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Will My Retirement Account Be Taken in Bankruptcy?

Are you swimming in debt? Do you believe that Chapter 7 is the right option for you? Are you worried that you will not qualify? Before you despair, talk to an experienced bankruptcy attorney. Our attorneys will help to analyze your debt and guide you through your options.

Our attorneys at Sulaiman Law Group, LTD, provide our clients with experienced, knowledgeable legal advice. We are aggressive in pursuing the kinds of resolutions you need and are dedicated to alleviating our clients of burdensome debt. Let us use the law for your benefit. We are located in Oak Brook, Illinois, and serve a broad range of clients in Chicago and the surrounding areas.

Contact a bankruptcy attorney to discuss how your assets will be handled in a Chapter 7, Chapter 13 or Chapter 20 bankruptcy. Call us at 630-413-9054.

What Happens to My Retirement Accounts?

One of the main concerns that older individuals have when faced with bankruptcy is what will happen to my retirement accounts if I become bankrupt? We are pleased to tell you that your retirement accounts are protected in the event that you file for bankruptcy.

My Income Is Too High for Chapter 7 Bankruptcy

To qualify for bankruptcy, you need to have a low enough disposable monthly income. In some cases, individuals might have difficulty qualifying for a Chapter 7 bankruptcy, which may be more advantageous because it offers a chance to wipe away debt. It is important to understand that money that is put into your retirement count is not considered when determining eligibility for Chapter 7 bankruptcy. In addition, putting more money in your retirement account is beneficial because it allows for a more secure future.

The means test is generally used to determine if an individual qualifies for Chapter 7 bankruptcy. However, it is important to note that in some cases you do not have to qualify. In some cases you may make a very high salary and may still qualify for Chapter 7 bankruptcy. To learn more about how this is possible, you need to speak with one of our experienced attorneys.

Contact a Bankruptcy Lawyer

If you are interested in filing for bankruptcy as a solution to your mounting debt, it is important that you speak with an experienced and knowledgeable attorney. We will guide you through the process, helping you every step of the way. Contact us online or by calling us at 630-413-9054.

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I couldn't have prayed for a better law firm than Sulaiman Law Group. I found your team to be congenial, professional and consistently available throughout the process. I only wish I had found you sooner. I will highly recommend your firm to any and everyone!

Wow. An honest, ethical attorney who actually cares about people. I know, how can that be. Well, you need to talk to Ahmad Sulaiman to find out.

He has literally saved my life; and, that is not a metaphor. His office has fought for me where few firms in the country could have had any success; and, I am able to look forward with some hope.

You can be certain that, if you are not an attorney, whatever you THINK you know about the law, you are probably GUARANTEED to be completely wrong in your assessment. Consult with an attorney who actually cares, tempered with being brilliant.

I could not be in better hands; and, words do not describe how differently my life would have been had I not met Ahmad Sulaiman. It was literally an answer to a prayer. By Glen S

Ahmad is a real gem in the legal profession. I strongly recommend him.

Mr. Mohammed Badwan is an excellent, sincere and knowledgeable attorney. He is always on top of negotiations with creditors and gets back to you promptly to give you any updates.. He makes you feel very comfortable and stays with you as a good legal advisor through the entire process.

As a healthcare professional and business owner myself, I am very sensitive to the minute details with the quality of overall service- work ethics, professionalism and the team effort put in to achieve client's goals and satisfaction. I will give this group an A+ and wish them success and bright future. Keep up the good work....

Sulaiman Law Group is an outstanding law firm. It is unique in a way that its philosophy is in getting the job done without making things complicated. Most lawyers like to make your matters sound more complex than they are, and that's where they justify their high costs. The entire team at this firm is very compassionate, responsive, courteous and efficient. Everyone is extremely professional and respectful, and treat you like family.

This firm is a rare find in legal field. We are delighted to have found them and would whole heartedly recommend them.

Sulaiman Law Group, LTD
900 Jorie Boulevard , Suite 150
Oak Brook IL 60523
Oak Brook Law Office

Phone: 877-900-9298
Phone: 630-413-9054
Fax: 630-575-8188

At the Sulaiman Law Group, LTD, we represent clients from Chicago, Illinois, and throughout the surrounding region, including Oak Brook, Wheaton, Downers Grove, Hinsdale, Oak Park, Elmhurst, Lombard, Villa Park, Lagrange, Westmont, Melrose Park, Naperville, Joliet, Orland Park, Cicero, Carol Stream, Schaumburg, Berwyn, Aurora, Bolingbrook, Cook County, Dupage County, Will County, Lake County, Kendall County, Kane County and throughout Chicagoland.