You don’t have to drown in debt forever; Chapter 13 bankruptcy offers a solution for those with a regular income to pay off their debts in a reasonable installment plan. After filing for Chapter 13 bankruptcy, the debtor must propose a plan to repay their creditors as much as possible over a 3-5 year period, and then the remaining debt may be discharged. Andy Draus is a Lombard, IL-based Chapter 13 attorney in Lombard, IL, with over 28 years of experience assisting clients with the process. As your bankruptcy lawyer, he can assess your situation and walk you through your options. If Chapter 13 is right for you, Andy will guide you through the filing process from start to finish.
After a successful Chapter 13 bankruptcy filing, you will make a single monthly payment to a trustee that will be used to repay all of your debts. The amount you pay is determined by how much you can afford to pay. When you work with a Chapter 13 lawyer, they’ll help you put together a budget that will get approved by the Bankruptcy Court. Even if you are paying as much as you can afford, you still may not completely repay your debts within the five-year period you are granted. In most cases, your remaining debts will be discharged, and you will no longer be responsible for them. Attorney Andy Draus can walk you through the process and help you file the complex paperwork involved in Chapter 13 bankruptcy. Contact him today to learn more about Chapter 7 vs. Chapter 13.
Call (630) 705-1700 to speak with a qualified Chapter 13 attorney near Lombard, IL, and discuss your potential options. We would be happy to assess your situation and help you find the best option for your financial recovery.
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The information contained on this website is presented for informational and marketing purposes only and is not to be understood as legal advice. You should consult an attorney for advice respecting your individual needs.Law Offices Of Andrew J. Draus looks forward to speaking with you about your particular needs. Please note, however, that the mere act of contacting our firm does not create an attorney-client relationship. As a result, you should never send any confidential information to our office until a Representation Agreement has been signed by both you and Law Offices Of Andrew J. Draus.