Our Illinois Bankruptcy Attorneys Explain the Benefits of Chapter 13 Bankruptcy
Serving Clients in Naperville, Chicago, Joliet, Skokie, Aurora, Waukegan, Wheaton
Chapter 13 Bankruptcy is also referred to as “Reorganization” or “Wage Earner” Bankruptcy. When they think of Bankruptcy, people don’t think of Chapter 13. Chapter 13 bankruptcy is not as drastic as Chapter 7 bankruptcy and can be easier to implement if you qualify. Here’s a simple test to see if you should contact a Naperville bankruptcy lawyer for Chapter 13 Bankruptcy:
- After paying for all of your necessary expenses every month (mortgage and rent, car payments, groceries, health insurance…etc) do you have at least $300 left over before paying for credit card debt?
- Do you owe less than $72,000 in credit card debt?
If you can answer yes to both of these questions then it is time to contact a Naperville bankruptcy attorney about filing for Chapter 13 Bankruptcy and to get your bankruptcy questions answered. Our Naperville foreclosure attorneys can also discuss how to stop foreclosure and save your home.