Chapter 13 Bankruptcy Lawyers

Chapter 13 Bankruptcy: Reorganization or Consolidation Bankruptcy

People who do not qualify for Chapter 7 bankruptcy, or have non-dischargeable debt, often turn to Chapter 13 bankruptcy to alleviate their debt. Chapter 13 bankruptcy, also referred to as “reorganization,” allows people to keep their assets by consolidating all of their debt and restructuring it into an affordable monthly payment plan.

If you file for Chapter 13 bankruptcy, all of your debt will be consolidated to be paid over time.  A reorganization plan is filed and approved by the court. Chapter 13 bankruptcy is a great option for people who are in foreclosure, behind on their car payments or have non-dischargeable debts.

It’s important to realize that Chapter 13 bankruptcy does not completely eliminate your debt. You will still be required to pay off a portion or all of your debts, which is the purpose of the structured payment plan.  Fortunately, the amount you pay towards your debt every month will be based on your monthly income, current monthly expenses, and any non-exempt assets. After you have finished making all of your payments, your remaining unpaid debt will be discharged. And the best part of all is that you get to keep your assets during the repayment process!

Contact Chicago Chapter 13 Bankruptcy Attorneys

No one deserves to suffer from stress and anxiety due to inescapable amounts of debt. If you have mounting financial debt and need to file for Chapter 13 bankruptcy, we can help you take the appropriate legal action to get the bankruptcy process started. Throughout our careers as Chicago Chapter 13 bankruptcy lawyers we have handled thousands of bankruptcy cases, and we are very knowledgeable in regards to the bankruptcy laws and procedures in the United States and Illinois. When you retain our legal services, we will provide you with the professional advice and guidance you need to successfully file for Chapter 13 bankruptcy in order to alleviate your financial burdens. We will review your financial situation, discuss your concerns, and answer any and all questions you may have. After you have successfully filed for Chapter 13 bankruptcy, you will feel so much better knowing your debt is being repaid, and that you are free to move forward in your life without the burden of unpaid debts weighing you down.

For legal assistance regarding your Chicago Chapter 13 Bankruptcy, Contact the Law Offices of Swanson & Wagman LLC at (312) 666-7882! we are here to help you get the financial relief you not only need, but more importantly deserve!  Lose Your Debt Not Your Dignity!