Welcome to Robert J Adams & Associates Your personal Bankruptcy Lawyer
PRACTICE AREAS
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CONSUMER BANKRUPTCY
CHAPTER 7
CHAPTER 11
CHAPTER 11
Imagine how your life would change if you could wipe away your debts. No more harassing phone calls. No more worries about garnished paychecks or the repo man. No more sleepless nights.
CHAPTER 11
CHAPTER 11
CHAPTER 11
The definition of a Small Business in a Chapter 11 is one where the debts don’t exceed about $2.5 million (currently $2,566,050). The debt limit excludes amounts owed to persons considered “insiders” such as stockholders and/or family members.
CHAPTER 13
CHAPTER 20
CHAPTER 20
Working but living paycheck to paycheck? Have you fallen behind on your house payments or let other bills slide? You are not alone. A recent study shows that 60 percent of American households cannot absorb a $500 unexpected expense.
CHAPTER 20
CHAPTER 20
CHAPTER 20
First of all, there is no Chapter 20 in the Bankruptcy Code. The term “Chapter 20” is a shorthand term where the individual or married couple has filed a Chapter 7 and shortly thereafter filed a Chapter 13.
BUSINESS BANKRUPTCY
2020 has been a particularly difficult year for many businesses throughout the United States due to the coronavirus pandemic. According to Yelp.com's Local Economic Impact Report, over 97,966 businesses have permanently shut down during the COVID-19 pandemic. If your business has been affected by COVID-19 closedowns, or you have incurred personal debt due to other burdens to keep your struggling business afloat, filing for bankruptcy may help you find the financial relief that you need.
Robert J Adams & Associates
Chicago Office 540 W 35th St Fl 1 Chicago, IL 60616 - Lake County Office 228 N Genesee Waukegan, IL 60085
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