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Asset Protection

Bankruptcy Law

Asset Protection Attorney Chicago

Protecting your assets starts with informed decision-making. At DebtPros, we are committed to empowering our clients with the tools and strategies necessary to shield their hard-earned assets from future risks and liabilities. Asset protection goes beyond mere legalities. It is about fortifying your financial legacy and ensuring that your wealth serves you and your loved ones effectively.

What Is Chicago Asset Protection?

Asset protection refers to the legal process and techniques employed to protect an individual’s or entity’s assets from potential risks, liabilities, or legal claims. The primary goal of asset protection is to preserve wealth and mitigate the impact of unforeseen events that could threaten your financial stability. You can rest easy knowing that you are in safe hands when you have an Illinois asset protection lawyer working to protect your funds.

Why Choose DebtPros to Correct Your Financial Situation?

Proactive Planning

Effective asset protection requires proactive planning. Your Illinois asset protection lawyer at DebtPros will go beyond reactive measures, helping you implement strategies that shield your assets from potential risks and legal challenges. It is our job to stay on top of federal and state laws to protect your hard-earned assets.

Legacy Building

We recognize that your wealth is not just for your enjoyment during your lifetime. It is about leaving a lasting legacy for your family or transferring funds to support the causes you cherish. Our Illinois asset protection attorneys can assist in choosing appropriate legal structures, such as trusts, limited liability companies (LLCs), or family limited partnerships (FLPs), to shield your assets from potential risks.

Comprehensive Protection Strategies

The skilled asset protection attorneys at our law firm understand the unique challenges faced by successful individuals, especially those in professions prone to personal liability lawsuits. We also employ a wide array of strategies available under state laws for estate planning, business succession planning, and protection against creditors, and minimizing tax liabilities. 

Who Needs Asset Protection in Chicago, Illinois?

Asset protection can help any individual protect their legacy from untoward circumstances. However, they are particularly useful for the following categories of individuals:

Business Owners

Asset protection can help shield personal assets from business-related liabilities, lawsuits, or creditors.

Professionals

Professionals such as doctors, lawyers, and financial advisors may be more susceptible to malpractice legal actions. Asset protection measures can be important to protect personal and other assets from potential future lawsuits.

Real Estate Investors

Individuals involved in real estate, whether as investors or property owners, may encounter risks related to property ownership, disputes, or market fluctuations. Our legal team can advise you on estate planning needs while helping you protect your hard-earned wealth.

High Net Worth Individuals

Those with significant wealth may attract more attention and potential legal actions. Asset protection becomes essential for high net worth individuals to preserve their wealth and mitigate the impact of unforeseen events.

Individuals Facing Litigation Threats

If an individual anticipates or is currently involved in litigation, whether personal or business-related, asset protection measures can help shield assets from potential judgments.

Medical Professionals

Healthcare professionals, including doctors and surgeons, may benefit from asset protection due to the higher risk of malpractice lawsuits and legal actions related to their profession.

Individuals Requiring Estate Planning

Many people want to ensure the smooth transfer of assets to heirs while minimizing tax implications. Asset protection experts can play a vital role in helping you take care of your intended legacy.

Business Executives

Executives and officers of companies may face personal liability issues. Asset protection strategies can help insulate personal assets from potential legal actions against the individual’s professional role.

Retirees

Individuals in or approaching retirement may seek asset protection to guard their savings and assets, ensuring a comfortable retirement. It can also help keep the legacy alive for future generations.

Seek the Expertise of Our Chicago Asset Protection Lawyers at DebtPros.

Creating an asset protection plan after a lawsuit has been filed is too late. There is no better time than the present to consult with a Chicago asset protection attorney for establishing an estate plan that shields you from unnecessary losses and tax expenses. By acting now, you protect yourself and your loved ones. You also make sure that your wealth transfer wishes are sheltered for the future.

Don’t leave yourself and your loved ones vulnerable to financial challenges. Schedule a free consultation with experienced asset protection lawyers at DebtPros for fast, affordable, and personalized solutions. Contact us today by filling out our online form or give us a call at (312) 883-5422.

Client Testimonials

What Our Clients Say

I want to start by saying THANK YOU! John was patient, prompt, informative and easy to work with. In our time of need, he helped my parents file for bankruptcy successfully and at a great price. If you are ever in the need of any services concerning your debt and potential bankruptcy litigation, I give my word and experience that John is the BEST in the Chicagoland area.

- Eric McDowell

John was outstanding in the process of my chapter 7. Not only did he keep me abreast of every step and matter that involved my BK but he was reasonable with the price and the time I had to pay him. He sent me places that accepted my Bk when it came to getting a new car as well and his communication was an A+. There was never a time I couldn’t reach him and if he missed my call he would proceed to call back before the day over or early the next day. I recommend him to any and everyone!

- Lamar Johnson

John is a great lawyer to work with. It’s easy to be honest and share things with him. It felt good to communicate with him. When I reach out to him, he is very good at answering the phone or responding when he can. I recommend his work as well. He’s very organized and gets things done. Thank you John.

- JP W

This guy made my experience so smooth I would recommend him to anyone who is thinking about filing for bankruptcy. He is very patient with his clients and Is very informative. Every question I had he answered even if I asked it twice. Highly recommend!!!!!!

- Nikita Nichols

John is very patient, he’s worked with me from start to finish. Always answer my questions and never made me feel like I’m a bother. Never made me feel like I’m a number in his book. He’s very helpful and caring which is why I’d recommend him over any bankruptcy lawyer. Thanks John for all you do.

- Corey Ross

Thank you team DebtPros! The choice to file was not easy, but it was the best decision for my family. John, I appreciate your kindness, thoroughness, and professionalism. I feel like you’ve guided me through this process in a very personable way. Thank you for always being available to chat, and making the experience so efficient and understanding. I can see the silver lining toward a fresh start! Thank you again & Have a wonderful summer. Sincerely, SB.

- Shelly Boyki

I am honored to provide such a financial relief feedback for this amazing blessing whose name is Atty. Wonais. There is so much I could share endlessly about his superb knowledge and service that he offered me as his client. However, I will share what I found to be essential in my financial issues that Atty. Wonais selflessly provided to me as his client; his expertise, his ability of trustworthiness was "everything" oh my goodness he is truly trusting thru the entire process.

- Val B.

I was referred to them, and this has been the best decision I have ever made. I never been this confident in a person like I am with John. He heard my needs and wants, he made it possible to give me that. Excellent customer service. He put all my options on table to fit my needs. He never sugarcoat he gives it to you like it is meaning he’s not rude or unprofessional. He’s that person that tells you what you need and bot what you want. I have referred all my friends and family to his service.

- Nicole Murray

So one night I went online looking for advice on google and John came up and I called him on the weekend late evening and he happened to answered which was awesome. John helped me out with my situation he gave me amazing advice and options on how to take on my problems the right way. John is super easy to talk to Very informative and he answered all my questions.

- Freddy

This office and staff was amazing. I was referred to John from my best friend and as soon as I reached out he was very prompt on getting back to me and helping. From start to finish the process was amazing stress free and straight forward. He stayed in communication no matter what time of the day. If I had a question he had the answer. His tips and tricks and knowledge helped me a lot and made me more comfortable and excited about starting over.

- Kierra Smith

John took me on as a client with no problem. He was very understanding, passionate, helpful and available every step of the way. Trust me I am a very happy client, I definitely recommend John.

- Jessica Burton

John did a wonderful and seamless job with my case-he handled everything properly and was very timely in all of his communication. He is professional and reliable. I would highly recommend him to anyone who may have to deal with a bankruptcy. Five stars!

- Ashley I.

I had a great experience with Wonais Law, LLC. John is very patient and replies right away to any questions or concerns that you have. I would recommend his services to anyone.

- Erika Sing

If I can leave more stars I will. Wonaia Law is highly recommended. John is great with making sure I understand everything that was going on, I really appreciate how he’s always there to answer any questions I have ... My chapter 7 is just about over and I have 2nd chance with living life debt free.

- Tiffany Austin

John Wonais is responsive, professional, and cares for his clients. He is extremely experienced in civil litigation and has answered all of my questions in a way that I can understand as someone with zero experience in law. He has gone above and beyond and has always made sure to follow up with me when I’ve needed it. I truly feel that he has my best interest at heart.

- Ariana Khosravani

I really wanna give a big thanks to John he helped me out a lot. He walked me through everything to make sure I understand, good quality. I don’t think I could of did it without him ?

- Twona Gibson

He gave an expert and advise and a great service. He went all out to be sure I got a solution to the issue I had.

- Betty Salami

I want to thank John for helping me win my case he was very helpful throughout the process and very professional, thanks again.

- Diana M.

I was very impressed on how quickly I was responded to, and how my lawyer John made everything so easy for me to understand. I have never had to hire a lawyer before, and I'm really glad that I met such a professional, and honest person. I would highly recommended.

- Angela Mata

DebtPros is a law firm that specializes in consumer bankruptcy. John has years of valuable experience and is dedicated to helping clients file for bankruptcy. John is responsive and provides a free consultation to prospective clients. I recommend this firm to anyone who is considering filing for bankruptcy.

- Taylor Kosla

John Wonais provided me with timely and beneficial legal counsel. I would trust his firm to represent me in any creditor-related case. John's professionalism and expertise are second-to-none; highly recommend his services.

- Richard Young

Very helpful, professional and they’re reasonably priced.

- Anthony Brown

Great Professional Service- I have been working with Wonais Law the past couple weeks and I have been blown away from their attention to detail and professionalism. They get work done quickly and are extremely responsive. I would recommend this firm to everyone needing legal services.

- Andres Jara

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