Experienced Legal Representation With A Strong Local Reputation

Overcome Debt Burdens Through Bankruptcy

Medical bills, job loss and other financial emergencies can quickly erase the savings that you spent years building. If your debt is increasing at an unsustainable pace, you can take action to erase this burden and rehabilitate your credit in Illinois.

Bankruptcy offers a legal solution to qualifying individuals who are struggling to leave their debt behind. In Decatur, Paul G. Chiligiris, Attorney at Law, has offered skilled and straightforward legal counsel to countless clients since 1992. Contact Paul today to learn whether bankruptcy can help you obtain a fresh start.

Understanding The Difference Between Chapter 7 And Chapter 13 Bankruptcy

Both Chapter 7 and Chapter 13 bankruptcy allow successful filers to reduce debt; however, these solutions are not interchangeable. The differences between Chapter 7 and Chapter 13 include:

  • Individuals who qualify: Those filing for Chapter 7 bankruptcy must meet income requirements or satisfy a means test requirement. Those filing for Chapter 13 must demonstrate that they have the resources to pay off their debt over time.
  • The process for eliminating debt: Those filing for Chapter 7 bankruptcy agree to sell their assets to pay off their debt. Those filing for Chapter 13 must complete a repayment plan according to a court-imposed schedule.
  • The time required to complete the process: Chapter 7 bankruptcy proceedings can conclude in 90 days, while Chapter 13 proceedings may extend to five years.

When you meet with Paul to discuss your situation, he will listen to your concerns and examine your records before determining the best approach for you. He is often asked whether bankruptcy can help his client save their home from foreclosure and keep their car safe from creditors. In many cases, the answer is yes.

Your financial problems may not be as hopeless as you believe. With Paul’s help, you may be able to find a positive path forward while retaining your assets. Please contact the office to learn more.

Get A Strong Legal Ally By Your Side

Don’t let financial uncertainty determine your future. You can take an active role in overcoming your debt problems with a bankruptcy lawyer’s help. Connect with Paul today when you call 217-615-4053 or complete the online form.

Paul G. Chiligiris, Attorney at Law, is a debt relief agency. Paul Chiligiris helps people file for bankruptcy relief under the Bankruptcy Code.