Personal Bankruptcy Attorney
Northwest Indiana

Are you struggling with debt and considering bankruptcy, but aren’t sure where to start?

Most people experience financial troubles at some point in their life. Unforeseen events such as unemployment, illness, divorce, and rising interest rates can make it impossible to keep up with bills. If you’re struggling to pay your bills and are overwhelmed with stress and worry, bankruptcy can provide a protected legal solution.

Getting started does not have to be scary.

Our Attorneys will help you make informed decisions and develop a personalized bankruptcy strategy to begin to reduce or eliminate your debt so that you can get your life back on track and secure your financial future.

Understanding the difference between Chapter 7 & Chapter 13 bankruptcy


Chapter 7

Chapter 7 Bankruptcy is often referred to as liquidation bankruptcy. It is a process where an individual’s assets are sold and creditors receive payment. The debtor is allowed to keep certain exempt property, but a Bankruptcy trustee will liquidate the debtor’s remaining assets, which may result in the loss of property. A typical Chapter 7 bankruptcy case is closed within six months.

Chapter 13

Chapter 13 Bankruptcy is a reorganization bankruptcy designed for individuals with regular income, who can pay back at least a portion of their debts to creditors through a repayment plan over three to five years. One of the advantages of Chapter 13 is that it offers individuals an opportunity to save their homes from foreclosure.

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