Griffith Chapter 7 Bankruptcy Attorneys

Trying to file for bankruptcy can be both stressful and confusing, especially when advice seems to come from all directions. You might be leaning toward Chapter 7, while others argue that Chapter 13 might be the better, safer choice. What you truly need is clarity—a clear, comprehensive understanding of your options to confidently make the best decision for your financial future. That’s where Whitten & Whitten’s Griffith Chapter 7 bankruptcy attorneys come in. We’re here to guide you through the process and help you find real financial relief.

How Do Chapter 7 and Chapter 13 Compare?

Before diving into the specifics of Chapter 7 bankruptcy, it’s important to understand how it differs from Chapter 13. Both are types of bankruptcy available to individuals and married couples, but they have significant differences in eligibility requirements, duration, and outcomes.

Chapter 7 is often referred to as “liquidation” bankruptcy because it involves selling off certain assets to pay off creditors. This process typically takes a few months and results in the discharge of most debts. On the other hand, Chapter 13 is known as “reorganization” bankruptcy since it involves creating a repayment plan over three to five years using disposable income.

The biggest advantage of filing for Chapter 7 is that it offers a quicker and more straightforward solution for those with overwhelming debt. However, not everyone is eligible for this type of bankruptcy. To qualify, your income must be below the state median, and you must pass a means test that evaluates your disposable income.

In contrast, Chapter 13 is available for individuals with a regular income who are able to make consistent payments over time. This option allows you to keep certain assets, such as your home or car, while still getting relief from creditors.

When Chapter 7 Bankruptcy is the Best Fit

Chapter 7 is often the optimal choice in cases where debt relief is urgently needed and where income or assets may not support alternative repayment strategies. Here are some specific scenarios where Chapter 7 might be the most suitable solution for you:

• Significant Unsecured Debt: If you’re struggling with debts like credit cards, medical expenses, or personal loans that aren’t tied to collateral, Chapter 7 can help discharge these obligations.
• Low or No Disposable Income: For those who don’t have adequate income to sustain a repayment plan under Chapter 13, Chapter 7 can provide immediate relief.
• Facing Wage Garnishment or Creditor Harassment: Chapter 7 places an automatic stay on collection efforts, eliminating wage garnishment and creditor calls.
• No Significant Non-Exempt Assets: With the right exemptions, you may be able to retain most, if not all, of what you own.

At Whitten & Whitten, our Griffith Chapter 7 bankruptcy attorneys carefully analyze each case to determine whether Chapter 7 is the best course of action for your circumstances.

Why Trust Our Griffith Chapter 7 Bankruptcy Attorneys’ Judgement?

For over 30 years, Whitten & Whitten has helped countless individuals and families across Griffith and Northwest Indiana find the right path toward financial freedom. Our extensive experience allows us to identify the solutions that best fit each client’s situation. You can have full faith that your case will be handled with precision, leaving no room for doubt that you’re making an informed decision.

Step-by-Step Guidance Through the Chapter 7 Means Test

The Chapter 7 means test can be a stumbling block for many when trying to explore your bankruptcy options, as it determines your eligibility to file. At Whitten & Whitten, we work closely with you to gather all necessary documentation, calculate income, and identify allowable deductions to maximize your chance of qualifying. You’ll never feel overwhelmed by the complexity of the process—our team walks you through every detail, step by step.

Keeping What Matters Most to You

We understand that Chapter 7 bankruptcy can feel daunting, particularly the potential liquidation of assets. Rest assured, our attorneys are committed to preserving as much of your property and equity as possible. Indiana’s bankruptcy exemptions often allow clients to protect personal belongings, homes, and vehicles, and we work diligently to ensure these protections apply to your case.

Let Us Help You Make a Sound Decision

At Whitten & Whitten, we know bankruptcy is a deeply personal and often emotional decision. That’s why we’re passionate about helping our clients not only achieve debt relief but also gain peace of mind. Contact our Griffith Chapter 7 bankruptcy attorneys today. We’ll evaluate your situation, determine if Chapter 7 is the right fit for you, and provide a clear roadmap for the process ahead.