Bankruptcy Attorney
Bankruptcy Lawyer Attorney Profiles Common Questions Bankruptcy Evaluation Office Locations

No Money Down on Chapter 13 Cases
For Qualified Wage Earners!
Chapter 7 Bankruptcy from $850

Information Center
Asset Protection
Bankruptcy Overview
Business Bankruptcy
Chapter 13
Chapter 11
Chapter 7
Creditor Harassment & Abuse
Debt Relief Options
Eliminating 2nd Mortgages
Fighting Foreclosure
Means Test
Rebuild Credit
Resources
Taxes & Bankruptcy
Bankruptcy Alternatives
Bankruptcy Exemptions
Bankruptcy Myths
Bankruptcy Process
Bankruptcy Time Line
Benefits of Bankruptcy
Chapter 7 vs. Chapter 13
Filing for Bankruptcy
Is Bankruptcy Right for Me?
Life After Bankruptcy
Why Hire a Bankruptcy Attorney
Will I Lose Anything?
Read our blog

Businesses and Chapter 13

If you own a business and are in danger of financial ruin, you could qualify for Chapter 13 bankruptcy.

To begin, your attorney will file a voluntary petition, a schedule of liabilities and assets, a schedule of income and expenditures, along with other related documents. You must also have access to your last three years of tax filings, proof of meeting the pre-filing credit counseling requirement and proof of income. 

Once you have filed your petition an automatic stay will take place. This temporary injunction prevents creditors from harassing you, stops all credit collections and foreclosure or repossession proceedings. This is a serious legal action that, if violated, could result in you collecting damages from collectors. 

Twenty to forty days after you file the petition, you will be asked to meet with your trustee and creditors. You will be asked to bring your social security card, a photo ID and any additional documents that your trustee requests. Within the next few months, you are expected to create a Chapter 13 bankruptcy reorganization plan.

Contact us to learn more about Chapter 13 by speaking with a Chicago bankruptcy lawyer.

Free Bankruptcy Evaluation
Eliminate Debt & Bills
123 W. Madison Street, Suite 205; Chicago, IL 60602
Attorney Web Design
The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100