Crown Point Bankruptcy Lawyers
Crown Point

Bankruptcy Lawyers

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

When You Need Bankruptcy Advice, Call A Crown Point Bankruptcy Lawyer

Sometimes life gets out of hand, and your finances go with it. People can be left in a financial pinch, with creditors calling, demanding repayment on your outstanding debts. Sometimes it makes sense for an individual who is in debt to declare bankruptcy in order to discharge some, if not all, of their debts. Deciding whether to file for bankruptcy is a big decision that should not be taken lightly.

How Bankruptcy Can Help You

Bankruptcy is a legal way to discharge your debts, or reduce the amounts that you owe. It can be a very useful means of dealing with your financial situation, but bankruptcy comes with certain limitations and consequences that you should be aware of if you are considering filing for bankruptcy. A few examples include:

  • You must be eligible to file bankruptcy in the first place.
  • Some debts are not dischargeable through bankruptcy, such as child support obligations and student loans – so you might not be able to discharge all of your debt with bankruptcy.
  • If your bankruptcy is successful, you will be barred from filing for bankruptcy again for a set amount of time.
  • Declaring bankruptcy will have an impact on your credit rating, which can make it more difficult to get banks to lend you money or credit in the future.  

Before you make any sort of decision about proceeding with bankruptcy, you should speak with an experienced Crown Point bankruptcy lawyer to get a better understanding of what options may be available to you.

Choosing Between Chapter 7 and Chapter 13, We Can Help

Bankruptcy law can be complicated to those who are unfamiliar with it. One of the most confusing aspects of bankruptcy law is that there are different types, also known as chapters. Each type of bankruptcy is good for certain debtors who meet certain eligibility criteria. Once an individual determines the chapter of bankruptcy law that applies best for their particular situation, they can file for bankruptcy under that chapter. A brief overview of the most frequently used types of bankruptcy includes:


  • Chapter 7 Bankruptcy. Chapter 7 is one of the most common forms of bankruptcy that individuals and businesses use to discharge their debts. Eligibility requires that the debtor satisfies a means test, meaning that their income level must be less than Indiana’s median income for the whole state. In this form of bankruptcy, most assets are liquidated, and the debtor walks away from nearly all of his or her debts.


  • Chapter 13 Bankruptcy. Chapter 13 bankruptcy is for individuals who are interested in restructuring their debt. This type of bankruptcy is also typically used by individuals who do not qualify for Chapter 7 bankruptcy. Under this type of bankruptcy, debt is restructured, and some creditors will be paid in full, while others will be paid a reduced amount.

Talk To A Crown Point Bankruptcy Attorney First

If you are considering bankruptcy as an option for your financial situation, it is important that you take the time to consult with a Crown Point bankruptcy attorney about what options you have. The professionals at the Schmidt Whitten & Whitten are ready and available to help you. Contact us online, or you can give our office a call by dialing 219.756.0555.

Schedule A Free Consultation

At Schmidt 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

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Our Phone Number219-756-0555
Contact via
Our Location200 E. 80th Place
Suite 110
Merrillville, IN 46410
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.
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