When debts become so large you can no longer keep up with your payments, you can face serious consequences, including the loss of your home through foreclosure and the garnishment of your wages or bank accounts. Talk to an experienced Chapter 13 bankruptcy attorney immediately if you are threatened with foreclosure or garnishments.
At Hitchcock & Associates, we have been helping clients through successful bankruptcies for over 20 years. Chapter 13 bankruptcy can help you, too. Call us now at (312) 445-9062 for a free consultation. You can also contact us online.
How Chapter 13 Bankruptcy Can Help You
A Chapter 13 reorganization bankruptcy puts an immediate stop to all creditor harassment, including foreclosure, repossessions, wage and bank account garnishments, and harassing phone calls from credit card companies and other creditors. In a Chapter 13 bankruptcy you will make monthly payments to a trustee who will distribute it to creditors. In certain circumstances, you don't have to pay all of your debts, such as medical bills, credit card bills, overdue utility bills and other debts.
In most situations, a Chapter 13 reorganization allows you to keep your property, including your house and cars. Once the bankruptcy is filed, you are allowed to resume making monthly mortgage payments without the threat of foreclosure regardless of how far behind you may be.
How Much Will I Have to Pay Each Month?
The amount of your monthly payments is based on a number of factors, including the following:
- Monthly income
- Monthly expenses
- Amount and nature of your debts
Because each situation is unique, call us today for an appointment to discuss your circumstances. We will go over all of your legal options, including Chapter 7 bankruptcy and Chapter 13 bankruptcy. We will answer your questions about bankruptcy and we will dispel misconceptions about bankruptcy as well. Most important, we will help you make informed decisions about improving your financial future.
To schedule an appointment with an experienced Chapter 13 bankruptcy lawyer, call Hitchcock & Associates today at (312) 445-9062. You can also contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
