Gomberg, Sharfman, Gold and Ostler, P.C.

Gomberg, Sharfman, Gold and Ostler, P.C. from Chicago Illinois works as Bankruptcy Lawyers, Civil Law Attorneys, and Collection Lawyers. Feel free to contact us at the following contact information.

208 South La Salle Street Suite 1200 Chicago Illinois, 60604
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(312)332-6194

(312)332-4083

www.lawyers.com/gsgolaw

gsgo(at)gsgolaw.com

Last updated 2023-06-04

Specialties of Gomberg, Sharfman, Gold and Ostler, P.C.:

Bankruptcy Lawyers
Civil Law Attorneys
Collection Lawyers

Bankruptcy Lawyers: Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors.The philosophy behind the law is to allow the debtor to make a fresh start, not to be punished for inability to pay debts. Bankruptcy law allows certain debtors to be discharged of the financial obligations they have accumulated, after their assets are distributed, even if their debts have not been paid in full. Some bankruptcy proceedings allow a debtor to stay in business and use business income to pay his or her debts.

Civil Law Attorneys: Many states in the world have comprehensive legal systems called civil law jurisdictions, largely inspired by Roman law, the primary feature of which was that laws were written into a collection; codified, and not determined, as is common law, by judges. Germany and France sustained the bridge between Roman law and civil law (old French law book cover pictured). Civil law jurisdictions purport to provide all citizens with an accessible and written collection of the laws which apply to them and which judges must follow.

Collection Lawyers: Debt collection is the process of pursing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. There are many types of collection agencies. First-party agencies are often subsidiaries of the original company the debt is owed to. Third-party agencies are separate companies contracted by a company to collect debts on their behalf for a fee. Debt buyers purchase the debt at a percentage of its value, then attempt to collect it. Each country has its own rules and regulations regarding them.

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Gomberg, Sharfman, Gold and Ostler, P.C.

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