Chapter 13 Bankruptcy Protection

Rockford, Illinois

Chapter 13 Bankruptcy is for clients who want to keep their homes or cars, are behind on payments and can afford to get caught up over a three to five year period. It is also designed for clients who are unable to discharge their debts in a Chapter 7 Bankruptcy. Chapter 13 consolidates overdue bills and repays pre-filing arrears in monthly payments for a period of up to 5 years.

The Chapter 13 Process:

In our initial consultation with you we will look at your entire financial situation. If we agree that a Chapter 13 Bankruptcy is your best alternative, then we prepare a Chapter 13 Plan that suits your circumstances and abilities. This plan provides for one monthly payment to the Bankruptcy Trustee who, in turn, distributes the payments to your creditors. When you have made all of the payments then you receive a discharge of all debt. Your monthly payment depends on your income and expenses. It also depends on how much debt you have and what type of debt you have (home mortgage or auto loan) or whether it is unsecured debt (credit cards, etc).

Pratt & Maegli Law Firm will also help you by reducing some unsecured debts, thus allowing you to pay just a fraction of the debt based on your available monthly income. In some cases you may pay only 10% of the debt. Other debts, such as non-dischargeable priority debts, must be paid in full. These include Maintenance/Alimony, child support, taxes owed, criminal fines and restitution.

— About Us —

The attorneys at Pratt & Maegli Law Firm understand the emotional issues that you are facing. We are committed to a personal relationship with you.


— We Are Here —


5411 E. State Street, Suite 202
Rockford, IL 61108

— Contact Us —

5411 E. State Street, Suite 202, Rockford, IL

(815) 315-0683

Email Us

BANKRUPTCY COUNSELING CLASS (Click here to take the bankruptcy class)

The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Disclaimer: The Pratt & Maegli Law Firm, P.C. is a Debt Relief law firm as defined by 11 U.S.C. 528. We help people file for Bankruptcy Relief under the Bankruptcy Code. We do not guarantee any result and prior results do not guarantee a similar outcome. This is an attorney advertisement and this website is for informational purposes only.

© 2024 Pratt & Maegli Law Firm.  All Rights Reserved. Pratt & Maegli Law Firm is a debt relief agency. We help people to file for bankruptcy relief under the Bankruptcy code.