Legal Question in Credit and Debt Law in Illinois

I was unemployed for a while, so a lot of debts got piled up. I'm willing to bring them all up-to-date, as I've brought the mortgage and car loan up-to-date; but each creditor thinks he is the only one, and tries to collect directly from my paychecks, which will stop me from paying other bills that I worked so hard to bring up-to-date.

Is there any law that allows a debtor to consolidate all past due debts into one without any additional charge or middle man? What makes a creditor a "higher priority" over the others? Is there any way to wave the "cost/interest" creditors keep adding to the debtor's initial debt?


Asked on 3/25/12, 10:32 am

1 Answer from Attorneys
Jonathan Shimberg Shimberg and Crohn, P.C.

It's called Ch 13 bankruptcy.

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Answered on 3/25/12, 10:52 am


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