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Filing Chapter 13 in Illinois

There are many reasons why filing Chapter 13 bankruptcy to repay your debts may be a preferred option. The process of Chapter 13 is quite different from Chapter 7 and it is important for you to understand the advantages and disadvantages of each form of bankruptcy.

At Edwin L. Feld & Associates, LLC, our lawyers can provide honest answers and advice regarding the steps and procedures required in Chapter 13 bankruptcies. If Chapter 13 is the right option for you, we will guide you through the process.

We have offices convenient to many suburbs in the Chicago area. Call 888-645-4357 to schedule a free initial consultation with an experienced bankruptcy lawyer.


Chicago Debt Reorganization Attorneys

After determining that Chapter 13 is the right form of bankruptcy for your situation, completing mandatory credit counseling and filing all necessary paperwork with the bankruptcy court, there are additional steps for you and your lawyer to undertake. These include:

  • Filing the plan: In Chapter 13, a repayment plan must be filed with the court. This plan must meet certain requirements and our attorneys help design a plan that will meet your needs. Chapter 13 plans typically proceed for three to five years.
  • Plan and confirmation hearing: After meeting with the trustee, the court will hold a hearing on the confirmation of the debtor's plan. Once the plan is confirmed, the debtor will have to begin making the payments set forth in the plan.
  • Making the plan payments: The monthly Chapter 13 payments begin 30 days after the case is filed and continue until the plan has completed.

Once all of the required payments are made under the plan, the trustee will begin to process the debtor's discharge. The discharge means that those creditors subject to the order have been satisfied, and they cannot contact the debtor ever again as those debts have been "wiped-out."

Filing Chapter 13 in Illinois With an Experienced Lawyer

To schedule a free initial consultation with an experienced bankruptcy attorney at Edwin L. Feld & Associates, contact us toll free at 888-645-4357. You may also contact us by e-mail.