The requirements and concepts of Chapter 11 differ from Chapter 13. Depending on your situation, the potential benefits include saving property through loan workouts and restructuring mortgages. If you have significant debt, contact a Benjamin Brand bankruptcy lawyer in Chciago.
Not just for corporations! Contrary to popular belief, individuals can file chapter. Unlike Chapter 13, there are no debt limits. As a result, it may help you find relief from overwhelming financial burdens caused by medical bills, unemployment and other circumstances beyond your control. Most consumer bankruptcy lawyers in Chicago do not represent individuals in Chapter 11.
Kevin Benjamin has more than 30 years of experience in dealing with severe debt. We can help find the best solution for you and your company.
Filing an Individual Chapter 11 may be the best way to save your property and restructure you loan payments. It allows you to:
Where there is a requirement to pay all “projected disposable income” over a commitment period, in Chapter 11 the payout to all creditors is considered, while in Chapter 13 the payout to unsecured creditors is considered. This can result in a significantly lower payout to all creditors in Chapter 11.
Filing for Chapter 11 bankruptcy in Chicago is a complex legal process. Our experienced consumer bankruptcy attorneys can help you determine if it is the best option for you.
Contact us today or call 312.853.3100 and schedule a free no-obligation consultation.
We can help you navigate the complex requirements and begin rebuilding your creditworthiness.
The attorneys at Benjamin Brand LLP can help you file bankruptcy and wipe out debt while protecting your assets.
Bankruptcy is a last resort. There may be alternatives that can help you deal with the financial burden. Call us at 312.853.3100 for more information about our areas of expertise and to find out if bankruptcy is the best option for you.