Keep Your Assets with Chapter 13

Are you in danger of losing your home or car due to unpaid bills? If so, you may be an eligible candidate for Chapter 13 bankruptcy.

Unlike Chapter 7 bankruptcy, you will not be asked to sell of your assets in order to pay your debts. Instead, under Chapter 13 bankruptcy protection, you will be asked to draft a repayment plan that generally allows you to keep your home, car and other assets, all while paying off your bills over a period of three to five years.

Based on your debts and income, you will need to draft a repayment plan that shows a bankruptcy judge how you intend to pay back your debts. In order to accomplish this, you should consider hiring a Chicago Chapter 13 bankruptcy attorney who can walk you through the process.

Not only are the laws of Chapter 13 bankruptcy complicated, but just going through your finances can be a headache when done alone. With an experienced attorney by your side, you can create a repayment plan that gives you more flexibility when paying bills, all while staying within your current budget.

To get the help you need with your bankruptcy filing, don't wait to contact Bizar & Doyle, LLC!