The Features and Benefits of Chapter 13 Bankruptcy

Chicago Bankruptcy Update

Chicago Bankruptcy Update

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Interview questions and topics covered on this show:

  1. Chapter 13: When income is too high to pass the median income/means test.
  2. Chapter 13: When you own one or more assets worth too much money to be sold in Chapter 7.
  3. Chapter 13: When certain past debts must be paid and are not dischargeable or other factors apply.
  4. Chapter 13: When second mortgages are converted into an unsecured debt affecting your home.

Chicago bankruptcy and consumer credit attorney Joseph Wrobel shares news and updates in bankruptcy law as well as business and consumer financial matters. It has been documented that financial troubles can cause all sorts of ailments, the most common of which is sleeplessness. Joseph Wrobel helps clients alleviate their anxiety created by the inability to pay bills and the embarrassment of financial distress. On today’s program, we answer a common question: Why would I ever file a Chapter 13 if I can get rid of my debts with a Chapter 7?

Joseph Wrobel has been a practicing attorney since 1973 and has experience in a wide variety of law relating to legal matters for individuals and families. Wrobel helps clients get out of debt and get a fresh start. He is an active member in several bar associations and the Bankruptcy Panel of Pro Bono Program of the Chicago Volunteer Legal Services. After serving the U.S. Army Reserve 363rd Civil Affairs Unit, Wrobel earned a B.A. in Psychology from Northwestern University and in 1973 he earned a JD from DePaul University Law School.

Visit our Chicago Bankruptcy Site online for more about the firm.

Tags:
Chapter 13 becuase your income is high
Chapter 13 becuase you have valuable assets
Chapter 13 to keep your home
Chapter 13 to reaffirm certain debts
Chapter 13 to reorganize your debts
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