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Naperville Attorney/Assets You Can Keep in Bankruptcy

DuPage County Bankruptcy Attorney With More Than 20 Years of Experience

Are you concerned that you will lose everything you own if you file for consumer bankruptcy? Your home? Your car? Your savings? Your ability to acquire a loan or re-establish a credit rating?

In Itasca, Huntley, Naperville, Greater Chicago and across Illinois, the lawyer who skillfully helps you get that fresh start is Linda Bal, founder of Linda Bal & Associates. Her more than 20 years of experience has produced results for clients across the state. Her comforting legal leadership takes the fear, uncertainty and embarrassment out of a bankruptcy filing. She is dedicated to your success.

Chapter 7 "fresh start" liquidation bankruptcy allows your nonexempt assets (luxury items) to be forfeited, to pay your creditors. But bankruptcy law was not designed to punish people who have money problems. It exempts certain assets from liquidation.

To learn more about property exemptions — and how to achieve the lasting debt relief that can bring your family back to a sound financial footing — contact Linda Bal & Associates today for a free consultation. The toll-free number to call is 800-599-2152.

Honest Answers to Your Question: "What Can I Keep in Bankruptcy?"

Linda Bal explains how you can exempt valuable assets from your estate and avoid turning over property to a bankruptcy trustee, to satisfy an unsecured creditor's claims. Your property exemptions could include:

  • Home equity (up to $1500/3000 married couple)
  • Equity in a motor vehicle (up to $2400/4800 married couple)
  • Household goods
  • Tools used for your livelihood
  • Retirement benefits, pensions and account funds (401k, IRA, IMRF)
  • Life and health insurance policy
  • Personal injury claim
  • Beneficiary funds, life and health insurance
  • Disability financial assistance
  • Workers' compensation
  • Unemployment benefits
  • Wild card exemption ($4000/8000 married couple)

If your assets are subject to liquidation in Chapter 7, i.e. too many assets in the luxury category, Chapter 13 bankruptcy may prove to be the better option. Our experienced lawyers offer the solid counsel and sound advice you need to determine which is the best option for you.

We offer reasonable flat rate fees with no hidden costs; weekend and evening hours, with appointment flexibility; all work performed personally and directly with you, by an experienced legal professional; and prompt, professional service you can count on.

From offices in Chicago, Huntley, Itasca and Naperville, the lawyers of Linda Bal & Associates provide legal advice and representation for clients in communities throughout DuPage County, Kane County, McHenry County, Will County and Cook County, Illinois. Contact the firm to arrange an initial consultation with an experienced Naperville property exemptions attorney at an office near you.

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Serving The Following Areas :

Linda Bal & Associates serves clients in Illinois cities such as Naperville, Chicago, Itasca, Huntley, Aurora, Elmhurst, St. Charles, Wheaton, Batavia, Algonquin, Bartlett, Woodstock, Arlington Heights, Schaumburg, Bensenville, Addison, Barrington, Palatine and others throughout DuPage County, Kane County, McHenry County, Will County and Cook County.