Chapter 13 bankruptcy is for individual debtors in Illinois who cannot meet their financial obligations but do not wish for all their nonexempt assets to be liquidated and want to avoid those assets being foreclosed upon or their wages being garnished.
In a Chapter 13 bankruptcy, the debtor's finances are reorganized and he or she is put on a payment plan. Unlike in a Chapter 7 bankruptcy, the debts are not discharged at the end.
Contact a bankruptcy lawyer in Illinois for legal advice on filing a Chapter 13 Bankruptcy.
NACBA serves the needs of consumer bankruptcy attorneys and works to protect the rights of consumer debtors.
Lawyer Referral Service in Chicago - The Chicago Bar Association sponsors a non-profit Lawyer Referral Service. The public service refers individuals and businesses to local attorneys in Chicago, and the surrounding areas of Cook County, DuPage County, and Lake County, Illinois. More than 300 pre-screened attorneys participate in the Lawyer Referral Service. These attorneys serve on more than 40 different subject matter panels depending on their experience in a particular practice area. The attorneys that participate in the service have an average of 20 years experience.