CHAPTER 13 BANKRUPTCY
Chapter 13 bankruptcy is an effective tool for those who may not qualify for Chapter 7. Chapter 13 is a debt consolidation and repayment program which is supervised by the bankruptcy court and a trustee. In a nutshell, you pay a court appointed trustee a monthly payment and the trustee will divide the payments between your creditors. Your monthly payment is the amount you have left at the end of the month, after you pay for all of your normal monthly necessities. These payments can be spread out over the next three to five years, which makes it a lot easier to manage. You get relief from your creditors. They can't call you or send you letters. As long as you propose a realistic and fair repayment plan and you make consistent payments, your creditors can't do anything! Call us today at 1-312-346-7400 to learn how a Chapter 13 can help you.
|STOP FORECLOSURE WHEN YOUR LOAN MODIFICATION DOES NOT WORK|
Foreclosure is one of the leading reasons to file Chapter 13 bankruptcy. The lawyers of the Chicago Bankruptcy Network have stopped hundreds of foreclosures for their clients.
Our clients fell behind on their payments due to illness, temporary loss of a job or other income and divorce just to name a few. Often, these mortgage companies do not care why you are falling behind, how many mouths you have to feed or that you have any other bills.
They just want your money. Our clients just needed time to get back on their feet, but the banks were relentless and filed for foreclosure. With a little work and guidance, these individuals were able to overcome these adversities and filed a Chapter 13 with the attorneys from the Chicago Bankruptcy Network. These attorneys filed bankruptcy plans designed to help their clients catch up on their mortgage payments over a three year period, which kept the roof over their heads, food on the table and hope in their hearts. Our network of attorneys have bought their clients the time that they needed to save their homes. Call us today for a free consultation with a Chicago Bankruptcy Network attorney near you.
The lawyers from the Chicago Bankruptcy Network are aggressive, and have successfully represented Chapter 13 clients who were able to discharge their debts by having to pay as low as only ten cents on every dollar of debt they had, often with no interest!! This can save you thousands and thousands of dollars every year. This money is better used for your children’s education, for the down payment of a home, or for your retirement.
CHAPTER 13 BENEFITS
There are many benefits that may be available to you when filing Chapter 13:
|* Stop foreclosure|
* Stop repossession
* Stop creditors from suing you
* Stop the freeze on your bank account
* Stop utility shut off and re-establish service
* Stop license suspension for unpaid tickets
* Discharge thousands of dollars of debt
* Discharge certain tax liability
* Discharge obligation for cosigned debt
* Discharge unemployment and public aid
* Remove judicial & tax liens on your home
* Save money on your car
* Lower your interest rate on financed items
* Discounted Rate to pay back debt
* Easy payments by payroll deductions
When you hire an attorney from the Chicago Bankruptcy Network, they will do more than just file your case and wish you the best. They will sit down with you one on one to assess your financial situation. They will educate you on the bankruptcy process; teach you all of the steps involved and provide you with guidance on how to complete your case successfully. Your Chapter 13 Bankruptcy attorney will develop a plan to eliminate your debt, while protecting your assets. The Chapter 13 is designed so that you are able to keep your belongings. It protects the equity in your home you have worked hard to build. Your chapter 13 bankruptcy lawyer will use the Illinois exemptions to protect those assets so you do not have to worry. You will not lose any assets when you file Chapter 13. You need to maintain regular plan payments and mortgage payments and you will be set. Your attorney will work with you for the duration of the case should you have a change of circumstances down the line. Pick up the phone or send them an email. They will be happy to speak with you throughout your whole case. Comfort and security are what they offer, and they do it with compassion. Just another benefit of using a Chicago Bankruptcy Network sponsor attorney.
Our attorneys have developed relationships with various local lenders so they can assist you in helping to sell or refinance your home should you desire to during your case. It is important to have an attorney who will be there for you, especially when the chips are down. Our network of attorneys are aggressive, fighting to get you the relief you need, yet compassionate to your needs since this is often a very trying and stressful time for you and your family.
Our Chicago Bankruptcy attorneys offer quality legal services with a personal touch.
Call us today at 312-346-7400
FOR A FREE CONSULTATION WITH A CHICAGO BANKRUPTCY NETWORK ATTORNEY, CALL NOW 1-312-346-7400