Our Rockford Chapter 13 bankruptcy attorneys want you to better understand what a Chapter 13 bankruptcy is and is not. In the following article, we introduce the basic concepts behind a Chapter 13 bankruptcy.

In short, in Rockford 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.

Read the full article by our Rockford Chapter 13 bankruptcy attorneys explaining the Chapter 13 bankruptcy process.

In this article, our Rockford 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.

Read the full article by our Rockford Chapter 13 bankruptcy attorneys explaining Chapter 13 repayment plans.

In this article, our Rockford bankruptcy legal team explains when it makes sense to file a Chapter 13 bankruptcy rather than a Chapter 7 bankruptcy. We will answer the following questions:

(1) “what is the difference between a Chapter 13 Bankruptcy and a Chapter 7 bankruptcy?”

(2) “when does it make sense to file a Chapter 13 bankruptcy rather than a Chapter 7 bankruptcy?,” and

(3) “what are the eligibility requirements for a Chapter 13 bankruptcy?”

Read the full article by our Rockford Chapter 13 lawyers explaining the difference between Chapter 13 bankruptcy and Chapter 7 bankruptcy.