Chapter 13 Bankruptcy: Understanding Your Options

When you have debt-related worries and you don't know where to turn, call Schramm Law Group. Based in Addison, Illinois, our Chapter 13 bankruptcy attorney can sit down with you, explain your options and help you find a resolution that works.

"I enjoy my clients' sighs of relief when it's said and done, and they are free from the stress created by debt collection agencies. I take great satisfaction in providing a real solution to their financial concerns." - Adam

We are here to answer bankruptcy questions such as:

  • How does Chapter 13 work?
    Chapter 13 bankruptcy involves creating a structured plan for repaying your creditors some or all of what you owe. The plan will last three to five years, after which all remaining debt will be erased. It is also interest-free, so you won't accumulate any additional interest or fees.
  • Will I still have to deal with creditors?
    No, once you file bankruptcy, the court will issue an automatic stay that forbids creditors from contacting you.
  • Can it help me save my home?
    Yes, in many cases, Chapter 13 can help homeowners avoid foreclosure and catch up on missed mortgage payments.
  • What about my car?
    Chapter 13 can also help you create a repayment plan for any missed car payments, allowing you to keep your vehicle.

Get A Free Consultation When And Where You Choose

To arrange a free consultation with our DuPage County bankruptcy lawyer, call Schramm Law Group at 630-592-4492 or contact us via email. We return all messages promptly and can meet with you at any location you prefer.

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