The law firm of Masaru Takiguchi represents individuals and companies seeking protection from lawsuits, foreclosure, garnishment, repossession, and other forms of creditor harassment. We also represent creditors seeking to collect from debtors, including debtors in bankruptcy.

Bankruptcy whether Chapter 7, Chapter 11 or Chapter 13 can be a world-shaking experience.  Our attorneys treat you with respect and will assist you in starting anew.

If you are looking for litigation services, collection law, repossession law, Illinois debtor law, bank repossession, chapter 7 bankruptcy law, chapter 7 bankruptcy form, chapter 13 bankruptcy assistance, bankruptcy real estate, please don't hesitate to contact us, because the sooner you begin, the better it will be.

Illinois Bankruptcy Chapter 7 – Chapter 7 provides for the "liquidation," ( i.e., the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.) One of the experienced bankruptcy attorneys from the law firm of Masaru Takiguchi will discuss alternatives to Chapter 7.  Corporations, Partnerships, and sole proprietorships, may prefer to remain in business and avoid liquidation.

Illinois Bankruptcy Chapter 11 – Chapter 11 provides for reorganization, usually involving a corporation or partnership. (A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.)  One of the services from the law firm of Masaru Takiguchi is to conduct negotiations with creditors and work with you to secure the best outcome.

Illinois Bankruptcy Chapter 13 – Chapter 13 is also known as a wage earner's plan.  This section of the bankruptcy code provides for an court sanctioned adjustment of debt including keeping property and payment of debt over a period of time. Chapter 13 also contains special automatic stays that protects co-debtors, stops most collection actions and foreclosure proceedings as soon as filed.