chicago bankruptcy lawyer - julie gleason



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Chicago Chapter 13 Lawyer

Gleason and Gleason Illinois Chapter 13 and 7 Law Firm - (312) 578-9530  


As a Chapter 13 bankruptcy and Chapter 7 Bankruptcy Lawyer in the Chicago area I have advised thousands of clients over the last decade. We have limited our practice to consumer chapter 7 bankruptcy and chapter 13. The individual attorneys in my law firm strive to achieve a personal involvement with you and your case. We also work together as a group on bankruptcy cases in order to provide you with outstanding service. Our goal is to provide you with the best possible guidance and service in a competent , reasonably priced and sensible manner. 

Many client of ours are referrals from family members, friends and co-workers who were pleased with our service. Thousands of Illinois Residents have found us to be their best option and have chosen to work with the our Chapter 13 and Chapter 7 lawyers on account of our personal attention and the know-how and skillfulness which comes from our history in representing other clients and their cases. 


Chapter 13 Bankruptcy 

Chapter 13 Bankruptcy is a 3-5 year repayment plan. Chapter 13 plans are usually filed for the following reasons: To keep a house or vehicle after falling behind on payments. A person doesn't qualify for chapter7due to high income or other reasons. In a Chapter 13 case some debts are repaid the full amount and some debts maybe repaid for less than the full amount depending on your situation and the type of debts you have. Most of the legal fees in a chapter 13 are included in the repayment plan. The court costs are $274.00. We can give you a quote over the telephone as to how much you would need to file a chapter 13. 

Chapter 13 Bankruptcy offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time. Another advantage of Chicago chapter 13 bankruptcy is that it allows individuals to reschedule secured debts (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Finally, chapter 13 acts like a consolidation loan under which the individual makes the plan payments to a chapter 13 trustee who then distributes payments to creditors. Individuals will have no direct contact with creditors while under chapter 13 protection. 

Overview of Chapter 13 Bankruptcy 

A Chicago chapter 13 case begins by filing a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. Unless the court orders otherwise, the debtor must also file with the court: (1) schedules of assets and liabilities; (2) a schedule of current income and expenditures; (3) a schedule of executory contracts and unexpired leases; and (4) a statement of financial affairs. The debtor must also file a certificate of credit counseling and a copy of any debt repayment plan developed through credit counseling; evidence of payment from employers, if any, received 60 days before filing; a statement of monthly net income and any anticipated increase in income or expenses after filing; and a record of any interest the debtor has in federal or state qualified education or tuition accounts. . The debtor must provide the chapter 13 case trustee with a copy of the tax return or transcripts for the most recent tax year as well as tax returns filed during the case (including tax returns for prior years that had not been filed when the case began). A husband and wife may file a joint petition or individual petitions. 

What do I need to file a chapter 13 bankruptcy case. 

In order to complete the Official Bankruptcy Forms that make up the petition, statement of financial affairs, and schedules, the debtor must compile the following information: 

1. A list of all creditors and the amounts and nature of their claims; 

2. The source, amount, and frequency of the debtor's income; 

3. A list of all of the debtor's property; and 

4. A detailed list of the debtor's monthly living expenses, i.e., food, clothing, shelter, utilities, taxes, transportation, medicine, etc. 

Contact A Bankruptcy Lawyer

email: | Tel: (312) 578-9530

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.