Petti Murphy Associates - Geneva Personal Injury Attorneys
GENEVA OFFICE :
630-457-1691

COVID 19 UPDATE

To protect your health, and the health of our employees, we are not taking in person appointments at this time. We are however, still accepting new cases and providing consultations by telephone.
 
If you would like to schedule a telephone conference to discuss your current legal needs with an attorney, or need to reach our paralegal, Erin O’Connell, please call her at # 630-362-5039 or email If you are a current client, you may reach attorney Edgar Petti at or # 630-404-9303.
 
We want to ensure you that your legal matters are moving forward and we continue to work hard on your cases. We know how much each one of your cases that you’ve entrusted to us means. We are available by telephone and email to answer any questions that you may have, and discuss your legal options.
 
Please stay safe and healthy, and know that this unprecedented time will pass.

Business And Consumer Bankruptcy And Debt Solutions

U.S. District Court, Dirksen Building | Chicago,Illinois

The U.S. Bankruptcy Code allows individuals, families and businesses in Illinois an opportunity to get a fresh start or reorganize from crippling debt.

Since the founding of our country, hardworking people have turned to the bankruptcy courts for relief from collections actions, wage garnishments, judgments and loss of assets to creditors. If you are struggling under the heavy burden of debt, filing bankruptcy could be your best option for a fresh start or to reorganize your debt with creditors.

The need to file bankruptcy sometimes cannot be avoided, and there is no need to feel ashamed to file if it is the best option for you, your family or your business. Millions of Americans seek the protection of the U.S. bankruptcy courts every year, mostly under Chapter 7 to eliminate their consumer debt.

Do You Need A Fresh Start? Does Your Business? We Can Help.

We are the bankruptcy and debt relief* attorneys of Petti Murphy & Associates. We help people and businesses throughout the Chicago metro area resolve their debt problems through the bankruptcy courts or debt forgiveness plans.

Our lawyers provide legal counsel for clients throughout Cook County, Kane County, DuPage County and the collar counties around metropolitan Chicago, including the Tri-Cities area of St. Charles, Geneva and Batavia. Call us or contact us by email to discuss your legal concerns with one of our Geneva business and consumer bankruptcy attorneys today.

Our attorneys have more than 100 combined years of litigation and negotiating experience, and will move your bankruptcy case through the process as efficiently and cost-effectively as possible.

What Is Chapter 7 Bankruptcy?

Frequently referred to as liquidation proceedings, Chapter 7 individual debt relief is what most individuals and families think of when they consider filing bankruptcy. Chapter 7 gives you the opportunity to eliminate consumer debt, such as credit card debt, medical bills and bank loans, after meeting certain criteria.

Of course, not all debts can be eliminated through bankruptcy. Child support, alimony, some tax debt and government-backed student loan debt, for example, usually must be repaid.

Through bankruptcy, you may be able to keep your home, vehicle or other property that is facing repossession. Chapter 7 bankruptcy may allow you to keep (reaffirm) mortgage and family car loans, while eliminating other debts.

You can learn more on our FAQs page, which addresses questions that our clients commonly have about the Chapter 7 bankruptcy process.

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy allows debtors to consolidate all of their debts. Under Chapter 13, debtors repay all or a percentage of their restructured debt under a court-supervised three- or five-year repayment plan. The single monthly payment plan is typically less than the combined payments of all individual debt, and can save thousands of dollars in interest, penalties and late fees. Unlike Chapter 7 bankruptcy, Chapter 13 does not involve liquidation.

What Is Chapter 11 Bankruptcy?

Businesses can also take advantage of bankruptcy court protection from creditors. Chapter 11 business debt reorganization allows the business to continue operations while gaining respite and restructuring debt repayments, as well as making room for infusion of new capital. Under most conditions, creditors may not pursue collections actions or judgments against the business or investors while the business is under the protection of the courts.

What Is A Bankruptcy Adversary Proceeding?

A complaint to begin an adversary proceeding could be filed by the person going through bankruptcy, a creditor or the bankruptcy trustee and it is a separate lawsuit within a bankruptcy case. The complaint could ask the court to do a variety of things, such as deny the forgiveness of a certain debt that was allegedly incurred in fraud, strip junior liens from real estate property or determine that a fraudulent transfer was made.

You can find out more information about the proceedings, including why everyone involved in an adversary proceeding should be represented by a skilled lawyer, on the Bankruptcy Adversary Hearings information page.

Contact Our Office Today To Discuss Your Debt Relief Options

Our office hours are 8:30 a.m. to 5 p.m. weekdays. Weekend and evening appointments may also be made. Call our Geneva office at 630-457-1691 for a free half hour consultation. You may also contact us by email anytime.

*We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.