If you qualify for chapter 13 bankruptcy, our qualified Tinley Park chapter 13 bankruptcy attorneys can help you figure out your repayment plan and put you in the best financial situation. We offer affordable rates so you can get the bankruptcy help you need without adding to your financial situation.
Please contact our friendly
Tinley Park 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.
In this episode of Learn About Law, 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 some or all 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:
Tinley Park chapter 13 bankruptcy 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.
There are a lot of aspects that go into determining the 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.
This video covers the differences between chapter 13 and chapter 7 bankruptcy in Illinois.
Chapter 13 bankruptcy involves a repayment plan where debtors can pay off their debt in 3 to 5 years, while Chapter 7 bankruptcy involves using assets as collateral and discharging the debt.
Read the full article by our Tinley Park Bankruptcy attorneys to find out more of the difference between the two plans and find out which one would work for you!