• Free Bankruptcy

    Evaluation

    Start on the road to financial freedom; contact us today for a free evaluation.

    Start Now
  • Read What Our

    Clients Are Saying

    Our results speak for themselves; see what our clients are saying.

    Read More
  • Seven Convenient

    Locations

    We have many locations to serve you, click here to find your nearest location.

    Contact Us
  • Meet Our

    Team

    Our team has 30+ years of experience. Get an experienced team on your side.

    Click Here

Understanding the Three Main Types of Bankruptcy Cases

Even if you consider yourself to be a fiscally responsible person, there could come a time when you suffer financial troubles. If credit counseling isn’t enough to pull you out of debt, you may need to settle for bankruptcy.

This video offers a look at the three most commonly filed types of bankruptcy. Chapter 7 liquidation involves the discharge of debts in exchange for certain pieces of non-exempt property. Chapter 13 reorganization allows the debtor to catch up on late payments through a three-to-five-year repayment plan. Chapter 11 bankruptcy is a lot like Chapter 13, but with a higher debt limit.  

To learn more about common types of bankruptcy, trust the Aurora bankruptcy attorneys at Cutler & Associates, Ltd. We’ve been helping individuals get through the bankruptcy process since 1990. Call (847) 505-0380 to learn more. 

FREE Bankruptcy Evaluation

Fill out the form below and one of our experienced attorneys will get in touch with you immediately.