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Wheaton, IL Bankruptcy Lawyers

Attorneys for Personal and Business Bankruptcy in Naperville, Glen Ellyn, and DuPage County

Wheaton Bankruptcy Process Lawyer

The process of filing for bankruptcy is a complex and difficult one. However, an experienced bankruptcy lawyer can help you determine what bankruptcy option is best for you and how to apply for bankruptcy. At Anderson and Associates, P.C., our attorneys will make sure you have all the required documents and paperwork to file for bankruptcy so your petition is approved. We can make the process of filing for bankruptcy simple and less time-consuming for you.

The Process of Filing for Bankruptcy

In order to petition for bankruptcy, the debtor must file the following documents with a bankruptcy court:

  • A formal bankruptcy petition
  • Documents outlining current expenditures and income
  • Statement of expected rise in income or spending after filing for bankruptcy
  • A statement of the debtor's financial situation
  • List of liabilities and assets
  • List of contracts that have not been executed and leases that are unexpired
  • Tax transcripts or return for the most recent tax year
  • A certificate of credit counseling and a copy of a repayment plan that was created during credit counseling
  • Pay statements from employers

Filing for bankruptcy requires certain fees. The bankruptcy petition may be dismissed if the debtor does not pay these fees. However, the fees may be waived if the petitioner cannot afford to pay them.

The debtor must also complete Official Bankruptcy Forms, and in order to complete these forms, the debtor must give the court the following documents:

  • The source and amount of the debtor's income
  • A schedule of all the property the debtor owns
  • A schedule of all creditors and their claims
  • A schedule of the debtor's monthly living expenses

Case Trustees

After filing for bankruptcy, the debtor's case will be assigned to a case trustee. The case trustee is a neutral party who is appointed to a bankruptcy case by the U.S. trustee. The case trustee's role is to sell the debtor's nonexempt property and distribute the proceeds of the sale to creditors. After a bankruptcy petition has been filed, the case trustee will meet with creditors. During the meeting, the case trustee will ask the debtor to swear under oath, and the creditors and trustee can ask the debtor questions about his or her property and financial situation.

Reputable Bankruptcy Lawyers in West Chicago

At Anderson and Associates, P.C., we are dedicated to helping our clients be free from debt. Our skilled bankruptcy attorneys will be by your side while you pursue your goal of living a debt-free life. To schedule a consultation, call us at 630-653-9400 or contact us via our website. We serve clients in Naperville, Winfield, West Chicago, and throughout Illinois.

Chicago Bar Association DuPage Association of Woman Lawyers Illinois State Bar Association DuPage County Bar Association Northwest Suburban Bar Association
Schaumburg Office
Orland Park Office
Wheaton Office
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