When Debt Becomes a Crisis,
Experience Makes the Difference.
Confidential consultations. Discreet, professional counsel. More than 50 years guiding individuals and businesses through financial challenges.
I’m an Individual
Explore tools for personal debt relief, Chapter 7, and Chapter 13.
Explore Options →
I’m a Business Owner
Explore restructuring, Chapter 11, and Subchapter V options.
Explore Options →
- 312-662-5750
Super Lawyers 15 Yrs · AV Preeminent · Chambers 2026 · Lawdragon 500
FOR INDIVIDUALS
Take Control of Your Financial Future
Use our free, exclusive, confidential tools we built for you.
Learn your options - then call us when you are ready.
Means Test Calculator
See if you qualify for Chapter 7 using current income data and IRS expense standards.
Take the Test →
Eligibility Quiz
Answer a few questions to find out which chapter — 7, 13, or 11 — fits your situation.
Start the Quiz →
Liquidation Analysis
See what you'd keep in a Chapter 7 case under Illinois exemptions.
Run Analysis →
FOR BUSINESSES
Restructure. Reorganize. Recover.
We represent businesses with $1–50M in turnover — the cases too complex for generalists, too small for mega-firms.
◆ Chapter 11 Reorganization
Comprehensive restructuring for businesses that need to renegotiate debts, leases, and contracts while continuing operations.
◆ Subchapter V
Streamlined reorganization for small businesses — faster, less expensive, and designed to keep owners in control.
◆ Creditor Negotiations
Out-of-court workouts, forbearance agreements, and settlements with SBA, EIDL, and commercial lenders.
◆ Orderly Liquidation
When winding down is the best path, we manage assignments for the benefit of creditors and Chapter 7 business cases.
Ready to Talk?
Every conversation is confidential. Speak with a real lawyer — not a bot or assistant.
You may never need us — but someone you know might. Financial advisors, accountants, and trusted friends refer clients to Lakelaw when someone they care about needs a steady hand.
Cases Handled
Years in Practice
Client Testimonials
The best gift we can receive from our clients is their referrals and testimonials. We are grateful for the many kind words they have consented to share with you here.
