Crystal Lake (815) 788-9511

Crystal Lake Chapter 13 Bankruptcy Attorney

Helping You Take Control of Your Financial Future

Dealing with overwhelming, debilitating debt can be extremely stressful for you and your entire family. Pair that with constant creditor harassment and the stress of your financial situation can be unbearable. If you are interested in exploring the option of filing for Chapter 13 bankruptcy, the reorganization chapter, turn to The Law Office of Timothy Brown for help. Chapter 13 allows individuals like yourself with sufficient income to restructure debt into affordable payments you can handle. Our Chapter 13 lawyer has a comprehensive understanding of the laws surrounding bankruptcy and can help you address all of your concerns.

Contact us online or call 815-788-9511 for a free review with a Chapter 13 bankruptcy lawyer. We serve Elgin and Crystal Lake.

Determining Eligibility for Chapter 13

In Chapter 7, you have to pass a means test to determine if you are eligible for filing. However, in Chapter 13, there are different qualifying factors. Some of these factors include:

  • You will have to prove that you have a reliable income which will be sufficient to meet the terms of your repayment agreement.
  • Must be current on tax filings
  • Within debt amount limitations

There are many different factors which go into both eligibility and the bankruptcy process, all of which we can help you navigate.

Chapter 13 Repayment Plan

Part of the Chapter 13 Process is to create a plan to repay your creditors. The plan will need to be submitted for court approval and must provide for payments of fixed amounts to the trustee on a regular basis, it may be biweekly or monthly. The trustee then distributes the funds to creditors according to the terms of the plan.

The following types of income may be accepted for a Chapter 13 repayment plan:

  • Property sale proceeds
  • Spousal support
  • Child support
  • Welfare payments
  • Unemployment benefits
  • Workers' compensation
  • Social security benefits
  • Disability benefits
  • Self-employment income
  • Salary or wages from a job

Get a Free Review with a Chapter 13 Bankruptcy Lawyer

At The Law Office of Timothy Brown, we have more than 10 years of experience in the field of bankruptcy law. We have helped families and individuals eliminate excruciating debt through the bankruptcy process. We are here to work closely with you to determine if Chapter 13 bankruptcy is the right solution for you and if so, to guide you through the process.

For counsel in your legal matter reach out to 815-788-9511 to speak with a Chapter 13 Bankruptcy Attorney. We serve Elgin and Crystal Lake.

Contact Me Today

Law Office of Timothy Brown is committed to answering your questions about Debt Relief, Bankruptcy Litigation, Chapter 7, Chapter 13, Creditor Harassment, Debt Collection Defense, and Foreclosure law issues in Illinois.

I'll gladly discuss your case with you at your convenience. Contact me today to schedule an appointment.