Illinois Attorney Providing Guidance on Bankruptcy Options
Determining the type of bankruptcy you file could be fairly straightforward or it could be somewhat complex, depending on your situation. Some people must choose Chapter 13 because their income level disqualifies them from filing Chapter 7. This is revealed fairly quickly by taking the means test. In other cases, the choice between Chapter 7 and Chapter 13 is based on your unique situation and your goals.
At the Law Office of Warren G. Sylvester in Batavia, we will take the time to learn about the circumstances of your life. We will find out what you want your financial future to look like. We will guide you to the type of bankruptcy that will get you there most effectively.
Knowledgeable, Experienced, Trustworthy
E-mail Us or Call (630) 406-7844 • Free 30-Minute Initial Consultation
We want you to be informed, so we will take the time to educate you about the strengths and weaknesses of both types of bankruptcy.
Chapter 7 is the most common of the two types of consumer bankruptcy. Many people like this type of bankruptcy simply because of its immediacy. You can get a fresh start in a matter of months. While many people do not lose property when filing Chapter 7, it is possible that you would have to give up your car, home or other property.
Chapter 13, on the other hand, is often used to overcome debt while protecting property. It also allows a variety of opportunities that are not available through Chapter 7. The most common example is stripping second mortgages. However, this form of bankruptcy involves a repayment plan that takes three to five years to complete.
Contact Us for a Free 30-Minute Initial Consultation
To learn more about our legal practice, please contact our law office today for a free 30-minute initial consultation. Talk to a Batavia lawyer about Chapter 7 vs. Chapter 13 bankruptcy.

