Debt Relief through Chapter 13
Chapter 13 bankruptcy is known as a debt reorganization solution that allows consumers to establish a debt repayment plan over three to five years. After seven years, a Chapter 13 bankruptcy action will no longer appear on your credit report.
Immediately after filing, you have the opportunity to rebuild your credit score. At Charles E. Covey, Attorney at Law , we offer experienced advocacy to protect the rights of our clients facing serious and unmanageable levels of debt. Peoria, Illinois, bankruptcy attorney Charles Covey has helped individuals just like you for more than 30 years. He will apply his experience level and legal skills to help secure you obtain debt relief.
Schedule a Complimentary Consultation With an Experienced Lawyer
Chapter 13 is a debt relief solution that allows you to reorganize your debts into a payment plan, stop foreclosure and stop creditor harassment. Contact us for a free initial consultation with an experienced Peoria Chapter 13 bankruptcy lawyer.
Chapter 13 Bankruptcy Benefits
Chapter 13 bankruptcy is often referred to as a debt restructuring bankruptcy. Individuals or families who qualify can pay back some of their debts gradually in accordance with a debt repayment plan approved by a bankruptcy court judge. The benefit of a Chapter 13 bankruptcy is that it allows people to pay their debts in a manner that is gradual and affordable.
You may want to pursue Chapter 13 bankruptcy if:
- You want to protect a home or other assets .
- You have unmanageable amounts of debts you cannot repay.
- You want the opportunity to reorganize your debt.
- You want to stop a vehicle repossession.
- You want to stop wage garnishment .
- You want to stop creditor harassment .
- You want to stop home foreclosure .
Stop Home Foreclosure With Chapter 13 Bankruptcy
One reason people file for Chapter 13 bankruptcy is to prevent home foreclosures. If you are behind on mortgage payments or fear that you may lose your home to foreclosure, it is important to consult with an attorney who can protect your assets and help you reorganize your debt.
For your initial consultation, bring in your bills . We will review your assets, income, expenses and debt to determine if Chapter 13 bankruptcy is the right solution for you. If you qualify for Chapter 13 debt relief, a repayment plan will usually last three to five years. The remaining balances will be forgiven at the end of that period.
At the law office of Charles E. Covey in Peoria, Illinois, we are pleased to help people file for Chapter 13 bankruptcy and Chapter 7 bankruptcy . Our law firm is committed to providing debt relief services to individuals, families and businesses struggling with debt .
Contact our law firm today for a free initial consultation with an experienced bankruptcy lawyer in Peoria, Illinois. We can protect your rights, while helping you take steps toward a fresh financial start.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.