At The Golding Law Offices, P.C., we know that when you are facing overwhelming debt it can feel like you may never escape. If you need help moving past your financial hardship and getting a fresh start, our dedicated team of Chicago bankruptcy lawyers are ready to help you.
Chapter 13 bankruptcy is best for those individuals who have significant debts but do have the income to potentially repay them over time. It is also an alternative option available to those who were not eligible for Chapter 7 bankruptcy due to income or other factors. With a Chapter 11 bankruptcy filing, the individual's debt is consolidated into a single payment, and a three- to five-year payment plan is negotiated. One of the benefits of this option over Chapter 7 is that none of your assets will be seized and sold to pay your debts. Instead, you are given the time you need to repay your debts a little at a time.
By filing for Chapter 13 bankruptcy, individuals are able to put an end to:
Our skilled and highly experienced team of Chicago Chapter 13 bankruptcy lawyers have been helping families just like yours for 50 combined years. We have a comprehensive understanding of how the system works, and we are here to be your constant advocate as you go through the process of filing for bankruptcy. At The Golding Law Offices, P.C., we understand that these financial struggles are frustrating and scary, but we have helped countless people move past them. We can work with you to regain your financial footing and start fresh!