Kane, DuPage, Kendall and Will County Illinois Bankruptcy Attorneys and Lawyers
We are Kane County Bankruptcy Attorney | DuPage County Bankruptcy Lawyers | Kendall Will County Debt Relief agency.
Filing Bankruptcy in Illinois
- Is Bankruptcy Right for Me?
- How Does Bankruptcy Affect My Assets? (if I live in Kane, DuPage or Kendall County, Illinois)
- What Happens If I Decide To File Bankruptcy? (if I live in Kane, DuPage or Kendall County, Illinois)
- I’ve Been In Chapter 13 for a while…and now?
- Chapter 7 Bankruptcy Requirements (if I live in Kane, DuPage or Kendall County, Illinois)
- Chapter 13 Bankruptcy Requirements (if I live in Kane, DuPage or Kendall County, Illinois)
Chapter 7 Bankruptcy in Illinois
Chapter 7 is designed for people in financial difficulty who do not have the ability to pay their debts. People whose debts are not business debts are subject to a “Means Test” designed to determine if they qualify for chapter 7 or if they must file a chapter 13 bankruptcy instead.
The purpose of filing a chapter 7 bankruptcy is to obtain a discharge of your debts. Some debts are not discharged under Illinois bankruptcy law.
Chapter 13 Bankruptcy in Illinois
Chapter 13 is designed for individuals with regular income who desire to pay part or all of their debts, often a little as 10%, in installments over a period of time. Under chapter 13, you must file with the court a plan to repay your creditors some or all of the money that you owe them, using your future earnings. The court must approve your plan before it takes effect.
After completing the payments under your plan, your debts are generally discharged except for certain debts under Illinois bankruptcy law.
Free Case Evaluation
Answer a few simple questions and Brad Covey will be in touch to discuss your Illinois bankruptcy options. Find out if you qualify for chapter 7 or if Chapter 13 bankruptcy is better for you or if bankruptcy is not your best option. You can rest assured you will receive a prompt and honest evaluation of your situation. There is no obligation so why not give it a try.
Illinois Bankruptcy Blog
Watch and read our Illinois Bankruptcy Videos and learn about Illinois Bankruptcy Laws, Illinois Bankruptcy Court, Chapter 7 Means Test, How To File Bankruptcy in Illinois, Chapter 7 Bankruptcy in Illinois and How To Find An Illinois Bankruptcy Lawyer in Kane, Kendall, DuPage and Will County, Illinois and much more!
Illinois Bankruptcy Resources
- Get a Free Credit Report
- Car Values
- House Values
- Household Goods and Furnishings Values
- Rebuilding Your Credit
- Travel Without Credit
- Chapter 13 Trustee Information
- Cancellation of Debt (1099 and IRS Debt)
Contact Brad Covey
I am a bankruptcy attorney with over 20 years of experience practicing only bankruptcy. I help people solve their debt problems by filing chapter 7 or chapter 13 bankruptcy in Kane, DuPage, Kendall and Will Counties in Illinois. I promise to give you an honest evaluation of your case and treat you with the utmost respect. I understand that I am the last person you want to talk to and will do my best to make you feel comfortable and informed throughout this difficult time i your life. Please contact me if you want to take control of your financial future.
Filing Chapter 13 bankruptcy was a difficult and embarrassing situation. At no time did we feel belittled or looked down upon. Your cared enough to get us past this and on to a better life. For all this and more we are extremely grateful.–Past Client
This firm is a master of its profession. Its staff is polite and quick to answer all of its client's questions. If you are looking for a bankruptcy attorney in Aurora, this is your firm.–Former Client
Mr. Covey and his staff provided excellent service. He has taken all of the financial stress out of our life. Thank you. –Former Client
We wanted to thank you for the wonderful job you did regarding our bankruptcy case. You made the process very easy and you were very reassuring during a time when we really needed someone we could trust. You, along with your staff, were easy to talk to and always got back to us in a prompt manner. We would definitely recommend yo to anyone we know that needs a bankruptcy attorney–Former Client
Facing bankruptcy was such a daunting task. Mr. Covey and his entire staff helped us get through this difficult time with ease and constant peace of mind. –Former Client
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