A chapter 13 can cure your mortgage default, get you a better deal on most financed items, including cars, and can discharge your unsecured debts, often at pennies on the dollar!
The bankruptcy code gives debtors who ran into a rough patch the ability to right the ship and get back on track with a chapter 13 repayment plan. The plan focuses on the value of assets, and your current monthly disposable income to create the repayment plan. The plan usually runs for 36-60 months in most cases, and debtors are usually debt free at the end (aside from the regular mortgage payment, ongoing child support and student loans).
If you are in Illinois, call Leeders & Associates today at 312-427-7400 to get information on chapter 13. We offer free consultations and roll much of our fees into the repayment plan too!
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10 comments:
Its true, we deal with cases like this all day long.
You have done a great analysis.
Your chapter 13 law analysis is very thorough. Too often consumers don't seek the advice of a chapter 13 lawyer. It's better to get informed and get advice from a professional before foreclosure is the only option.
There is always a suitable way to go about bankruptcy cases for potential clients. Proper assessment is important in making sure that the right chapter is filed. Legal and financial guidance is a must.
you are right, Chapter 13 bankruptcy was designed to stop foreclosure and may provide you with the protection and relief you need to stay in your home and catch up on your past-due debts.
Great work..thanks for sharing..Keep it up!
This is why I am sure glad that there are bankruptcy lawyers in utah!
I truly like to reading your post. Thank you so much for taking the time to share such a nice information.
This is a great article. My Edmonton bankruptcy lawyer actually told us about these options to stop foreclosure. I'm sure there are many people who would benefit from this information, too. Thanks for posting this!
These days it seems that many Americans are struggling in this poor economy and are looking for ways to escape unmanageable debt. For those in this position a Chapter 7 Bankruptcy, or fresh start bankruptcy as it is often referred to, may be the smartest choice to avoid financial ruin and possibly lose everything. Bankruptcy was created by Congress to allow honest hard working individuals a way out of insurmountable debt.
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