Chapter 13 Bankruptcy Representation in Joliet, Illinois
I have been serving the legal needs of clients in the Joliet area since 1990. With me, attorney Doree M. Wojtkowiak, you will get the experienced approach, personal attention, and honest advice you deserve to get you through a difficult time. The decision to file for bankruptcy a serious matter. You need the help of a knowledgeable professional to protect you.
Contact my office by e-mail or call me at 815-671-4779 or toll free at 888-820-3241 to schedule your free initial consultation.
Is Chapter 13 Bankruptcy Right for You?
Chapter 13 bankruptcy offers several advantages over Chapter 7 bankruptcy that may make it the preferred option for you. The biggest advantage of Chapter 13 bankruptcy is that it can allow you to stop a foreclosure action and save your home if you are able to resume making mortgage payments. If you have significant equity in your home, this protection is vital.
Another advantage of Chapter 13 bankruptcy is that you will no longer be forced to deal with a host of creditors. At the end of the process, you will have a 3 to 5 year payment plan where you pay a bankruptcy trustee who then pays all your creditors. The creditors will not contact you directly while you are under the protection of the bankruptcy agreement. Also, in Chapter 13 bankruptcy, you pay your debts without paying interest - interest stops when you file.
Home Foreclosure
If you own a home and are considering bankruptcy, I can help simplify your options. I will ask you a number of questions about your home. How much did you pay? How much is your home worth now? How much equity do you have on your home? How many mortgages do you have? With this information, I can give you a breakdown of your options and what you need to consider before pursuing any course of action.
Moving Forward
Bankruptcy is not the end of the world. We can work together to discuss what assets you have and how to present them when creating the bankruptcy plan. Determining the proper treatment of property and debt can be complicated. Part of a Chapter 13 bankruptcy plan requires that creditors not take less than they would if the debtor's assets were liquidated under Chapter 7. The advice of a lawyer who understands bankruptcy law is a valuable asset in protecting your interests.
Contact Me Today
If you have questions about home foreclosure or Chapter 13 bankruptcy, contact me to schedule a free initial consultation. My office is right across the street from Will County Courthouse, near I-80.