By the time someone starts seriously considering filing for bankruptcy, their life has been in turmoil for months, or possibly even years. It’s been a constant struggle to keep the lights turned on. Chuck hamburger long ago replaced steak on the menu. The threatening phone calls and letters never stop. Someone who used to be self-confident feels like there’s a neon sign on their forehead blinking “FAILURE”. It’s time to take control of the situation and contact bankruptcy attorneys in Chicago.
At one time, the laws made it fairly easy for consumers to file for bankruptcy protection. However, since 2005, it has become considerably more difficult. It would be very easy for someone who was completely unfamiliar with bankruptcy laws to make an expensive mistake. One of the first decisions that must be made is whether the person meets the qualifications for Chapter 7, Chapter 11 or Chapter 13 bankruptcy. Extenuating circumstances might allow qualification under Chapter 7, for example, even with an income that would seem to be too high. Someone trying to hang onto their home would certainly want to take a close look at Chapter 13.
Chapter 11 is normally thought of as business bankruptcy, but is suitable for individuals with substantial debt. This can be a very difficult process. David Leibowitz and his team of experienced Chapter 11 lawyers are uniquely qualified to handle individual Chapter 11 bankruptcy.
Before David Leibowitz began Lakelaw in 1999, he had been a prominent attorney in Chicago for 25 years. After opening the first Lakelaw office in Waukegan, the practice expanded to Chicago, Kenosha and Skokie, becoming an interstate firm. Their talented team of lawyers represents clients in bankruptcy and mortgage foreclosure defense in Illinois, Wisconsin, Michigan and Florida. Lakelaw advises clients in a wide variety of financial matters. The firm is nationally recognized for its work in bankruptcy and mortgage foreclosure.
David Leibowitz received his Juris Doctorate from Loyola University in 1974. He has served as a Chapter 7 Trustee and is Certified in both Consumer Bankruptcy and Business Bankruptcy. Mr. Leobowitz has received many honors, including the Pro Bono Award. Avvo has rated him as a top bankruptcy lawyer; he has also been rated a Super Lawyer.
