Thomas V. Askounis, Bankruptcy Attorney in Chicago, Illinois
Over 51 years of legal practice · focused on Bankruptcy, Business, and General · 5.0/5 rating from 1 verified client review
ShareholderatAskounis & Darcy, PC
Chicago, IL
Practicing bankruptcy in Chicago since 1975.
- 51+
- Years practicing
- 5.0 ★
- 1 client review
- 8
- Bar admissions
Practices in
Are you Thomas V. Askounis?
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Quick answer
Thomas V. Askounis is a shareholder based in Chicago, IL. The practice focuses on Bankruptcy, Business, and General. Thomas has over 51 years of legal experience. Currently practicing at Askounis & Darcy, PC. Rated 5.0 out of 5 from 1 client review.
- Based in
- Chicago, IL
- Experience
- over 51 years
- Known for
- Bankruptcy · Business · General
- Handles Bankruptcy, Business, and General matters from Chicago, IL.
- Over 51 years of practice as a licensed attorney.
- Recognized with AV Preeminent.
About Thomas V. Askounis: Thomas V. Askounis is a shareholder based in Chicago, IL. The practice focuses on Bankruptcy, Business, and General. Thomas has over 51 years of legal experience. Currently practicing at Askounis & Darcy, PC. Rated 5.0 out of 5 from 1 client review.
Areas of practice
Practice areas handled by Thomas V. Askounis
Thomas concentrates on bankruptcy, business, general, and real estate. Each area below outlines the kind of case Thomas handles, typical outcomes to expect, and how the intake process starts.
Bankruptcy
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Business
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General
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Real Estate
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Bankruptcy cases in Chicago, Illinois
Thomas 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 Thomas agrees to represent you.
Business cases in Chicago, Illinois
Thomas 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 Thomas agrees to represent you.
General cases in Chicago, Illinois
Thomas 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 Thomas agrees to represent you.
Real Estate cases in Chicago, Illinois
Thomas takes real estate 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 Thomas agrees to represent you.
Biography
About Thomas V. Askounis — Over 51 years of Illinois bankruptcy experience
Thomas V. Askounis is a shareholder based in Chicago, IL. The practice focuses on Bankruptcy, Business, and General. Thomas has over 51 years of legal experience. Currently practicing at Askounis & Darcy, PC. Rated 5.0 out of 5 from 1 client review.
Mr. Thomas V. Askounis is a lawyer practicing bankruptcy workouts and litigation, commercial transactions, real estate and 3 other areas of law. Thomas received a B.A. degree from Northwestern University in 1972, and has been licensed for 51 years. Thomas practices at Askounis & Darcy, PC in Chicago, IL.
How Thomas handles bankruptcy matters
Mr. Thomas V. Askounis is a lawyer practicing bankruptcy workouts and litigation, commercial transactions, real estate and 3 other areas of law. Thomas received a B.A. degree from Northwestern University in 1972, and has been licensed for 51 years. Thomas practices at Askounis & Darcy, PC in Chicago, IL.
The kind of cases Thomas takes
Thomas reviews new inquiries case-by-case for bankruptcy, business, and general matters in Chicago and the surrounding Illinois area.
Credentials
Thomas V. Askounis's legal education and bar admissions
Vanderbilt University
J.D. · 1975
Northwestern University
B.A. · 1972
Jurisdictions
Thomas's state bar admissions
U.S. District Court,
2006 · ACTIVE
U.S. District Court,
2004 · ACTIVE
U.S. District Court,
2001 · ACTIVE
U.S. District Court,
1994 · ACTIVE
U.S. District Court,
1993 · ACTIVE
Tennessee
1986 · ACTIVE
U.S. District Court,
1976 · ACTIVE
Illinois
1975 · ACTIVE
Thomas studied at J.D. in Vanderbilt University and B.A. in Northwestern University.
Law school and academic background
Thomas completed J.D. in Vanderbilt University and B.A. in Northwestern University. Formal legal training is one signal of substantive knowledge — the day-to-day practice Thomas runs in Illinois is where that training gets applied to real client questions.
Recognition
Awards, publications, and recognition of Thomas V. Askounis
Thomas has received 1 formal recognition from bar associations, industry bodies, and peer-review services.
AV Preeminent
Legal awards and honors
AV Preeminent.
Locations
Thomas V. Askounis's office in Chicago
Thomas's primary office is at 444 N. Michigan Ave., Ste. 3270, Chicago, IL, 60611. In-person meetings are by appointment; a phone intake usually comes first.
Client feedback
Client reviews of Thomas V. Askounis — 5.0/5 rating from 1 verified client review
Every review below is from a verified client of Thomas. 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 Thomas V. Askounis claims this profile.
Read all reviewsHiring guide
How to hire Thomas V. Askounis — what to expect in your first consultation
Working with a new bankruptcy attorney should feel structured. Here's how the first two conversations with Thomas usually go, from the moment you request a consult to the day representation begins.
Consultation formats and pricing
Thomas charges for the initial consult. That fee is credited toward representation if you retain Thomas'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; Thomas 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 Thomas
Thomas 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. Thomas confirms the model in the engagement letter before any work starts.
Payment methods and payment plans
Thomas'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 Thomas V. Askounis
How much does it cost to hire Thomas for a bankruptcy case?
Cost depends on the type of matter, the fee model (contingency, flat, hourly), and how contested the case becomes. Thomas walks through the likely range during the consult so there are no surprises.
Does Thomas offer a free consultation?
Thomas charges for the initial consult; that fee is credited toward representation if you retain Thomas's office. Some bankruptcy attorneys offer free consults — check Thomas'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. Thomas gives a realistic estimate for your facts at the consult — vague answers here are a red flag.
Can Thomas take my case if I'm outside Chicago?
Thomas 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 — Thomas 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 Thomas?
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. Thomas will filter what matters — over-preparing at intake is always cheaper than needing a second meeting.
Is Thomas accepting new bankruptcy clients right now?
Thomas'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
Thomas 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 Thomas'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.





