Are you struggling with debts you cannot pay, but the idea of filing for bankruptcy is frightening and intimidating? Do you worry about how a bankruptcy case will impact your financial future? If you answered yes to either of these questions, you are far from alone, as many families are dealing with the same situation these days.Â
While you might not see a possible end to your debt-related worries, a bankruptcy attorney in Lake County knows there are solutions to help people just like you. The legal team Whitten & Whitten, helps many clients overcome unpaid debts and other financial concerns through bankruptcy. We’ll review all of your options and guide you every step of the way, so please contact us directly for more information.Â
Our firm assists consumers with the entire bankruptcy process, from making the initial decision to file a case to closing your resolved case following a debt discharge. Some questions and concerns we regularly address include the following:
Of course, you likely have many additional questions in line with your specific situation, and we will carefully address your concerns until you feel confident in your debt relief decision and our services.Â
Not all bankruptcy cases are created equal, and some people have a much different experience than others. The main factor that determines the nature of your bankruptcy case is which type of bankruptcy you decide to file. This decision is often based on:
The most common type of consumer bankruptcy case is filed under Chapter 7 of the United States Bankruptcy Code. This is commonly referred to as liquidation bankruptcy, as the bankruptcy trustee might liquidate some of your property and assets to pay priority creditors before you can receive a discharge of your qualified debts. However, many people have little non-exempt property, so they lose nothing or next to nothing in their Chapter 7 case.Â
If you have significant non-exempt property or your income is too high to qualify for Chapter 7, another common option for consumers is to file under Chapter 13. This is an entirely different process that protects all of your property but requires you to make a monthly payment to the bankruptcy court for a few years before you can receive a discharge. This type of bankruptcy can be highly beneficial for the right people, however.Â
If you are unsure about whether to file for bankruptcy or need help through the process in Lake County, look no further than Whitten & Whitten. We can provide the guidance you need for a better financial future, so please contact us to schedule an appointment today.Â
These guys really took me out of a tough time. Really down to earth and made me feel at easy. Would recommend
I would suggest Whitten & Whitten and the whole office. They helped me and were so helpful and friendly. Thank you for getting me back on track.
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