Chapter 13 Bankruptcy Lawyer Champaign, IL
Our Chapter 13 bankruptcy lawyer Champaign, IL residents have trusted for years knows that not only can filing for bankruptcy be a hassle but it can be overly complicated. In fact, a person may be deterred from filing for bankruptcy if they do not have the help of an attorney and they may not fill out the paperwork correctly, they may get denied, or they may not get all of the benefits they are entitled to. If you would like to work with an attorney who can correctly file your bankruptcy paperwork and can walk you through this process with compassion and understanding, reach out to our office today. We know you are struggling and we are here to help.
I have enough money for my essentials and a little bit leftover every month. Does this mean I do not qualify for bankruptcy?
Having some money left in your pocket every month does not mean you do not qualify for bankruptcy. In fact, this is precisely one of the factors that will qualify you for Chapter 13 bankruptcy instead of another type of bankruptcy. Your attorney will want to gather all of your documents relating to your monthly expenses and your debts to see how you can appropriately reallocate your money to repaying your debts. This repayment plan will be somewhere in a 3 to 5 year period. One of the big benefits of filing for bankruptcy is that creditors will not be able to harass you or contact you regarding your debts as long as you are keeping up your payments.
What is the means test and what does it determine?
Your Champaign, Illinois Chapter 13 bankruptcy lawyer will walk you through what the means test is and how it can help determine what type of bankruptcy you should file for. For example, if you take the means test and your income is above the average income of other people in Illinois with the same size family, you would likely file for Chapter 13 bankruptcy.
Can I file for bankruptcy with my spouse?
Yes. If you are married you can file for bankruptcy jointly. When this is the case, only one spouse needs to have an income.
Call to Speak with us Now!
If you are interested in filing for bankruptcy, speak with a Chapter 13 bankruptcy lawyer in Champaign, Illinois now from Pioletti Pioletti & Nichols.