Bankruptcy law in Indiana is complex, and it is essential to work with experienced bankruptcy attorneys in Schererville on your case. When you are considering the possibility of filing for bankruptcy, you will want to work with a lawyer who can evaluate your circumstances and discuss your eligibility for different types of bankruptcy. Once you know what kind of bankruptcy petition you will file, it will be important to have an attorney in Indiana representing you at every stage of the bankruptcy process. At Whitten & Whitten, we serve clients in a wide range of bankruptcy cases and can speak with you today about your options.
Our experienced bankruptcy attorneys in Schererville assist clients with many kinds of bankruptcy issues and cases, including but not limited to the following:
Your eligibility for bankruptcy will depend upon the type of bankruptcy you are planning to file for in Schererville, Indiana. Bankruptcy law in the United States has specific requirements for individuals seeking a liquidation bankruptcy under Chapter 7. Most importantly, for a consumer to be eligible to file for Chapter 7 bankruptcy, they will usually need to pass something known as the “means test” to prove that their assets and income are limited enough for a liquidation bankruptcy to be sensible and not abusive.
To qualify for a Chapter 13 or Chapter 11 bankruptcy case, you will need to prove that you earn a regular wage or regular income since these types of reorganization bankruptcies are also known as bankruptcies for wage earners, or a “wage earner’s plan.” In a reorganization bankruptcy, assets are not liquidated. Instead, the debtor develops a court-approved repayment plan through which debts are reorganized, and debtors have an opportunity to catch up on accounts.
Bankruptcy exemptions allow debtors to keep the property (and to avoid having it liquidated) in Chapter 7 bankruptcy cases, while exemptions help to determine the total amount of a debtor’s repayment plan in reorganization bankruptcies. Although some states allow debtors to choose between federal and state bankruptcy exemptions, debtors who file for bankruptcy in Schererville will need to use the Indiana exemptions set forth under state law. There are a variety of exemptions, and the following are some examples:
Whether you have questions about the bankruptcy process or need help with your bankruptcy case, you should get in touch with one of the experienced Schererville bankruptcy attorneys at our firm. We are committed to serving clients in a range of bankruptcy matters, and we can evaluate your circumstances for you today to discuss your eligibility for different types of bankruptcy. Contact Whitten & Whitten to learn more about the services we provide to clients in Indiana.
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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