Will I Lose Anything?

What Can I Lose in Bankruptcy?

How a Chicago Bankruptcy Attorney Could Help

In most cases, nothing! In a Chapter 7 bankruptcy, the law allows people who file for bankruptcy to "exempt" or keep most (usually all!) of their personal belongings. The Bankruptcy laws recognize that keeping personal property is essential for people to get a "fresh start" after bankruptcy. In a Chapter 13 bankruptcy, people lose nothing they want to keep as long as they are making their court approved Chapter 13 Bankruptcy payments pursuant to their Chapter 13 Bankruptcy plan.

Contact one of our experienced attorneys today for more information about keeping personal property. With the advice of an experienced Chicago bankruptcy attorney, you can rest assured that we will fight to protect your assets, preserve your property, and set you on the path to financial freedom. 

Will I be able to keep my home if I file bankruptcy? 
In most cases, YES! In a Chapter 7 Bankruptcy, you must be current on your mortgage payments (real estate taxes and insurance, too) and continue to make your mortgage payments as you would normally. You are also allowed to have some equity in your home. One of our experienced Chicago Bankruptcy attorneys will let you know if you will be able to keep your home before you decide to file. In a Chapter 13 Bankruptcy, you may be able to keep your home even if you are behind on your mortgage payments. Again, one of our experienced attorneys will develop a Chapter 13 plan to help you keep your home and catch up on your mortgage payments.

How about my car? 
As with a house, in most cases, YES! In a Chapter 7 Bankruptcy, it is generally not a problem to keep your car. You must be current with your payments, maintain full coverage insurance on the vehicle, and agree to keep making the monthly payments as you would normally. In a Chapter 13 Bankruptcy, you also have to keep the vehicle fully insured, but we can include your car payment in your Chapter 13 Bankruptcy plan. So it is certainly possible to keep your car even if you are behind on your monthly payments! Contact one of our experienced attorneys to find out more about keeping your car in bankruptcy, and to schedule a free in-person consultation

Get Help from an Experienced Bankruptcy Lawyer in Chicago

Filing for bankruptcy is a difficult decision. However, with skilled and compassionate attorneys on your side, you will receive a fresh start. With proper financial guidance, you can dramatically improve your future following a bankruptcy. With the assistance and guidance of our experienced bankruptcy attorneys, Law Offices of David Freydin will guide you easily through this process. We look forward to helping you on the road to financial freedom.

You have options in resolving your debt issues. Contact a Chicago bankruptcy attorney from Law Offices of David Freydin to find out what they are.

Our Client Testimonials

    "A Very Hands on Attorney - Patient & Attentive"
    I found Mr. Glanzer to be a very hands on attorney. Anytime I had any questions or concerns I felt very comfortable calling him and he was very patient with answering all my questions.
    Chapter 7 Client
    Chicago, IL
    "Wonderful to Work With & Very Accessible"
    The guys are wonderful people to work with and they are very accessible and always willing to answer any questions you may have no matter how stupid you think they may be. I will definitely recommend they and use them again if needed in the future.
    Chapter 7 Client
    Chicago, IL
    "He Always Returned Our Calls and Emails"
    Deciding to file bankruptcy was not an easy decision. Mr. Glanzer spent a great deal of time with me and my husband discussing the various options available to us. He answered all of our questions and always returned our calls and emails. Thanks to him, my husband and I now have our fresh start. We are so grateful for his compassion and time. I highly recommend him.
    Deborah, Chapter 7 Client
    Chicago, IL
    "He Took the Time to Explain Everything"
    I so appreciated Mr. Glanzer's patience in helping me through a challenging time. He took the time to explain everything to me very thoroughly to be sure I fully understood. I'm very grateful to have found him and would highly recommend him.
    Chapter 7 Client
    Chicago, IL
    "Forget All the Others, this Firm is the Real Deal!"
    Charles is an excellent attorney. All of our questions were answered and no question was looked at as dumb. They give all their clients their full attention and you don't see that with too many lawyers. Though we have finished our case with them, they still took the time to answer questions that I had afterward. I would recommend them to anyone who is looking for a bankruptcy attorney.
    V and M Natour - Chapter 7 Clients
    Chicago, IL

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Why Choose Us?

  • We offer a FREE case evaluation to all prospective clients
  • We have two convenient office locations in Chicago
  • We have outstanding reviews from former clients
  • We make sure clients are always prepared for their hearings
  • We aggressively protect clients from creditor harassment
  • We return all calls and emails in a timely manner
  • We will keep you up-to-date about any progress in your case
  • We give every client the personal attention they deserve
  • We have successfully handled hundreds of bankruptcy cases
  • We have over 20 years of experience