Chapter 13 Bankruptcy Lawyer Galesburg, IL
When you are considering filing for Chapter 13 bankruptcy, you should not hesitate to work with a Chapter 13 bankruptcy lawyer Galesburg, IL trusts from Pioletti Pioletti & Nichols. There are many people who are under a serious amount of debt and need help getting out. Unfortunately, with debt comes a bad reputation. Many people believe that if you are in debt it must mean you are bad with money or do not spend wisely. The truth is there are many reasons you may be struggling with debt and a serious medical crisis can cause this or even a family emergency. We take the time to listen to our clients and understand where they are coming from so we can make a manageable debt relief program for you. If you are interested in seeing if Chapter 13 bankruptcy could help you do this, give a member of our team a call.
What are the benefits of filing for bankruptcy in Illinois?
When you are wondering about filing for bankruptcy, you want to know how it can benefit you and help you get out of debt. Our Galesburg, Illinois Chapter 13 bankruptcy lawyer knows that filing for bankruptcy can help you in a number of ways, including:
- Restructuring child support and alimony. While you will still need to pay back any child support and alimony you owe, it is possible to get these debts included in your restructured payment plan. This means you will have more time to pay these debts back even if you already owe back payment on them.
- Protecting your house from foreclosure. If you are concerned that your house is going to be foreclosed on, the Chapter 13 bankruptcy process can help put a stop to this while you continue to make your payments.
- Protecting your assets from being taken. If you were to file Chapter 7 bankruptcy, many of your assets would be liquidated in order to pay off debts. With Chapter 13 bankruptcy, you can keep your assets and instead create a 3- to 5-year repayment plan.
Why does it help to have an attorney throughout this process?
You do not have to work with an attorney when you file for bankruptcy. That said, it can make a difference in your amount of stress and it could make a serious difference in the amount of debt you are left repaying. If you want to see how our Chapter 13 bankruptcy lawyer in Galesburg, IL can help, contact our office now.