Keep Assets With Chapter 13 Bankruptcy

Chapter 13 is different. Unlike Chapter 7, it does not provide immediate discharge of all unsecured debt, but it does allow you to keep significant assets, like a home or vehicle. It can also help you to deal with mortgage arrears. When deciding which type of bankruptcy to file, you want to work with an attorney who has the experience to help you choose a plan that best meets your needs.

40 Years Of Experience With Bankruptcy

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

How A Chapter 13 Bankruptcy Can Help You

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 Help You Understand How Your Bankruptcy Will Work

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.

In some cases, I can assist with lien stripping a second mortgage on your home. I can help determine if the second mortgage is unsecured and any other available options that may eliminate this burdensome debt.

Call To Speak With A Bankruptcy Attorney Today

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.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.