Crystal Lake (815) 788-9511

Huntley Bankruptcy Lawyer

Getting Out of Debt Doesn't Have to Be Difficult

Many people struggle with overwhelming debt not realizing that bankruptcy can potentially solve their debt problems.  Bankruptcy often provides an excellent solution for individuals who can't pay their debt! 

Contact us online or call Huntley area Bankruptcy Attorney Timothy Brown today at 815-788-9511 for a free consultation.

Bankruptcy Offers a Way out of Debt

Chapter 7 Bankruptcy offers relief to debtors having financial hardship.  If the debtor's income falls below the applicable median income level, the debtor is then eligible to file for a straight Chapter 7 discharge.  If the debtor's income exceeds this limit, it's still possible to file if certain requirements are met under the "means test."   

The protections of Chapter 7 bankruptcy prevent creditors from trying to collect on the debt during the bankruptcy case.  If the bankruptcy court approves the discharge, the creditors are then permanently stopped from collecting the debt.

Related: Protecting Your Assets

Related: How the Process Works

Chapter 13 Bankruptcy provides an alternative to Chapter 7 bankruptcy for debtors who do not qualify to file for Chapter 7 protection.  If the debtor can propose a feasible repayment plan and meet certain other requirements, the debt can be repaid through a court-ordered installment plan.  

The monthly Chapter 13 payment amount is often determined by the debtor's ability to pay.  In some cases, the debtor is only required to repay part of the debt. 

Related:  How the Chapter 13 Process Works

If you would like a free evaluation from a bankruptcy attorney near Huntley, IL, contact us online or call today at 815-788-9511.

Contact Us

Law Office of Timothy Brown is committed assisting individuals in need of Debt Relief, Bankruptcy Litigation, Chapter 7, Chapter 13, Creditor Harassment Defense, Debt Collection Defense, and Foreclosure law issues in Illinois.

We will discuss your case with you at your convenience. Contact us today to schedule an appointment.