Crystal Lake (815) 788-9511

Woodstock, IL Bankruptcy Lawyer

Local Bankruptcy Law Firm

The Law Office of Timothy Brown is a highly rated bankruptcy law firm that assists individuals in the northwest suburbs of Chicago and the Chicagoland area.  We provide services to individuals seeking debt relief through Chapter 7 and Chapter 13 bankruptcy.  

Individuals unable to pay their debt can address their debt problem in different ways.  As part of our free consultation, we explain each of the available debt-relief options. Contact us online or call 815-788-9511 for a free consultation! 

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy allows the debtor to eliminate unsecured debt.  Creditors typically are unable to successfully challenge a Chapter 7 debtor's discharge.  Chapter 7 bankruptcy is often a simple way to eliminate debt at a low cost.

Related: Post-Bankruptcy Credit

Related: Bankruptcy Myths

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy provides individuals with a means to pay their creditors back through a court-ordered installment plan.  The court will normally approve a proposed Chapter 13 payment plan if the plan meets all of the requirements of the U.S. Bankruptcy Code.

Bankruptcy Protects Debtors from their Creditors

As soon as a bankruptcy petition is filed with the court, the court imposes an injunction against the creditors that prohibits them from engaging in subsequent collections against the debtor. 

Related: The Automatic Stay in Consumer Bankruptcy Cases

Related:  How are creditors notified of a bankruptcy?

Assets in Bankruptcy

In Chapter 7 bankruptcy, the debtor's property is often protected from the creditors.  In some Chapter 7 cases, though, the bankruptcy trustee has the right to liquidate the debtor's assets to pay the debts.  The applicable exemptions determine the extent to which the debtor's assets will be protected in a Chapter 7 case.

In a Chapter 13 case, the debtor's property is protected from the creditors.  If the debtor has non-exempt assets, however, the Chapter 13 payment may increase as a result.  Many individuals file for Chapter 13 bankruptcy for the purpose of protecting their property from creditors. 

Contact us by email or call us at 815-788-9511 to speak with a Woodstock area Bankruptcy Lawyer for a free evaluation!


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.