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Bankruptcy Lawyer Lafayette

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Bankruptcy Lawyer Lafayette

Financial challenges can put an immense strain on your life to the point where it becomes impossible to pay off your debts. When faced with such a situation, seeking the services of a skilled bankruptcy lawyer in Lafayette is crucial. With their experience and knowledge of bankruptcy laws, they can guide you through the process and help you make informed decisions about your financial future.

At Whitten & Whitten, we understand how daunting the bankruptcy process can seem. Our team is here to guide Lafayette residents through these complex legal waters, addressing your questions and concerns and supporting you when considering bankruptcy.

Understanding Your Bankruptcy Options

Bankruptcy is not an admission of failure; it’s a strategic financial tool designed to protect and offer a remedy to those in need. Before deciding to file for bankruptcy, it’s essential to understand your options. The most common forms of bankruptcy for individuals are Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy, or “liquidation” bankruptcy, involves selling certain assets to pay off your creditors, after which the remaining debts are discharged. In Lafayette, you can exempt certain property from being sold, such as your primary residence, household goods, and personal belongings. Chapter 7 is a smart option for individuals with low incomes and minimal assets.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is often referred to as “reorganization” bankruptcy. Under this bankruptcy, you create a repayment plan and pay off your debts over a period of three to five years. This option is beneficial for those who have assets they want to keep but are struggling with their current debt load.

Why You Need a Bankruptcy Lawyer in Lafayette

Bankruptcy laws are complex and constantly changing, making it difficult for individuals to navigate independently. By hiring a bankruptcy lawyer, you can have peace of mind knowing that your case is being cared for by an experienced professional who has your best interests at heart. A knowledgeable attorney can help you comprehend the intricacies of bankruptcy law, guide you through the process, and help you make strategic decisions to protect your assets.

Additionally, a bankruptcy lawyer can also help with:

  • Stopping harassment from creditors
  • Negotiating with creditors for more favorable terms
  • Ensuring all necessary paperwork is completed correctly
  • Representing you in court if needed

Whitten & Whitten: Compassionate Legal Guidance Tailored to Your Needs

Our dedicated team, including the seasoned experience of Dan L. Whitten and Stacey E. Whitten, is knowledgeable in both Chapter 7 and Chapter 13 bankruptcies. We recognize that every financial situation is unique and requires individual assessment and a tailored strategy. Our approach to helping you begins from the moment you consider filing for bankruptcy. The procedure involves:

  1. Consultation: Guidance to understand your financial picture and explore your options.
  2. Pre-Filing Assessment: Mandatory credit counseling that helps you make well-informed decisions.
  3. Filing for Bankruptcy: Officially starting the process to invoke the automatic stay against creditors.
  4. Creditors’ Meeting: Collaborating with trustees to verify and assess your financial status.
  5. Post-Filing Counseling: Learning to manage finances effectively post-bankruptcy.
  6. Discharge of Debts: Finally achieving relief from the burden of eligible debts and looking ahead.

Schedule a Consultation Today

If you are considering bankruptcy, having the right bankruptcy lawyer in Lafayette by your side is crucial. Our team at Whitten & Whitten is here to provide compassionate and personalized guidance to help you achieve financial stability. Contact us today to schedule a consultation and regain control of your financial future. Remember, bankruptcy may seem like an end, but with the right help, it can be a fresh start.  

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