Our DuPage County Chapter 13 bankruptcy team wants to help you understand what the Chapter 13 process entails in Illinois. In the following article, we outline what the Chapter 13 process looks like from a macro perspective.

In Chapter 13 bankruptcy, the debtor pays off some or all of his or her debt through payment plans over the course of 3 to 5 years. There are typically a few steps included in a Chapter 13 bankruptcy plan:

1. Credit Counseling
2. Filing Your Chapter 13 Petition and Schedules
3. Filing Your Repayment Plan
4. Meeting of the Creditors
5. Discharge

Find out more about these steps in the full article by our DuPage County Chapter 13 bankruptcy attorneys.

Our DuPage County Chapter 13 lawyers are here to help you better understand the repayment plan process in an Illinois Chapter 13 bankruptcy.

There are a lot of aspects that go into determining Chapter 13 bankruptcy repayment plans. There are also different types of creditors under a Chapter 13 bankruptcy, and this article covers what kind of creditors there are and how they are treated differently under this kind of bankruptcy plan.

To find out if Chapter 13 bankruptcy is the right decision for you, read the full article by our DuPage County Chapter 13 bankruptcy attorneys.

In this article, our DuPage County Chapter 13 bankruptcy attorneys explain the differences between Chapter 13 and Chapter 7 bankruptcy.

While Chapter 13 bankruptcy involves a repayment plan where debtors can pay off their debt in 3 to 5 years, Chapter 7 bankruptcy involves using assets as collateral and discharging the debt.

Read the full article by our DuPage County Bankruptcy attorneys to find out more of the difference between the two plans and find out which one would work for you!