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

Paying Off Your Debt via Chapter 13

If you are considering Chapter 13 bankruptcy, you may be wondering how long it will take to pay off your debts.

While there is no exact formula for determining the length of time required to pay off debts, you will generally be given three to five years to do so. The amount of time will be determined by how much money you have left over after taking care of your necessary expenses; the remaining amount will be paid off in monthly installments.

You will work with your bankruptcy trustee to determine your payment amount, and then you will be obligated to stick to it for the duration of your payment period. If you are able to make all of your payments, the remaining debts will be discharged. In addition to your bankruptcy payments, you must also make any additional payments that you were previously making to other creditors. These include items like mortgage and automobile loan payments.

If you're filing for Chapter 13 in Illinois, contact our law office now to set up a consultation with a Chicago bankruptcy attorney that can help.

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