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

Credit Counseling and Chapter 13 Repayment Plans

Unsure of the difference between debt counseling andChapter 13 repayment plans?

It can be confusing to many who are deciding how to handle their poor finances. If you do not want to file for bankruptcy then utilizing a debt counseling service is a great alternative. They will help you create a plan to back down your debts over time, without having the blemish of bankruptcy appear on your credit record.

While bankruptcy may seem negative it does have its advantages. For example, if you miss a payment then you are protected under Chapter 13 bankruptcy rules, whereas a debt counseling service cannot offer the same protection. Another big difference is that Chapter 13 bankruptcy will often reduce your existing debts while a debt counseling agency will create a plan that forces you to pay off all your debts in full.

In the past few years consumer advocates have raised some concerns about credit counseling agencies that receive their funding from creditors, so be careful who you choose to work with.

Do you have additional questions about bankruptcy? Contact our law office now to set up a consultation with a Chicago bankruptcy attorney.

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