Best Bankruptcy Attorneys in Peoria

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Bankruptcy Attorneys FAQs

Last updated: September 26, 2022

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24/7 Legal

Peoria, IL

Clients looking for a bankruptcy attorney can connect with 24/7 Legal. The company has a database of over 20,000 professionals, allowing it to match clients with the right service provider regardless of their location. It connects clients with bankruptcy attorneys who represent both creditors and debtors in chapters 7 and 13 proceedings. These lawyers handle both transactional and litigation matters. 24/7 Legal maintains open communication with clients to ensure that they find the provider that fits their specific requirements.

(309) 315-3974

Charles E. Covey, Attorney at Law

416 Main Street , Suite 700, Peoria, IL 61602

Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Charles E. Covey, Attorney at Law, is a bankruptcy attorney serving the Peoria area. Covey is committed to providing assistance to clients struggling with financial burdens and guiding them if they are considering filing for bankruptcy. He has over 30 years of experience in the field, working closely with clients to determine if they are eligible for chapter 7 bankruptcy under the Bankruptcy Code. He also has experience with filing chapter 13 bankruptcy for clients ineligible for debt liquidation.

Collateral Base

316 Southwest Washington Street, Peoria, IL 61602

Debt Settlement

Peoria-based law firm, Collateral Base specializes in cannabis law, corporate litigation, commercial banking, and real estate law. As a bankruptcy lawyer, Thomas Howard has helped resolve a lot of multi-million dollar non-performing loans for local community banks. Howard is a member of the Illinois State Board Association's Standing Committee on Commercial Collections, Banking, and Bankruptcy. Howard is also skilled in SEO and digital marketing, which he integrates into his practice.

Howard & Howard

211 Fulton Street, Peoria, IL 61602

Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Howard & Howard is a diversified practice in Peoria that handles all aspects of business law. Representing clients from various industries, its roster of skilled attorneys offers candid legal advice in matters of environmental, business, and corporate law. This firm also handles issues involving alternative dispute resolution, franchising, and intellectual property. Its bankruptcy attorneys represent financially distressed clients in restructurings, litigation proceedings, and corporate bankruptcies. They are also experienced in out-of-court restructurings and workouts.

Kepple Law Group, LLC

4700 N. Prospect Road, Ste 7, Peoria Heights, IL 61616

Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Kepple Law Group LLC is a Peoria-based private practice that can assist individuals, families, small businesses, and corporations who have got into financial difficulties that may result in filing for bankruptcy. Depending on the nature of the case, the firm can help clients discharge some debts, such as credit cards and personal loans. It can also develop a repayment plan for clients who have the ability to pay, as well as restructuring debts for corporations.

Rafool & Bourne P.C. Attorneys At Law

401 Main Street, Suite 1130, Peoria, IL 61602

Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Rafool & Bourne P.C. Attorneys At Law is a bankruptcy law firm in Peoria that has been serving clients in Central Illinois for over 40 years. Its team of experienced attorneys represents individuals in personal bankruptcy cases and provides other debt relief alternatives. They help clients who meet the requirements to file for chapter 7. This will help clients reduce or eliminate medical bills, finance company loans, and credit card debts. Rafool & Bourne also handles foreclosure defense and chapter 13 bankruptcies.

Smith & Weer, P.C.

456 Fulton Street, Peoria, IL 61602

Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Debt Settlement

Smith & Weer PC is a small law firm based in Peoria that has years of experience practicing bankruptcy law, advocating for individuals and families who are unable to pay their debts and those who can, with the right support. The firm's services include preventing creditors from harassing its clients and garnishing their wages, developing repayment plans based on the ability to pay, and discharging some debts, such as credit cards and personal loans.

Spencer Lee Daniels

411 Hamilton Boulevard, Peoria, IL 61602

Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Spencer Lee Daniels is an attorney based in Peoria who has more than 35 years of experience advising individuals and families who may be considering filing for bankruptcy as a way out of their debt problems. Where possible, the attorney can advise on alternative solutions, such as restructuring debts and agreeing to repayment plans with creditors. He can also help clients who cannot pay discharge eligible debts and prevent creditors from harassing them.

Williams, Williams, and Bembenek

139 East Washington Street, East Peoria, IL 61611

Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Credit Card Debt
Debt Settlement

Williams, Williams, and Bembenek is a full-service law firm that has been providing legal services to clients in Peoria, Woodford, and Tazewell counties since 1972. Its bankruptcy attorneys offer a variety of legal options to financially-distressed clients. They can assist qualified clients in filing for chapter 7 or chapter 13 bankruptcies. This firm's legal team also handles family law and estate law cases. They also defend individuals charged with assault and battery, DUI, and other criminal charges.

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Frequently Asked Questions

Q: Can anyone file bankruptcy?

A: Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

Q: How bad is it to file bankruptcy twice?

A: Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.

Q: Can they take my car in Chapter 7 bankruptcy?

A: In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

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