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Chapter 13 Bankruptcy

Palatine Chapter 13 Bankruptcy Lawyer

 

Stop Foreclosure: Protecting Your Home and Assets With Debt Relief

If you are a homeowner, a Chapter 13 may be your best option if you are seeking to prevent the foreclosure of your home, stop collection proceedings, and protect your assets. At The Law Offices of James M. Kelly, we assist individuals and families in and around Palatine, Illinois, who need relief from overwhelming amounts of debt. With more than 23 years of legal experience, our goal is to help you regain control of your financial situation through bankruptcy.

What Is Chapter 13 Bankruptcy?

Those who do not satisfy the median income or means test of a Chapter 7 bankruptcy can still seek debt relief under Chapter 13 bankruptcy. In Chapter 13, all unsecured debts are reorganized into one monthly payment that must be paid for the next three to five years. After the payment period is up, any remaining debt is discharged.

Chapter 13 is designed for those who still have good sources of income but whose debts have become insurmountable. It allows debtors to retain some control over their finances and also make good on their obligations. In most cases, they can also stop foreclosure on their homes and retain their possessions.

How We Can Help You

We understand that unforeseen circumstances, such as sudden job loss or serious injury, are often the reasons behind large amounts of debt. Our Palatine Chapter 13 bankruptcy attorney helps clients by advocating for their need for debt relief and working to minimize their payment amounts as much as possible.

One of the hallmarks of our firm is that our lawyer works directly with clients on all aspects of their cases. From start to finish, he guides them through the entire process, explaining terms and procedures so they always know what to expect. He strives to help them make informed decisions that help them regain their financial independence.

Contact Our Firm Today

If you are overwhelmed by credit card debt, unpaid medical bills, high mortgage rates or other financial liabilities, contact The Law Offices of James M. Kelly today. Call us at 847-202-1616 to schedule a free half-hour consultation with our experienced Schaumburg debt reorganization attorney. We accept all major credit cards and offer flexible scheduling to suit your needs.

We are a debt relief agency. We help people file for bankruptcy relief under the United States Bankruptcy Code.