Chicago Chapter 13 Bankruptcy Attorneys | Free Bankruptcy Consultation
Chapter 13 bankruptcy involves the payment of a percentage of your debts over a three to five year period and is one of the most effective means of keeping your home or certain assets that you are unwilling to part with. A Chapter 13 bankruptcy is necessary in some cases because a person earns too much income, has unprotected equity in his or her home or has one of many other factors that you can discuss with one of our experienced Chicago bankruptcy attorneys. Call 312.561.5063 to set up a free bankruptcy consultation and we will help you decide whether a Chapter 13 bankruptcy is the right option for you.
A Chapter 13 bankruptcy can stop foreclosure whether you’re days behind on your mortgage or minutes away from the sale of your property. It will also stop repossession of your car, stop wage garnishments, release license suspensions and more. Although you still have to make payments on your car and mortgage, as well as cure any past due car and mortgage payments, it will allow you to pay these debts over a three to five year period without fear of foreclosure, repossession or harassment from creditors. You can walk away from your Chapter 13 bankruptcy current on your debts so that you’re able to make a fresh financial start.
Chapter 13 bankruptcy will also help with your unsecured debt by consolidating your bills into one payment; this can sometimes mean that you only pay pennies on the dollar. The amount you pay will be designed around your budget, so you only pay what you can afford. There are also many other options available if your car or home is undersecured (owing more than the asset is worth). Our experienced Chicago Chapter 13 bankruptcy lawyers will discuss all of these options with you at your free bankruptcy consultation.
Our experienced Chicago Chapter 13 bankruptcy lawyers offer a free bankruptcy consultation and no money down Chapter 13 bankruptcy cases for qualifying clients (except for filing fees and credit counseling as required by the bankruptcy court). Call 312.561.5063 to schedule a free bankruptcy consultation today and find out what a Chapter 13 bankruptcy can do for you.