah & Associates - Bankruptcy
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8 South Michigan Avenue Suite 2700 Chicago, Illinois 60603 USA |
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(630) 932-9100
www.mevorahlaw.com/
Contact the Firm
Law Firm Overview
Steven H. Mevorah & Associates is a multi-practice law firm with offices in Lombard, Bloomingdale and Chicago. Our attorneys have built a reputation for the highest caliber of legal services, steadfast protection of clients’ rights and successful outcomes. Our attorneys and support staff share the vision on which our firm was founded - solving legal problems and providing clients with the "Mevorah Difference."
In the area of consumer and business bankruptcy, our clients benefit from our attorneys’ extensive experience in the complicated preparations, exacting documentation and federal court proceedings involved in discharging debt.
When you turn to the Law Offices of Steven H. Mevorah & Associates for legal advice and guidance, you immediately know, we fully understand the problems you face. As your bankruptcy attorney, we carefully review your financial situation, explain the bankruptcy process and help you find a workable solution to manage your insolvency. Working closely with you, we guide you though the necessary steps, answer your questions, and promptly return your phone calls. We also meet with you on a regular basis, keeping you updated on the progress of your case.
We make it easy for you to get the best legal help available. We offer: three offices for your convenience: Bloomingdale, Chicago and Lombard; free case evaluation; and Saturday and evening appointments.
Practice Areas
Additional Practice Areas: Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Chapter 11 Bankruptcy, Home Foreclosures, Non-Bankruptcy Solutions, Small Business Bankruptcy
Practice Areas Description
The Law Offices of Steven H. Mevorah & Associates offers legal advise and services in the following area of practice:- Chapter 7 Bankruptcy
Among the many forms of bankruptcy defined in the U. S. Bankruptcy Code, Chapter 7 is the most common type chosen by individuals, typically those who have few assets, unsecured and credit card debt. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) changed the rules for filing for bankruptcy protection. Previously anyone could file for a Chapter 7 bankruptcy. However, under the new code, your income now determines whether or not you can file.
- Chapter 13 Bankruptcy
For people who are struggling with secured debt but have a stable source of income and do not want to lose their property, Chapter 13 bankruptcy usually offers a better solution than Chapter 7. Chapter 13 allows individuals to reorganize their debt and devise a court-supervised repayment plan based on a three- or five-year period. While a sole proprietor or small business owner assigns personal liability through a Chapter 13 filing, in order for a business to reorganize and file for bankruptcy, a Chapter 11 would be used, not Chapter 13.
- Chapter 11 Bankruptcy
Generally used by businesses but also open to individuals, Chapter 11 offers more flexibility than any other type of bankruptcy and involves reorganization of debt so a business can stay in operation. Unlike Chapter 13 bankruptcy, Chapter 11 has no restriction on the amount of debt involved but can be beneficial in cases of low debt. Sole proprietorship, unincorporated businesses, partnerships and corporations all frequently use Chapter 11.
- Home Foreclosures
The best way to avoid a foreclosure on your house or property is to make timely mortgage payments. Your mortgage payments should be your top priority. Another tip for avoiding foreclosure is not to overextend yourself with a debt consolidation or second mortgage without consulting an attorney so that you fully understand the ramifications of your actions.
- Non-Bankruptcy Solutions
* Debt Relief
The attorneys at Steven H. Mevorah & Associates, P.C., work diligently to explore all your options. Unlike many bankruptcy firms in the Chicago area, we believe the only way you can make an informed decision is to understand your options. In many situations, you may have debt-relief options outside of bankruptcy. We understand that you may want to avoid bankruptcy and stop harassing phone calls and unscrupulous collection efforts.
- Small Business Bankruptcy
The bankruptcy attorneys at Steven H. Mevorah & Associates, P.C., take the time to explore your options, both in bankruptcy and outside of bankruptcy. Your options depend on a number of factors, including the nature of the debts, whether you or your business is liable for the debts, and whether the debt is secured or unsecured.
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Contact Steven H. Mevorah & Associates - Bankruptcy
Other Offices
- USA - Illinois, Bloomingdale
- USA - Illinois, Lombard - Main Office
