Keep Assets With Chapter 13 Bankruptcy

While many people declaring bankruptcy hope for the immediate relief of Chapter 7 and the immediate discharge of all unsecured debt, it is often either not available to that individual or not in his or her best interest. Each chapter of bankruptcy carries with it consequences and benefits. You need an attorney who has the veteran perspective to guide you to a plan that best meets your needs.

At the Law Office of Bernard J. Natale, Ltd., I have unparalleled skill and understanding of bankruptcy law, and I am committed to providing you the answers you need to select a plan that serves you best. For a free consultation to discuss Chapter 13, contact me online today.

Winnebago County Debt Repayment Attorney Working To Stop Foreclosure

For many people, Chapter 13 bankruptcy can provide the relief they need, allowing them to repay debts in a manageable time frame and keep assets that could have been lost in Chapter 7 bankruptcy.

People commonly choose to pursue Chapter 13 bankruptcy if:

  • They filed for Chapter 7 recently.
  • They earn an income above the allotted threshold.
  • They want to stop foreclosure or get a plan to pay the arrearage to keep their home.
  • They want to protect certain assets they would lose in Chapter 7 bankruptcy.
  • They have debts not dischargeable in Chapter 7 bankruptcy.
  • They owe back child support and wish to consolidate it into the repayment plan.

I will evaluate the value of your assets, as well as any liens against them, to gain a realistic understanding of your financial state. I will explain the Illinois state exemptions that apply and how they will affect your potential bankruptcy. In addition, I will equip you with the information you need to make an educated decision as to whether Chapter 13 bankruptcy works for you. Learn more by reading my Chapter 13 FAQ page.

Speak With A Rockford Chapter 13 Bankruptcy Attorney

If it is advantageous to you, I will assist in lien stripping a second mortgage on your home. I can evaluate whether the second mortgage is secured and any other available options.

To arrange a free initial consultation to discuss the possibility of Chapter 13 bankruptcy and how it might benefit your situation, please call me today at 815-306-4189.