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Directory of bankruptcy lawyers in Bannockburn, Illinois. Verify credentials with the state bar before hiring.
2 attorneys listed
Updated May 2026
Bannockburn, IL
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeAttorney.com. We do not endorse any attorney or guarantee outcomes. Verify licensing and disciplinary status with the State Bar of Illinois before hiring.
Showing 2 bankruptcy lawyers in Bannockburn, IL
Listings are displayed in no particular order and are not ranked by BeforeAttorney. Order does not constitute a recommendation or endorsement of any attorney.
The Law Office of Steven A. Leahy PC
2525 Waukegan Rd Suite 210, Bannockburn, IL 60015
(312) 664-6649 chicagotaxteam.com
Bannockburn Bankruptcy Attorney
2401 Waukegan Rd, Bannockburn, IL 60015
(847) 545-0563
If you live in Bannockburn, Illinois and face overwhelming debt, a bankruptcy lawyer can help you understand your options under federal and state law. Illinois allows debtors to use either federal or state exemptions when filing for bankruptcy, which can protect certain property. A local attorney familiar with Lake County court procedures can guide you through the process and help you decide between Chapter 7 and Chapter 13 bankruptcy.
What Does a Bankruptcy Lawyer in Bannockburn Cost?
In Illinois, the average cost for a Chapter 7 bankruptcy filing ranges from $1,200 to $3,500 in attorney fees, plus a $338 court filing fee. Chapter 13 cases typically cost $3,000 to $6,000 in attorney fees, with a $313 court filing fee. Costs vary based on case complexity, the number of creditors, and whether you file jointly. This is general information and not legal advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by attorney and case complexity. This is not legal advice — consult directly with an attorney for fee specifics.
Frequently Asked Questions
What is the Illinois homestead exemption in bankruptcy?
Illinois law allows you to exempt up to $15,000 of equity in your primary residence, or up to $30,000 for a married couple filing jointly. If you are 65 or older or disabled, the exemption can be higher. This exemption helps protect your home from being sold to pay creditors.
How long does a Chapter 7 bankruptcy take in Bannockburn?
A Chapter 7 bankruptcy typically takes about three to four months from filing to discharge in Illinois. You must complete a credit counseling course before filing and a debtor education course after filing. The automatic stay stops most collection actions immediately upon filing.
Can I keep my car if I file for bankruptcy in Illinois?
Illinois offers a motor vehicle exemption of up to $2,400 for one car. If your car has more equity than the exemption amount, you may need to use other exemptions or pay the trustee the excess value. In Chapter 13, you can keep your car by paying its value through a repayment plan.
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About Our Listings
Attorneys listed on BeforeAttorney.com are compiled from publicly available directories, state bar records, and business listings. Inclusion does not constitute endorsement. We do not verify attorney licensing, disciplinary status, or qualifications. Verify each attorney's current standing with the State Bar of Illinois.