P is for Plan

Under chapter 13 bankruptcy, you can consolidate your debt, paying back consumer debt at as little as ten cents per dollar owed. Secured debts are paid based on fair market value -most cars, furniture, appliances jewelry etc.

Mortgage arrears are paid 100%, as are domestic support obligations and recent tax liabilities.

About Author

Terrance Leeders

Chicago Bankruptcy Attorney, husband, father, Cubs fan.

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