In some cases, Chapter 7 bankruptcy  is not the best option for people looking for debt relief. If you are behind on your mortgage, credit card bills and other financial obligations but have a regular source of income, Chapter 13 bankruptcy might be right for you.
Based in Peoria, the law office of Spencer L. Daniels provides knowledgeable and experienced legal assistance to individuals in Central Illinois who need help taming their out-of-control debt.

Reorganizing Your Debt And Simplifying Your Finances In Chapter 13 Bankruptcy

Illinois Chapter 13 lawyer Spencer L. Daniels has spent the last two decades helping clients find the best debt relief options for their specific financial situations.
In Chapter 13 bankruptcy, your debt is reorganized into a plan that will allow you to make affordable payments for the course of three to five years. This type of bankruptcy is designed for individuals who are behind on their mortgages and/or car payments but have the ability to pay on them.
Often, arrearage of child support, alimony and IRS debt can be included in the Chapter 13 plan, while second and third mortgages can be eliminated all together. The court must approve the budget and repayment plan, and a bankruptcy trustee will collect payments and ensure you are complying with Chapter 13 bankruptcy plan.
Like in Chapter 7 bankruptcy, an automatic stay that goes into effect immediately after you file that:
  • Stops creditor harassment
  • Stops home foreclosures
  • Stops repossessions
  • Stops wage garnishments
  • Stops liens
  • Stops creditor lawsuits
During a private consultation, our lawyer will work with you to learn about your financial circumstances and help you understand if Chapter 13 bankruptcy can help you minimize your debt. We will answer your questions about saving your home from foreclosure and address your other concerns.
Beware of attorneys who charge fees upfront.

Bankruptcy Made Simple | Contact Spencer L. Daniels Today

We invite you to contact the law office of Spencer L. Daniels today at 309-673-1400 to schedule a free consultation with our Peoria debt consolidation lawyer about your financial situation. Our office hours are Monday through Friday from 9 a.m. to 5 p.m. Allow us to provide the peace of mind that you need and deserve.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.