Lakelaw Email Format

Law PracticeIllinois, United States2-10 Employees

Lakelaw is a small Chicago-based law practice focusing on bankruptcy and related debt matters for individuals and businesses. For fifty years, it has represented clients facing financial difficulties in bankruptcy court and outside of it, handling matters that are substantial in value but too small for the largest firms. The firm does not compete with megafirms, and notes that larger bankruptcy practices commonly refer cases to them.

Its clients include small- and mid-sized businesses with turnover between $1-50 million, as well as individuals such as tradespeople, professionals, entrepreneurs, and property owners facing mortgage foreclosures or a range of debt issues, including student loans, tax obligations, or guaranteed bank debt. The firm handles a broad spectrum of bankruptcy and restructuring matters, including Chapter 11 (Subchapter V), Subchapter Five of Chapter 11, Chapter 7, Chapter 13, assignments for the benefit of creditors, voluntary liquidation outside bankruptcy, and foreclosure or real estate reorganization, as well as debt resolution matters like student loan and tax resolution. The Chicago practice has earned recognition from industry rating services for excellence, including Super Lawyers and Martindale-Hubbell awards in recent years.

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