An accumulation of debts or foreclosure can leave you full of questions as you search for debt relief. You may think you bring in too much income to file for bankruptcy. John H. Redfield & Associates, P.C., can evaluate your situation and provide the answers you seek.
Chapter 13 bankruptcy is designed for individuals or husbands and wives. It may be the right choice for people who need to repay tax debt or want to save their house, but have too many assets or have too much income to file a Chapter 7. Filing a Chapter 13 proceeding or any other proceeding immediately stops foreclosures and any other creditor action.
At John H. Redfield & Associates, P.C., you will benefit from our more than 30 years of experience with bankruptcy law. As a former bankruptcy trustee, Attorney Redfield knows both sides of the debtor-creditor relationship. Using his knowledge of a creditor's wants and needs, he more effectively helps resolve your financial problems.
Lower Your Payments. Take Back Control Over Your Life.
Accumulating debts can leave you feeling as if you have lost control over your life. Filing for Chapter 13 bankruptcy may reestablish financial control. When you file for Chapter 13 bankruptcy, your debts are reorganized. Some payments may be consolidated. This reorganization of your debts decreases your overall monthly bills and prevents the loss of your real estate. You may be able to "strip off" mortgages on your residence if the amount of your first mortgage clearly exceeds the fair market value of your residence. It probably would be necessary to hire a qualified real estate appraiser to accomplish this in court.
At the time of filing for bankruptcy, you will be required to establish a repayment plan. Typically, this plan requires you to pay back your debts in whole or in part over three to five years.
At John H. Redfield & Associates, P.C., you will receive personal attention to your debt relief needs. Your case will be handled by an experienced attorney, not by a paralegal or recent law school graduate. Contact their office today.
John H. Redfield & Associates, P.C., is a debt relief agency.
They help people file for bankruptcy relief under the Bankruptcy Code.
John H. Redfield & Associates P.C.
102 S Wynstone Park Drive Suite 201
North Barrington, IL 60010-6976
Tel: 847-382-1220 Reference #:
Fax: 847-382-1225
The law firm of John H. Redfield & Associates, P.C. represents clients throughout the Chicago, Illinois, metro area, including the cities of Barrington, Crystal Lake, Lake Zurich, Wauconda, Mundelein, Hoffman Estates, Palatine, Arlington Heights, Woodstock, Wheaton, Schaumburg, Carpentersville, Geneva, Algonquin, Huntley, Cary, Fox River Grove and Vernon Hills. They serve clients in Lake County, Cook County, McHenry County, DuPage County and Kane County.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.