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Bankruptcy

Chapter 7

  Straight Bankruptcy

  Exempt Property

  Reaffirmations

Chapter 13

  Personal and Small
  Business Reorganization

  Saving Your Home

  Saving Your Automobile

  Protecting Co-Signers

  Monthly Chapter 13
  Plan Payment

  Your Chapter 13 Budget

Chapter 11

Chapter 12


In many cases, loans are made with the requirement that a friend or family member act as a co-signer and become responsible on that loan as well. Chapter 13 provides protection to your co-signer. Your creditors are prohibited from contacting the co-signer or requesting payment from him or her since your Chapter 13 plan will provide for full payment to that creditor. The creditors must wait for payment from the Chapter 13 trustee. Your creditors are also prohibited from harassing, suing, or garnishing your co-signers.

 





5320 West 159th Street Suite 501 · Oak Forest, Illinois 60452 · (708) 687-5200

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The Urban & Burt Law Firm handles family law, divorce, DUI, bankruptcy, wills, trusts, estates, civil litigation, real estate law, business law, personal injury, and workers' compensation claims for clients in the Chicago South Suburbs and Southwest Suburbs including Cook County, Will County, and cities such as Alsip, Blue Island, Burbank, Country Club Hills, Crestwood, Crete, Flossmoor, Frankfort, Harvey, Homewood, Markham, Matteson, Midlothian, Mokena, Oak Forest, Oak Lawn, Olympia Fields, Orland Hills, Orland Park, Palos Heights, Palos Hills, Park Forest, Posen, Richton Park, South Holland, Steger, Thornton, Tinley Park, and University Park.