Se Habla Español
To better serve the diverse communities throughout the Chicago Metropolitan area — including Aurora, Elgin, Joliet, Naperville, and Oak Brook — we communicate in both English and Spanish.
A Bankruptcy Firm You Can Trust Welcome to Chicago Bankruptcy Clinic
Are you struggling to pay your bills, being sued by creditors, or facing foreclosure? No matter the circumstances you’re up against, our clinic is here to provide you with informed representation to navigate your financial setback and determine if filing for bankruptcy is ideal for you.
If you’re ready to make a fresh start on your finances, you can rely on our first-rate legal services. We serve individuals and families in Oak Brook, Aurora, Joliet, and other communities throughout Chicagoland. Get in touch with us today to get started.
Why Chicago Chooses Our Bankruptcy Practice
Experience Helping People Just Like You
Our legal team has an extensive background guiding clients in situations like yours to debt relief. We understand that there are many reasons one may find themselves suffering financial hardship, whether that be job loss, a medical emergency, unexpected expenses, or other circumstances that result in a heavy debt burden. Rest assured, we’re highly qualified to be in your corner.
We Put Your Best Interests First
Your circumstances are unique to you; your journey to a safe, secure financial future should be, too. When you become our client, our team will handle your case with the level of care and personal attention it deserves. We leverage our seasoned insight to make informed recommendations and achieve the best possible outcome for your bankruptcy case.
Free Consultations and Flexible Payment Plans
We understand that when you’re having financial difficulties, being able to talk to a legal professional to explore your options is essential. We accommodate individuals throughout Oak Brook and beyond by offering free, no-obligation consultations as well as flexible payment plans. With us, peace of mind isn’t just the end goal; it’s how we do business.
Take the First Step Toward Financial Freedom With Our Bankruptcy Lawyers in Oak Brook, IL
When you’re experiencing financial trouble, it may feel like it's you against the world — but with us, you’ll have the guidance and practical tools to successfully and confidently navigate the intricacies of bankruptcy law, filings, and proceedings. Know that you are not alone; when you become our client, you’ll be partnering with experts that are invested in a brighter future for you and your loved ones.
Our comprehensive legal services include drawing up and filing the bankruptcy petition, assessing your available disposable income, and even representing you in bankruptcy court. We’ll be there to protect your interests and keep you informed every step of the way.
Read What Clients Have to Say About Our Bankruptcy Attorneys in Oak Brook
CBC helped a client of mine get a fresh start, I can’t thank them enough!
They helped back in 2017 with my bankruptcy and it was smooth, a question came up just recently and they were more then willing to help out no questions asked!!
Meet Alex Ranjha
Founding Attorney of Our Oak Brook, IL, Bankruptcy Clinic
Alex Ranjha is well-versed in the U.S. Bankruptcy Code and has a wealth of experience handling personal bankruptcy cases. Since our office is committed to helping all clients get the best representation possible, we will take the time to learn about your financial situation and help you take the advantage of the benefits of Chapter 7 or Chapter 13 bankruptcy.
The road ahead may seem intimidating, but with our counsel, you can feel confident about moving forward. Don’t delay — take the first step in working with Alex Ranjha and his team by contacting our office in Oak Brook today.
Types of Bankruptcy Our Practice Specializes In
Our team takes the stress out of bankruptcy by handling all of the legalities involved in the process. From preparing and filing the petition to advocating for you before the bankruptcy trustee and the court, we’ll provide the caliber of representation you need to make everything as thorough, convenient, and favorable as possible.
Chapter 7 Bankruptcy
Also referred to as a straight or liquidation bankruptcy, Chapter 7 bankruptcy can eliminate most of your unsecured debt. This process, however, may involve selling off some of your assets to pay off as much of the debt as you can. In order to file, you must pass a means test, which is designed to determine that you have the means to repay a portion of your debt.
All in all, Chapter 7 bankruptcy makes sense for those who:
- Have little to no disposable income and no way to repay overwhelming debts
- Do not have many assets
- Have a low credit score
Debts that may be discharged include credit card debt, medical bills, past-due utility bills, unsecured personal loans, and more. Our practice in Oak Brook will look closely at your financials to determine if you should file for Chapter 7 bankruptcy or look to other options.
Chapter 13 Bankruptcy
Also referred to as a reorganization bankruptcy or a wage earner’s plan, Chapter 13 bankruptcy enables individuals with a regular income to develop a plan to repay all or part of their debts, typically over the course of three to five years.
Chapter 13 lets you catch up on secured debts — such as your home or your car — while discharging unsecured debts. Among the biggest draws of this type of bankruptcy is that it lets debtors keep their property and catch up on missed mortgage, car, and priority debt payments.
The main difference in eligibility between Chapter 7 and Chapter 13 bankruptcy boils down to income. Our bankruptcy attorneys and paralegalswill work closely with you to devise a repayment plan designed for bankruptcy court and creditor approval.
Clients Review Their Experience with Our Oak Brook Office
"Very respectable and well spoken professionals." Damiano Manzella, 2022