Timeline For Chapter 13 Bankruptcy

Guiding You To A Brighter Future

Chapter 13 bankruptcy is an effective means to obtain debt relief and a fresh financial start. Though the Chapter 13 process takes three or five years to complete, its benefits begin immediately.

Many people with unmanageable debts wait too long before speaking with an attorney. They keep hoping that their financial situation will turn around, only to have their financial problems grow worse. The sooner you get legal help, the sooner you can get debt relief.

Chapter 13 bankruptcy lawyer Paul Camarena has more than 10 years of experience in the federal court system. Mr. Camarena provides efficient and effective representation designed to help his clients obtain maximum debt relief while enabling them to keep as much property as possible.

The Chapter 13 Timeline

Although every bankruptcy case is unique, the timeline for a Chapter 13 bankruptcy generally proceeds as follows:

Consultation — Paul Camarena can review your situation and explain your options in a free consultation. If you retain him to represent you in a bankruptcy proceeding, creditor harassment can stop immediately. Simply refer creditors and collection agencies to North & Sedgwick Law and the firm will handle all future dealings with them.

Filing of your petition — After you provide him with information about your debts and income, Paul Camarena will file your bankruptcy petition electronically. Mr. Camarena can do this while you wait, even in the evening or during the weekend. This puts an automatic stay on foreclosure, repossession, garnishment and collection lawsuits.

341 hearing — About 20-40 days after filing, you will accompany Paul Camarena to a hearing before the bankruptcy trustee.

Approval of your petition — In most cases, the bankruptcy trustee approves debt repayment plans about 60 days after a 341 hearing.

Completion of repayment plan — Either three or five years later, your remaining unsecured debts will be discharged and you will emerge from your Chapter 13 bankruptcy.

As you can see, the benefits of bankruptcy begin even before you actually file your Chapter 13 petition. In just a short time, you could be on your way to a brighter financial future.

Contact A Chapter 13 Attorney In Chicago And Cook County

For a free initial consultation about getting debt relief, contact North & Sedgwick Law.

El abogado habla español.

†The firm is a debt relief agency and helps people file for bankruptcy relief under the Bankruptcy Code.