Chapter 13 Bankruptcy

Under Chapter 13 bankruptcy, you will enter in to a repayment plan with your creditors for a period of three to five years. The payments will be set at a level that is manageable under your current circumstances and income level. Chapter 13 is best suited for those who have valuable secured assets that are not covered by Illinois bankruptcy exemptions. If you file under Chapter 13 and can afford the payment plan you can keep all your exempt and non-exempt assets.

Chapter 13 is also a great tool to save your property threatened by an impending foreclosure. chapter 13 can also allow me to remove a wholly unsecured second mortgage off your property. Bring an appraisal to your consult and let's see. Interest will stop accumulating on your credit cards while you are in your chapter 13. And the chapter 13 could lower your interest rate on your automobile. As you can see chapter 13 has many useful qualities. To determine how you could benefit with a chapter 13 filing call the office today.

Bankruptcy Facts

Chapter 7 Bankruptcy

Am I Eligible?