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Bentz Law Firm, LLC Illinois Attorney & Counselor At Law
Bentz Law Firm, LLC is an experienced full service law firm providing
the Chicagoland area with premier Illinois bankruptcy, Criminal defense, Traffic Violation Defense, IRS Debt, and No-Contest Divorce legal services.

Contact Bentz Law Firm today to schedule a free consultation online or by calling Attorney Jessica C. Bentz at (312)641-2233.
Illinois Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is also known as personal reorganization, reorganization bankruptcy, or the wage earners plan. This form of bankruptcy is similar to Chapter 11 Bankruptcy, but specifically for individuals. Chapter 13 of the Bankruptcy Code enables individuals with regular income to repay their debts over a period of time. Individuals who want to keep their non-exempt income that would be lost under a Chapter 7 bankruptcy may prefer Chapter 13 for this reason.

Illinois Chapter 13 Bankruptcy Process
Chapter 13 Bankruptcy entails consolidating all of your debt into one monthly payment. Chapter 13 Bankruptcy can help individuals restructure their tax debts, avoid foreclosures, and deal with out-of-control debt. Chapter 13 Bankruptcy is applicable when an individual’s monthly expenses exceed their monthly income. It allows a person with a regular monthly income to design a plan to repay all or part of their debt.

Illinois Chapter 13 Bankruptcy Plans
Chapter 13 payment plans range in duration from no less than 36 months to no greater than 60 months based on your income and other circumstances. During the span of your plan and when the automatic stay is in place, creditors are forbidden to start or continue collection efforts.

Illinois Chapter 13 Advantages:
Filing for Chapter 13 Bankruptcy has several advantages compared to filing for Chapter 7 Bankruptcy. Under a Chapter 13 Bankruptcy, an individual who was facing foreclosure is given the opportunity to save their homes. Chapter 13 Bankruptcy also allows the court to modify an individual’s repayment plan depending on the number of creditors who file claims and on other circumstances that can result in overall lower payments.

Contact A Chicago Chapter 13 Attorney for a Free Consultation:
Have you lost sleep over what you see as an unmanageable financial situation? Are you counting the days until a foreclosure sale? Do you still have a regular source of income? If so, you may be a good candidate for a Chapter 13 Bankruptcy. Contact an experienced and aggressive Chicago, Illinois Chapter 13 Bankruptcy attorney at Bentz Law Firm to schedule a free consultation online or by calling Attorney Jessica C. Bentz at (312)641-2233.

Bentz Law Firm, LLC Attorney and Counselor at Law 19 South LaSalle Street, Suite 1500, Chicago IL 60603. Tel: 312-641-2233; Fax: 312-276-4935;
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