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Bankruptcy in Illinois

Are you overwhelmed by the amount of debt you're facing? Does paying your bills each month feel like a juggling act where you're usually dropping a few balls? Americans are saddled with so many different types of debt: Mortgages, Credit cards, Medical bills, Auto loans, Personal loans, etc. Let us help!

Explore Bankruptcy

Chapter 7 & Chapter 13

Bankrupcy in Illinois

Filing for Bankruptcy

It's easy to feel trapped when you are struggling with debt. You can't afford to...

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Mortgage Modifications

Foreclosure is a terrifying word. And for thousands of American homeowners, it's...

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Chapter 7 Bankruptcy

Filing for Chapter 7 in Illinois is a fast, legal way to eliminate your debts and...

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Chapter 13 Bankruptcy

Filing for Chapter 13 in Illinois allows you to reorganize and reduce your debt...

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Bankruptcy Explained by Experienced Chicago Attorneys

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Are you overwhelmed by the amount of debt you're facing? Does paying your bills each month feel like a juggling act where you're usually dropping a few balls?

Americans are saddled with so many different types of debt:

What Are the Illinois Chapter 7 Bankruptcy Laws?

Using Chapter 7 is the fastest and easiest way to eliminate your debt. While the laws say that certain "non-exempt assets" can be sold to pay back your creditors, it's our experience that our clients rarely lose a thing during this process. Illinois has a list of exemptions, which are items you get to keep. You can receive an exemption for your house, car, retirement plan, personal possessions, and many others.

To qualify, you'll have to pass "the means test", which evaluates your household and disposable income to determine if you have any other way to pay off your debts. If you don't pass the means test, you can't file.

What Are the Illinois Chapter 13 Laws?

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Illinois Chapter 13 allows you to restructure and reduce your debt into an affordable monthly repayment plan lasting three to five years. You're eligible for Chapter 13 even if you don't pass the means test, making it an excellent option for people with regular incomes facing temporary financial setbacks.

Where Are the Bankruptcy Courts in Illinois?

Bankruptcy courts in Illinois are divided into 3 districts with 7 locations. The court locations include:

The statutes require you or your attorneys to file with the court a petition and the necessary records to start proceedings. After your case is filed, the judge issues an automatic stay, which is a court order that forbids your creditors from even contacting you. Imagine not being afraid to answer the phone! Bankruptcy laws can offer you that freedom.

Don't Wait To Find Debt Relief

Bankruptcy laws can help you find the debt relief you so desperately need. You can stop worrying about how you're going to pay the next bill or whether you're going to lose your house, and start living the life you've always wanted.

A DebtStoppers bankruptcy plan can help you escape the burden of financial stress by putting Illinois laws to work for you! The first step towards freedom is to schedule a free one-on-one consultation with one of our skilled Illinois attorneys. Call or text DebtStoppers today at 312-913-0630.

DebtStoppers is proud to be the only Illinois firm that offers a real $0 up-front Chapter 7. We'll even advance the cost of your $335 filing fee, so you don't have to wait another minute to get the help you need. Call or text 312-913-0630.

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