If you qualify for chapter 13 bankruptcy, our Elmhurst chapter 13 bankruptcy attorneys will use their skills and expert knowledge to ensure you're in the best situation in your repayment plan. Our affordable rates make it so you can handle your bankruptcy without adding more to your financial plate.
Please contact our friendly
Elmhurst Chapter 13 Bankruptcy Attorneys
at our nearest location to schedule a free consultation:
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
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Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.
Elmhurst Chapter 13 bankruptcy lawyer Kevin O'Flaherty discusses the process of filing a chapter 13 bankruptcy including the repayment plan, the confirmation hearing, and discharge of debt.
In Chapter 13 bankruptcy, the debtor pays off all or some of his or her debt through payment plans over the course of 3 to 5 years. There are typically 6 steps as a part of chapter 13 bankruptcy plan:
This Learn About Law episode by our Elmhurst chapter 13 bankruptcy attorneys covers the chapter 13 bankruptcy plans, including different classes of creditors, how each creditor must be treated under the payment plan, and how the length of the payment plan is determined.
Different types of creditors exist under a chapter 13 bankruptcy and many aspects go into determining the bankruptcy repayment plans. This article by our Elmhurst chapter 13 bankruptcy attorneys covers what kind of creditors there are and how they are treated differently under this kind of bankruptcy plan.
This video by our Elmhurst chapter 13 bankruptcy attorney covers the differences between chapter 13 and chapter 7 bankruptcy in Illinois.
Chapter 7 bankruptcy involves using assets as collateral and discharging the debt, but chapter 13 bankruptcy involves a repayment plan where debtors can pay off their debt in 3 to 5 years.