
Michael Jay Schaller, Bankruptcy Attorney in Chicago, Illinois
Over 51 years of legal practice · focused on Bankruptcy, Business, and Civil Rights · 5.0/5 rating from 1 verified client review
PartneratTaft
Chicago, IL
Practicing bankruptcy in Chicago since 1975.
- 51+
- Years practicing
- 5.0 ★
- 1 client review
- 1
- Bar admission
Are you Michael Jay Schaller?
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Quick answer
Michael Jay Schaller is a partner based in Chicago, IL. The practice focuses on Bankruptcy, Business, and Civil Rights. Michael has over 51 years of legal experience. Currently practicing at Taft. Rated 5.0 out of 5 from 1 client review.
- Based in
- Chicago, IL
- Experience
- over 51 years
- Known for
- Bankruptcy · Business · Civil Rights
- Handles Bankruptcy, Business, and Civil Rights matters from Chicago, IL.
- Over 51 years of practice as a licensed attorney.
- Recognized with AV Preeminent.
About Michael Jay Schaller: Michael Jay Schaller is a partner based in Chicago, IL. The practice focuses on Bankruptcy, Business, and Civil Rights. Michael has over 51 years of legal experience. Currently practicing at Taft. Rated 5.0 out of 5 from 1 client review.
Areas of practice
Legal matters Michael takes on
Michael concentrates on bankruptcy, business, civil rights, creditor rights, and general. Each area below outlines the kind of case Michael handles, typical outcomes to expect, and how the intake process starts.
Bankruptcy
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Business
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Civil Rights
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Creditor Rights
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General
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Government
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Health Care
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M&A
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Bankruptcy cases in Chicago, Illinois
Michael takes bankruptcy matters in Chicago, Illinois. Typical engagements include intake calls to scope the issue, review of any records or filings you already have, and a written strategy memo before Michael agrees to represent you.
Business cases in Chicago, Illinois
Michael takes business matters in Chicago, Illinois. Typical engagements include intake calls to scope the issue, review of any records or filings you already have, and a written strategy memo before Michael agrees to represent you.
Civil Rights cases in Chicago, Illinois
Michael takes civil rights matters in Chicago, Illinois. Typical engagements include intake calls to scope the issue, review of any records or filings you already have, and a written strategy memo before Michael agrees to represent you.
Creditor Rights cases in Chicago, Illinois
Michael takes creditor rights matters in Chicago, Illinois. Typical engagements include intake calls to scope the issue, review of any records or filings you already have, and a written strategy memo before Michael agrees to represent you.
General cases in Chicago, Illinois
Michael takes general matters in Chicago, Illinois. Typical engagements include intake calls to scope the issue, review of any records or filings you already have, and a written strategy memo before Michael agrees to represent you.
Biography
Meet Michael Jay Schaller — bankruptcy lawyer in Chicago
Michael Jay Schaller is a partner based in Chicago, IL. The practice focuses on Bankruptcy, Business, and Civil Rights. Michael has over 51 years of legal experience. Currently practicing at Taft. Rated 5.0 out of 5 from 1 client review.
Michael Jay Schaller is a lawyer practicing corporate governance, business & finance, lending and corporate finance and 12 other areas of law. Michael received a B.S. degree from University of Illinois in 1971, and has been licensed for 51 years. Michael practices at Taft in Chicago, IL.
Working with Michael on a bankruptcy matter
Michael Jay Schaller is a lawyer practicing corporate governance, business & finance, lending and corporate finance and 12 other areas of law. Michael received a B.S. degree from University of Illinois in 1971, and has been licensed for 51 years. Michael practices at Taft in Chicago, IL.
Clients Michael works with
Michael reviews new inquiries case-by-case for bankruptcy, business, and civil rights matters in Chicago and the surrounding Illinois area.
Credentials
Education, bar admissions, and languages
University of Illinois College of Law
J.D. · 1975
University of Illinois
B.S. Accounting · 1971
Jurisdictions
Michael's state bar admissions
Illinois
1975 · ACTIVE
Michael studied at J.D. in University of Illinois College of Law and B.S. Accounting in University of Illinois.
Law school and academic background
Michael completed J.D. in University of Illinois College of Law and B.S. Accounting in University of Illinois. Formal legal training is one signal of substantive knowledge — the day-to-day practice Michael runs in Illinois is where that training gets applied to real client questions.
Recognition
Recognition and thought leadership
Michael has received 1 formal recognition from bar associations, industry bodies, and peer-review services.
AV Preeminent
Legal awards and honors
AV Preeminent.
Locations
Michael Jay Schaller's office in Chicago
Michael's primary office is at 111 East Wacker, Suite 2600, Chicago, IL, 60601-4208. In-person meetings are by appointment; a phone intake usually comes first.
Client feedback
Client reviews of Michael Jay Schaller — 5.0/5 rating from 1 verified client review
Every review below is from a verified client of Michael. Reviews cover communication, case outcome, and value — the three signals that matter most when comparing bankruptcy attorneys in Chicago.
5.0
1 client review
Client ratings are sourced from public records and editorial research. Reviews on LawyersListed are accepted from verified clients once Michael Jay Schaller claims this profile.
Read all reviewsHiring guide
How to hire Michael Jay Schaller — what to expect in your first consultation
Working with a new bankruptcy attorney should feel structured. Here's how the first two conversations with Michael usually go, from the moment you request a consult to the day representation begins.
Consultation formats and pricing
Michael charges for the initial consult. That fee is credited toward representation if you retain Michael's office.
What to bring to your first meeting
Bring any documents you already have — police reports, medical records, filed pleadings, correspondence from an insurer, a copy of the contract at issue. If you're not sure, err on the side of bringing everything; Michael will tell you what matters and what doesn't.
Questions to ask a bankruptcy attorney in Chicago, Illinois
A short list to run through before you commit: How many bankruptcy matters have you handled in the last year? What's your fee structure? Who else in the office will work on this? What's your realistic estimate of timeline and range of outcomes? How do I reach you between meetings?
Fees & payment
Fees, payment methods, and consultation options for Michael
Michael discusses fees during intake so the arrangement fits the matter. Contingency, hourly, and flat-fee options are all common in bankruptcy practice — ask which fits.
Hourly rates, contingency fees, and flat-fee options
Every bankruptcy matter is priced differently. Simple document review might be a flat fee. Injury litigation is often contingency. Complex commercial disputes usually run hourly with a retainer. Michael confirms the model in the engagement letter before any work starts.
Payment methods and payment plans
Michael's office accepts standard payment methods. Ask about payment plans if the retainer is a stretch — many bankruptcy practices work with clients on structured schedules.
Frequently asked
Frequently asked questions about Michael Jay Schaller
How much does it cost to hire Michael for a bankruptcy case?
Cost depends on the type of matter, the fee model (contingency, flat, hourly), and how contested the case becomes. Michael walks through the likely range during the consult so there are no surprises.
Does Michael offer a free consultation?
Michael charges for the initial consult; that fee is credited toward representation if you retain Michael's office. Some bankruptcy attorneys offer free consults — check Michael's current terms during booking.
How long do bankruptcy cases in Illinois typically take?
Simple bankruptcy matters can wrap in a few weeks; disputed cases can run 6–18 months from intake to resolution, longer if the matter goes to trial. Michael gives a realistic estimate for your facts at the consult — vague answers here are a red flag.
Can Michael take my case if I'm outside Chicago?
Michael is licensed in Illinois. Matters governed by Illinois law are the natural fit. Out-of-state matters are handled case-by-case, sometimes with local co-counsel. Ask during intake — Michael will tell you if the case is a fit or refer you to someone closer to your court.
What should I bring to my first meeting with Michael?
Bring every document that touches the dispute: contracts, correspondence, police or medical reports, filed pleadings, invoices, photographs, insurance letters. Also bring a written timeline of what happened, in your own words. Michael will filter what matters — over-preparing at intake is always cheaper than needing a second meeting.
Is Michael accepting new bankruptcy clients right now?
Michael's intake status shifts week to week. Submit the form; the office will confirm availability or refer the matter out.
Areas served
Bankruptcy attorneys serving Chicago, Springfield and Northbrook in Illinois
Michael handles bankruptcy matters throughout Illinois. Each city below is a direct link into the search page for verified bankruptcy attorneys in that community.
More counsel
Other top-rated bankruptcy attorneys in Illinois
If Michael's intake is full or the fit isn't right, these bankruptcy attorneys in Chicago handle similar matters. Every profile below is verified and open to consultations.





