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Bloomington, IL 61701
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Chapter 13 Bankruptcy Lawyer Decatur, IL

When you are dealing with debt and would like to file for Chapter 13 bankruptcy, you should not hesitate to speak with a Chapter 13 bankruptcy lawyer Decatur, IL relies on from Pioletti Pioletti & Nichols. While there are different types of bankruptcy that you can file for, you will likely only land on one that will be right for you. If you are looking into filing for Chapter 13 bankruptcy, it means that instead of having most of your debts wiped clean (and potentially giving up your property and assets), you will instead create a new repayment plan so that you can still repay your creditors within a 3-5 year period. If this sounds like something that you are interested in, speak with our team today. 

How do I know if Chapter 13 is the right bankruptcy for me? 

You may not know which type of bankruptcy is right for you, but your attorney will help you determine this. If they are encouraging you to pursue Chapter 13 bankruptcy, one of the first things you will need to know is what your monthly income is. If your monthly income is over the state’s median monthly income, you will likely have a 5-year repayment plan. Our Decatur, Illinois Chapter 13 bankruptcy lawyer will submit the proposed repayment plan to the local court and a judge will either approve or deny it. 

Am I obligated to pay the full debt? 

Not necessarily. If you are paying everything you can from your disposable income and you still have some debt leftover, you may not need to pay the rest of your debt off. It is important that you are making an effort to pay your creditors in full if you are able to do so. While you are repaying your debts, you are still obligated to pay things like student loans and child support payments. These are some of the debts that you would not expect to be wiped out by Chapter 13 bankruptcy. 

Filing for Bankruptcy

We understand that filing for bankruptcy can be difficult because it means your credit score will be lower and you may feel that you have this huge financial burden looming over you. However, we believe bankruptcy can actually help many people get out of the debt they are in and restart their lives. If you are interested in Chapter 13 bankruptcy, speak with our Decatur, IL Chapter 13 bankruptcy lawyer.

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Joe Pioletti helped us win a case with a notorious realty, he was very honest and forthright about the terms of the case. He kept us up to date with the court date and made a great offer on our behalf. We received our settlement in a timely
matter as well! Take a chance with
Pioletti, you won’t regret it!

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EUREKA, IL LOCATION

107 E Eureka Ave, #1
Eureka, IL 61530

309-467-3213

24/7 live phone answering

BLOOMINGTON, IL LOCATION

121 N Main St
Bloomington, IL 61701

309-821-0246

24/7 live phone answering

KANKAKEE, IL LOCATION

2 Dearborn Square #1D
Kankakee, IL 60901

309-821-0246

24/7 live phone answering

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