Chapter 13 Attorney Lake County

Chapter 13 Attorney Lake County

“We’ve Been Helping People from Merrillville and Northwest Indiana Get Out of Debt for 20 Years”

Chapter 13 Attorney Lake County

If you are facing considerable financial hardship with no answers in sight, it can leave you feeling trapped (with few options available). A Chapter 13 bankruptcy, however, may provide you with the financial lifeline you are looking for, and your life could open up in ways that you might not have thought possible. Instead of drowning in debt and stress, reach out to an experienced Chapter 13 attorney in Lake County, Indiana, today. 

Chapter 13 Is Not Chapter 7 Bankruptcy

The kind of bankruptcy that you’re likely familiar with is Chapter 7 bankruptcy, in which some forms of debt are wiped away – but you might be left with few assets. Chapter 13 is different. With a Chapter 13 bankruptcy, you – along with the experienced guidance of your Chapter 13 attorney – will propose a repayment plan (that lasts between three and five years) to your creditors that offers to pay off a portion of your pending debt (or all of it) over that time period. Ultimately, Chapter 7 bankruptcy is a liquidation of your assets, while Chapter 13 bankruptcy is a reorganization.   

Chapter 13 can be an excellent option for all of the following:

  • If you are facing foreclosure on your house or you are seriously behind on your mortgage and fear foreclosure
  • If you are behind on your car payments
  • If back taxes are plaguing you (Chapter 13 can also stop interest from accruing on this debt)

One of the serious advantages of Chapter 13 bankruptcy is that it allows you to keep valuable – and critical – assets, such as your home and vehicle, while providing yourself with a pathway toward greater financial ease. 

How It Works

With Chapter 13 bankruptcy, you’ll be able to discharge all of the remaining debt addressed in the bankruptcy once you have completed your repayment agreement (and met all the terms therein). The terms of your repayment agreement will be based on several factors that include your disposable income. Ultimately, the amount you pay your creditors under Chapter 13 bankruptcy cannot be less than the amount they would have received if you’d filed a Chapter 7 bankruptcy. In order to qualify for a Chapter 13 bankruptcy, you must have a job (or another regular source of income) and must have some disposable income to apply toward your repayment plan.  

An Experienced Chapter 13 Attorney in Lake County Can Help

Financial worries can grind you down and make your life far more difficult than it needs to be, but if you qualify, a Chapter 13 bankruptcy can provide you with the fresh start you’re looking for. Whitten & Whitten at in Lake County, Indiana is an accomplished Chapter 13 law firm that understands how difficult your financial burden is and has the experience, compassion, and legal skill to help. Your financial future is important, so please don’t wait to reach out and contact us for more information about how we might be able to help you today.

Schedule A Free Consultation

At Whitten & Whitten, we offer a free consultation during which we will examine the facts of your case and advise you on how best to proceed

  • 9 − 3 =
  • This field is for validation purposes and should be left unchanged.

We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code. This information is designed for general information only. The information presented should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Past results and testimonials are not a guarantee, warranty, or prediction of the outcome of your case, and should not be construed as such. Past results cannot guarantee future performance. Any result in a single case is not meant to create an expectation of similar results in future matters because each case involves many different factors, therefore, results will differ on a case-by-case basis. By providing certain contact information herein, you are expressly authorizing the recipient of this message to contact you via the methods of communication provided.