Chapter 7 is a bankruptcy proceeding where a company stops all operations and goes completely out of business. A trustee is appointed to liquidate the company assets, and that money is used to pay off debt.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy occurs when the debtor undergoes a reorganization of his finances under the approval of the court. The debtor must submit and follow through with a plan to repay outstanding creditors within three to five years.
This is one of the questions our clients ask most often. The good news is your credit can be great in just 12 to 24 months by taking the appropriate steps to rebuild your credit score! Many credit “repair” programs are nothing more than scams. These agencies promise to wipe your credit report clean.
Proudly serving Chicago, Cook, DuPage, Kane, Kendall, Lake and Will Counties.
Rae Kaplan – Owner
Ms. Kaplan graduated from Boston University in 1996 having received her bachelors degree in political science, and attended the John Marshall Law School. Ms. Kaplan graduated from law school with a 3.5 GPA and after passing the bar in 2001, began practicing law with her father, Melvin J. Kaplan, renown bankruptcy lawyer for over 58 years and author of two books including, Chapter 13 How To Get Your Creditors Off Your Back Without Losing Your Shirt.
Ms. Kaplan has helped thousands of Chicago families save their homes cars, and get a fresh start for over 15 years.
Kaplan Bankruptcy Firm, LLC helps people who, due to a variety of circumstances, must consider the possibility of bankruptcy. For the past 48 years, consumer bankruptcy has been the firm’s only business.
All critical junctures of a client’s case are handled by a highly qualified attorney. Paralegals help efficiently expedite paperwork, allowing the firm to provide an effective, professional service for a reasonable fee.
A staff attorney attends the court hearings on the client’s behalf and personally reviews all bankruptcy paperwork filed.
Appointment times are flexible, with Saturday appointments available.