If you are having trouble paying your creditors, you may wish to consider filing a Chapter 13, which was designed by the 95th Congress of the United States to get people our of debt without losing their assets.  Chapter 13 is a type of consolidation.  If eligible, you can make reduced bill payments through a court-appointed trustee while a court order stops bill collector harassment, some interest charges, wage deductions by creditors, car and furniture repossessions, and even home foreclosures. 

After your case is filed, creditors are not permitted to call you either at home or at work.  Under Chapter 13, you will not lose your home, car, furniture, or any other possessions provided you make the proper payments. 

The purpose of Chapter 13 is to give you a fresh start.  Here is how it works.  First, we will make a determination to see if you are eligible.  To do this, we will discuss your entire financial situation and figure our what your living expenses are per month for you basic necessities, such a s food, clothing, shelter, transportation, etc.  A monthly payment that you can afford is then worked out, and this amount is sent to the trustee, which can run no longer than 60 months. 

Once your Chapter 13 case is filed, you and your family stop having anything to do with your creditors.  From that point, everything is handled by the court, the trustee, and your attorney.  You should keep in mind that although Chapter 13 does go through the U.S. Bankruptcy Court, it is not straight bankruptcy. 

For more information or to schedule your free consultation, please contact us at (847) 680-1110.  If you prefer, you may fill out the below form and a representative from our office will contact you immediately.