Chicago, IL
Foreclosure Lawyer at Chicago, IL
Practice Areas: Foreclosure, Litigation, Bankruptcy & Debt
People are often surprised by how little they actually have to go to court for their bankruptcy. If you file a Chapter 7 petition, you typically only have to make a single appearance at the Creditors ...
See Full GuideAs a general rule, the discharge releases the debtor from all debts provided for by the plan or disallowed, with limited exceptions of certain debts referenced in 11 U.S.C. 1328. Debts not discharged...
See Full GuideThe bankruptcy law regarding the scope of the chapter 13 discharge is complex and has recently undergone major changes. Therefore, debtors should consult competent legal counsel prior to filing regard...
See Full GuideMaking the Repayment Plan Work The provisions of a confirmed plan bind the debtor and each creditor. 11 U.S.C. 1327. The debtor must make regular payments to the trustee either directly or through pa...
See Full GuideThe Chapter 13 Repayment Plan Confirmation Hearing The debtor must file a repayment plan with the petition or within 15 days after the petition is filed. Fed. R. Bankr. P. 3015. A plan must be submitt...
See Full GuideChapter 13 Creditors Meeting The Chapter 13 trustee will hold a creditors meeting between 20 and 50 days after the debtor files the chapter 13 petition. At this meeting, the debtors are placed under o...
See Full GuideThe Chapter 13 Automatic Stay As soon as the Chapter 13 bankruptcy petition is filed, the automatic stay is put into effect. This immediately prohibits certain further collection actions against the d...
See Full GuideCredit Counseling Education Course As in Chapter 7 bankruptcy, a debtor must complete a credit counseling course within 180 days prior to filing a bankruptcy petition. A debtor must obtain a certifi...
See Full GuideAny individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than a specified number and secured...
See Full GuideChapter 13 bankruptcy, also known as Individual Debt Adjustment, offers some advantages over Chapter 7, or liquidation, bankruptcy. The biggest reason people choose Chapter 13 bankruptcy is that they w...
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