Chapter 13 Bankruptcy – A Case Study

Chapter 13 Bankruptcy solves multiple problems for Chicago client.

This is an actual Chapter 13 bankruptcy that our office filed in the bankruptcy courts. The chapter 13 bankruptcy helped our client do the following:

In one Chapter 13 plan our law firm set up a plan to pay off the clients entire debt to the IRS without interest. Bring her mortgage payments current and stop foreclosure. Chapter 13 also allowed our client to pay off 96,000 in credit cards with no interest for a little over $10,000.

A client came to our Office with the following problems:

1. Client owed the IRS $9,000 in unpaid taxes. The IRS was on the verge of taking the unpaid taxes out of her paycheck (called a tax levy).

2. Client was three months behind on her mortgage payments and her mortgage company refused to let her make payments on the mortgage until she paid all of the missed payments. To make matters worse the mortgage company had started the foreclosure process.

That is why our attorneys call a Chapter 13 Bankruptcy plan the Swiss Army Knife of financial tools. In one Chapter 13 plan our attorneys were able to set up a plan to pay off the clients entire debt to the IRS without interest and prevent a wage levy. Bring her mortgage payments current and stop foreclosure. Finally, this Chapter 13 bankruptcy also allowed our client to pay off 96,000 in credit cards with no interest for a little over $10,000.

Jon Dowat Attorney at Law

4320 Winfield Road Suite 200

Warrenville, IL 60555

Related video: visit to farm house essay


Leave a Reply