Resolve Your Personal Debts With Our Experienced Bankruptcy Attorneys
The economic climate is uncertain, and even people who are scrupulous about their finances may actually be one unfortunate accident or mistake away from financial ruin. An unexpected job loss, divorce, death of a close family member who provides for you, or a devastating injury or illness can quickly derail your financial security. If you’re over your head in debt, worried about losing your home, and scared that creditors are going to seize your bank accounts and property, turn to our experienced Lisle, IL Chapter 13 bankruptcy lawyer.
At Madden Law LLC, we provide insightful, client-focused bankruptcy advice and assistance. We can help you understand the difference between Chapter 13 and Chapter 7 bankruptcy so you can determine which is right for you, develop a repayment plan for debts you cannot discharge, and protect as much of your assets as possible. Contact us to learn more about how we can help you find debt relief.
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How Our Lisle Chapter 13 Bankruptcy Lawyers Protect You
Many people opt for Chapter 13 bankruptcy because they have received a pre-foreclosure notice on their home, or their house is already in foreclosure. We can help stop these proceedings and give you a little breathing room and time to determine the best next steps. If this situation applies to you, know that we are committed to helping you stay in your house, keep your equity, and achieve a compromise with your lender.
Maybe you have thousands of dollars, or even tens of thousands of dollars, in unsecured debts, and you cannot possibly pay them back. A Chapter 13 bankruptcy filing may help, in that you can discharge many debts and create a reasonable plan for repaying the rest. If you have seriously delinquent payments for assets like a vehicle or other secured loans, we can negotiate with the lender on your behalf and include the repayment plan as part of your Chapter 13 filing.
We know that you’re busy trying to work to pay back your debts, or you may even be struggling to find a job. As a full-service bankruptcy law firm, you can trust our attorneys to handle all the legal aspects of your bankruptcy filing. We ensure that all the forms are properly filled out, so there is no delay in the process or denial of your petition. And, we can even communicate with creditors on your behalf, negotiate a repayment plan you can realistically commit to, and alleviate much of the stress and worry you’re feeling.
Are You Eligible For Illinois Chapter 13 Bankruptcy?
Not everyone is eligible for Chapter 13 bankruptcy in Illinois. It’s specifically intended to provide relief and time for people in debt so that they can get help financially stabilizing themselves and begin repaying creditors.
It differs from Chapter 7 bankruptcy in that it’s better for people with steady incomes and a commitment to paying their debts. You can consolidate all your creditors into one lump sum, then make one monthly payment that you can afford with what you’re earning. You have a specific time period for repayment, but you must make every payment on time. At the end of your repayment plan, the remainder of your debts may be discharged.
If you owe more than you can repay, Chapter 13 bankruptcy may be right for you. Please contact Madden Law LLC for a consultation with our Lisle Chapter 13 bankruptcy lawyer.
Types Of Chapter 13 Bankruptcy Cases We Handle
Chapter 13 bankruptcy offers individuals a way to reorganize their debt into a manageable payment plan, often over three to five years. At Madden Law LLC, we work closely with clients who are trying to keep their homes, manage secured debts, or catch up on missed payments while avoiding foreclosure or repossession. With a focus on local, cost-effective legal support, we help individuals use Chapter 13 to regain financial control without starting over completely. Our founding attorney, Dave Madden, spent more than two decades representing corporations and high-net-worth individuals at major national and regional law firms before establishing our practice in 2025 to serve the Lisle community and surrounding areas. Our Lisle, IL Chapter 13 lawyer helps clients structure repayment plans that work within the framework of the law and address their particular financial goals.
Stopping Foreclosure
Homeowners who have fallen behind on mortgage payments often use Chapter 13 to prevent foreclosure. We help structure repayment plans that allow our clients to catch up on overdue payments while keeping their homes.
Managing Vehicle Repossession
If a car is at risk of being repossessed due to missed payments, Chapter 13 may help protect it. A repayment plan can often include past-due auto loan payments and sometimes reduce the loan balance depending on the vehicle's value.
Consolidating Tax Debt
Certain types of tax debt can be included in a Chapter 13 plan. Our Lisle Chapter 13 lawyer will assist clients in identifying which IRS or state tax obligations can be repaid over time and help avoid further collection actions.
Prior Dismissed Chapter 7 Cases
Some clients who previously filed Chapter 7 and now need further relief may be eligible for Chapter 13. We work with individuals in this situation to develop feasible payment plans while protecting their assets.
Divorce-Related Debt Issues
Following a divorce, some people face unmanageable debt from joint obligations or legal fees. Chapter 13 can be used to manage those debts, provided they are eligible under bankruptcy law.
Protecting Non-Exempt Property
Clients who want to retain certain property that would otherwise be sold under Chapter 7 may benefit from a Chapter 13 case. This allows them to keep valuable assets while making structured payments.
Stopping Wage Garnishments
For clients whose wages are currently being garnished, a Chapter 13 filing can stop garnishment and roll those debts into a repayment plan. This often brings immediate relief and more control over their finances.
Self-Employed Or Inconsistent Income
Self-employed individuals or those with fluctuating income can still qualify for Chapter 13. We help assess income history and create a plan that reflects the ups and downs of variable earnings.
Medical Debt Repayment
High medical bills can be included in Chapter 13 plans. We work with individuals dealing with ongoing healthcare costs to organize their repayment while maintaining access to medical services.
Student Loan Repayment Support
Although student loans typically can’t be discharged, Chapter 13 can provide temporary relief by pausing collection efforts and including payments in a broader plan. We help clients address this within their long-term financial picture.
Speak With Us
At Madden Law LLC, we understand how difficult it can be to deal with overwhelming debt. If you're considering your options for reorganization, our Lisle Chapter 13 bankruptcy lawyer team can help determine if this approach fits your situation. Contact us today to take the next step toward financial relief and stability.
Fill out the form below to request a no-obligation consultation or call (312) 625-2211