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Springfield IL Chapter 13 Bankruptcy Attorneys

Illinois Chapter 13 Bankruptcy Lawyers

Chapter 13 is a good option for people with a regular income who have gotten behind with their financial obligations. Often divorce, career changes, or medical situations can be the source of unexpected and serious debts. If you have fallen behind with your credit card bills or your mortgage payments and are facing foreclosure, chapter 13 bankruptcy might be right for you. Please contact us to schedule an initial consultation to find out about Chapter 13 bankruptcy.

Chapter 13 bankruptcy allows people with significant non-exempt assets -a house, car, boat, or motorcycle - to keep those assets. Chapter 13, or "reorganization," establishes a repayment plan for your debts with the payment amount that takes into consideration your current financial situation and expenses. The repayment plan has a maximum of 5 years. With Chapter 13, many types of personal debts are discharged as part of the bankruptcy law. If you file for bankruptcy it puts your creditors on notice and stops creditor harassment, it can stop foreclosure, and allow you to keep certain types of personal assets.

The first step is for us to gain an understanding of the extent and source of our client's financial obligations and debts. We then perform an analysis of our client's financial obligations to determine whether they qualify for bankruptcy and which type of bankruptcy is best for their situation. If a client does not qualify for Chapter7 bankruptcy under the "means test" analysis then Chapter 13 is often still an option for discharging some types of debt.

For more information on personal bankruptcy, please contact us to discuss your financial situation and find out if bankruptcy is a good option for you. We offer a flat rate for bankruptcy cases.

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

Dees Law Office
1035 South Second Street Springfield, IL 62704
Toll Free: 866-959-3659 :: Phone: 217-718-4412
Fax: 217-528-6837 :: Map and Directions