Cohen & Krol

For individuals and businesses across Illinois navigating the complexities of financial distress, finding experienced and reliable legal counsel is paramount. Whether facing overwhelming debt, considering bankruptcy, or seeking to reorganize a business, the legal landscape can be daunting and confusing. In the bustling heart of Chicago, Cohen & Krol stands as a respected law firm specializing in bankruptcy and insolvency matters. This article aims to provide a clear, engaging, and informative overview of Cohen & Krol, shedding light on their expertise and commitment to assisting clients throughout the Illinois region with their most challenging financial situations.

Cohen & Krol is a Chicago-based law firm that brings a focused and serious approach to the intricate world of bankruptcy and insolvency law. The firm is known for its dedication to helping both individuals and businesses find effective solutions to their debt and financial challenges. With a clear understanding that financial difficulties can be incredibly stressful, Cohen & Krol strives to provide not just legal advice, but also strategic guidance and reassurance. Their reputation, as suggested by a client who noted them as "Serious People that get the job done," indicates a practice that prioritizes effective and decisive action to achieve favorable outcomes for their clientele. This commitment to achieving results, coupled with a deep understanding of bankruptcy regulations and procedures, positions them as a key resource for those in Illinois seeking a path toward financial stability.

Cohen & Krol is conveniently located at 105 W Madison St Ste 1100, Chicago, IL 60602, USA. This address places the firm in a prime, easily accessible location within Chicago's vibrant Loop district, a hub for legal and financial services. For residents across Illinois, this central downtown location offers unparalleled accessibility via Chicago's extensive public transportation network. Major CTA 'L' train lines (including the Brown, Green, Orange, Pink, Purple, and Blue lines) and numerous bus routes have stops within a short walking distance of the office. This makes it highly convenient for clients traveling from various neighborhoods within Chicago, as well as those commuting from the surrounding suburbs and other parts of Illinois.

While parking in downtown Chicago can sometimes be a consideration, the firm's central placement often negates the need for private vehicle use due to the robust public transit options. This strategic location ensures that clients can readily attend appointments without significant travel burdens, underscoring the firm's commitment to being available to a wide range of individuals and businesses throughout the state who require their specialized legal services. The professional environment of their 11th-floor office further contributes to a sense of confidence and privacy for clients discussing sensitive financial matters.

Cohen & Krol specializes in bankruptcy and insolvency-related matters, providing comprehensive legal services to both consumers and businesses facing financial distress. While not an exhaustive list, their primary service areas include:

• Consumer Bankruptcy (Chapter 7 and Chapter 13): The firm assists individuals in navigating personal bankruptcy filings. Chapter 7 allows for the liquidation of certain debts to provide a fresh financial start, while Chapter 13 enables individuals with regular income to reorganize their debts into a manageable payment plan over a period of three to five years.

• Business Reorganizations (Chapter 11): For businesses facing financial challenges, Cohen & Krol provides expertise in Chapter 11 bankruptcy, which allows companies to reorganize their debts and operations under court protection, often enabling them to continue operating while developing a repayment plan.

• Business Workouts and Out-of-Court Restructuring: Beyond formal bankruptcy, the firm assists businesses in negotiating with creditors and developing strategies for debt restructuring outside of the courtroom. This can include negotiating payment plans, debt forgiveness, or other arrangements to avoid bankruptcy proceedings.

• Representation for Creditors: While primarily assisting debtors, the firm also represents creditors in bankruptcy proceedings, ensuring their rights are protected and they receive fair treatment in debt repayment or asset distribution.

• Adversary Litigation: In bankruptcy cases, disputes often arise between debtors and creditors or other parties. Cohen & Krol handles adversary proceedings, which are lawsuits filed within the bankruptcy court, to resolve these disputes.

• General Insolvency Related Matters: This umbrella term covers a range of legal issues related to financial distress, including assignments for the benefit of creditors, receiverships, and other alternatives to traditional bankruptcy.

Cohen & Krol stands out through several key features and highlights that underscore their professional approach and dedication to client outcomes, particularly in the complex field of bankruptcy and insolvency law.

• Specialized Expertise in Bankruptcy and Insolvency: The firm's practice is exclusively focused on bankruptcy and insolvency matters. This deep specialization ensures that their attorneys possess a profound understanding of the nuances, regulations, and evolving landscape of debtor-creditor law, providing clients with highly informed and strategic advice. One of their partners, Gina Krol, has served as a private panel bankruptcy trustee, indicating extensive practical experience within the bankruptcy system itself.

• Experienced Leadership: The firm features seasoned attorneys, including Joseph E. Cohen and Gina B. Krol, who are noted as partners. Gina Krol has over two decades of experience representing various parties in workouts and bankruptcy proceedings, including secured and unsecured lenders, creditors, and debtors, and has been a private panel bankruptcy trustee since 1991. This level of experience means clients benefit from a wealth of knowledge and a track record of handling diverse and complex cases.

• Results-Oriented Approach: The client review "Serious People that get the job done" directly reflects the firm's reputation for being effective and decisive in their legal representation. This indicates a focus on achieving tangible results for clients, whether that involves a successful debt discharge, a structured repayment plan, or a business reorganization.

• Comprehensive Service for Consumers and Businesses: Cohen & Krol's ability to serve both individual consumers facing personal bankruptcy and businesses needing complex Chapter 11 reorganizations or out-of-court workouts demonstrates a broad capability within the insolvency field. This versatility makes them a versatile resource for a wide array of financial challenges.

• Recognized Professional Standing: Information available suggests that Gina Krol's role as a bankruptcy trustee and her participation in discussions on national panels concerning bankruptcy underscore the firm's recognition and standing within the legal community specializing in insolvency.

As a professional legal firm specializing in bankruptcy and insolvency, Cohen & Krol does not typically offer promotional discounts or "special offers" in the traditional retail sense. Instead, their value proposition for Illinois residents facing financial hardship centers on providing expert legal guidance aimed at achieving the best possible financial outcome. Their commitment to their clients is demonstrated through their dedication to understanding each unique situation and applying their specialized knowledge to navigate complex legal processes efficiently.

While specific promotions are not publicly advertised, it is common practice for firms like Cohen & Krol to offer an initial consultation. This allows prospective clients to discuss their financial situation with an experienced attorney, understand their legal options (such as Chapter 7, Chapter 13, or business workouts), and determine the most appropriate course of action without an upfront financial commitment for the consultation itself. This initial engagement serves as a valuable "offer" for individuals and businesses seeking clarity and professional advice during financially challenging times. The ultimate "promotion" is the firm's ability to help clients achieve a fresh financial start or successfully restructure their debts, leading to long-term stability.

For individuals and businesses in Illinois seeking legal assistance with bankruptcy or insolvency matters, Cohen & Krol can be contacted directly using the following information:

Address: 105 W Madison St Ste 1100, Chicago, IL 60602, USA

Phone: (312) 368-0300

Mobile Phone: +1 312-368-0300

Located on the 11th floor of a prominent building on West Madison Street, their Chicago office is easily accessible. Utilizing these contact numbers is the most direct way to connect with their team, schedule a consultation, and begin the process of understanding your legal options for debt relief or financial restructuring. Their central location and direct communication channels ensure that individuals and businesses across Illinois can readily access their specialized legal services.

For locals in Illinois grappling with debt or facing the prospect of financial restructuring, Cohen & Krol offers a highly suitable and specialized legal resource. Their central Chicago location provides excellent accessibility via public transportation, making it convenient for individuals and businesses throughout the state to seek their expertise. What truly makes them suitable for locals is their singular focus on bankruptcy and insolvency law, ensuring that clients receive advice from attorneys who are not only experienced but also deeply immersed in this complex area. The firm's reputation for being "Serious People that get the job done" speaks volumes about their commitment to achieving tangible results for their clients, a critical factor when dealing with sensitive financial matters.

Furthermore, the experience of attorneys like Gina Krol, who has served as a bankruptcy trustee, provides an insider's perspective on the bankruptcy system, which can be invaluable for clients navigating these proceedings. Their comprehensive services, catering to both consumer and business needs, mean that whether you are an individual overwhelmed by personal debt or a business seeking to reorganize, Cohen & Krol has the specific knowledge and strategic approach to guide you. For Illinois residents, entrusting their financial challenges to Cohen & Krol means partnering with a firm dedicated to professional, effective, and results-driven legal representation.