For more than 15 years, Chicago Bankruptcy Attorney Frank G. Cortese has helped individuals and families get on the right path financially. He has successfully represented thousands of clients through the Bankruptcy process and can help determine whether a Chapter 7 Bankruptcy, Chapter 13 Bankruptcy or other financial solution is right for you. Mr. Cortese has represented clients throughout the Chicagoland area, including Cook, DuPage, Kane and Will Counties.

What is a Chapter 13 Bankruptcy?

A Chapter 13 Bankruptcy involves the repayment of debt. Under a Chapter 13 Bankruptcy Debt Repayment Plan, individuals repay all or a portion of their debt over a three to five year period of time. During the repayment period, creditors are prohibited from collection activities. Filing Chapter 13 Bankruptcy will stop foreclosures and repossessions. Some debts may not be dischaged in a Chapter 13 Bankruptcy.

Chapter 13 Bankruptcy is right for you when:

• You want to repay your debts.

Many people choose Chapter 13 Bankruptcy when they want to pay back a portion of their debt. In a Chapter 13 Bankruptcy you are able to repay your debts, including making up missed payments on your car or mortgage, and reinstate the original agreement.

• You do not qualify for Chapter 7 Bankruptcy.

Under certain circumstances you cannot file a Chapter 7 Bankruptcy. For example, if you’ve already filed a Chapter 7 Bankruptcy within the past 8 years.

Contact Chicago Bankruptcy Attorney Frank G. Cortese for a Free Consultation if you are facing financial hardship or are overwhelmed by debt. He has years of experience successfully representing individuals in Bankrupcty Court and can help you determine whether Chapter 7 Bankruptcy, Chapter 13 Bankruptcy or other debt relief option is right for you.