A Chapter 13 bankruptcy may allow you to stop creditors from seeking to collect while you pay off some or all of your debt over 3 to 5 years. Our Illinois Chapter 13 bankruptcy attorneys will help explore and educate you on all of your debt options, giving you experienced counsel at affordable rates.
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Illinois Chapter 13 Bankruptcy Attorneys
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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.
Our Illinois Chapter 13 bankruptcy attorneys want you to better understand what a Chapter 13 bankruptcy is and what it is not. In the following article, we go over what you should consider when looking to file a Chapter 13 bankruptcy.
In short, in Illinois Chapter 13 bankruptcy, the debtor pays off some or all of his or her debt through a payment plan over the course of either 3 or 5 years.
In this article, our Illinois bankruptcy legal team helps you understand how Chapter 13 bankruptcy repayment plans work. We define the different classes of creditors, explain how each class of creditor must be treated under the repayment plan, and explain how the length of the repayment plan is determined.