Are Your Debts Ruining Your Life?

Chapter 13 Helps You Protect Your Assets

If you have the financial means and the desire to repay your debts, Chapter 13 personal debt relief or debt reorganization may be the bankruptcy option for you. Chapter 13 may be available to help you consolidate your debt while keeping assets that might otherwise be lost by a repossession or other collection activity.

Chapter 13 is a repayment plan that allows you to reorganize your debts while under the protection of the Bankruptcy Court. Chapter 13 provides a way to repay loans that may be in default or with delinquent payments. It can allow you up to five years to repay mortgage arrears or car loans. It is often chosen by people who may be ineligible for Chapter 7 or who need to protect property from foreclosure or other collection activity.

Chapter 13 Bankruptcy Can Help You:

  • Stop creditor harassment
  • Stop foreclosure
  • Prevent repossession
  • Stop wage garnishment
  • Establish a debt consolidation and debt repayment plan

Chapter 13 bankruptcy filing is appropriate for debt consolidation, debt relief and small business reorganization. The filing requires a repayment plan that may last up to five years, and our firm can help you develop a Chapter 13 plan that you can live with and afford. It critical that your plan be viable, as missing a monthly payment can lead to a dismissal. Our lawyer will explain how the plan works so you can be successful.

Stop Foreclosure And Repossession

At the Bankruptcy Clinic, attorney Gary C. Flanders will work with you to help you determine whether Chapter 13 is your best option, and how the bankruptcy laws apply to your Chapter 13 bankruptcy and debt reorganization case.

Free Bankruptcy Consultation In Rockford

Contact us at the Bankruptcy Clinic, at 815-962-7084 or send us an email to discuss your financial situation to determine whether Chapter 7 personal bankruptcy or Chapter 13 debt reorganization or debt consolidation is best for you.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code throughout Northern Illinois.