Hammond Bankruptcy Lawyers

If you are dealing with overwhelming debts, you are not alone. Many people find themselves in this situation. Bankruptcy provides a solution, giving people who struggle the fresh start they need. At the Law Office of Kevin M. Schmidt, P.C., our Hammond bankruptcy lawyers guide you through the process of filing for bankruptcy in Indiana. To find out if it is an option in your case, request a free consultation today.

Bankruptcy Provides a Fresh Start for Those Facing Financial Problems

Credit cards, personal loans, mortgages, and other types of financing help people acquire what they want and need. Unfortunately, unpaid balances can quickly add up. Bank Rate reports that the average person owes nearly $100,000. When unexpected events happen, it can make it impossible to pay even minimum amounts owed. Once you fall even a month, high-interest rates and penalty fees apply, making it nearly impossible to get caught up. 

Filing for bankruptcy in Indiana can provide a fresh start for people facing these types of financial problems. At the Law Office of Kevin M. Schmidt, P.C., our Hammond bankruptcy lawyers help people who have fallen behind on debts as a result of the following: 

• Job losses;
• Reductions in hours or wages;
• Struggles with businesses;
• Reduced pension benefits;
• Divorce or other personal problems;
• Accidental injuries and sudden illnesses;
• The birth of a child or having to provide care for a loved one;
• Any situation that causes you to struggle in paying your bills. 

Debts That Can Be Eliminated Through Bankruptcy in Indiana

Our experienced Hammond bankruptcy lawyers help clients find solutions to their financial problems. Filing for bankruptcy in Indiana is often the best option to get the fresh start you need.  

There are two types of bankruptcy available through the U.S. Courts. Chapter 7 bankruptcy is referred to as liquidation and requires you to surrender certain assets. Chapter 13 bankruptcy, referred to as a reorganization, allows you to negotiate payment terms on items such as your home or car. In either case, it can completely eliminate unsecured debts, including:    

• Credit card balances;
• Unsecured personal loans;
• Medical debts;
• Past taxes;
• Outstanding utility bills;
• Legal judgments. 

Once you file for bankruptcy, an automatic stay goes into effect. This puts a stop to any pending legal actions and prevents creditors from calling or otherwise harassing you. 

Request a Consultation With Our Hammond Bankruptcy Lawyers Today

If you are struggling with financial problems, The Law Office of Kevin M. Schmidt, P.C. can show you how filing for bankruptcy in Indiana may be able to help. Call or contact our Hammond bankruptcy lawyers online and request a free consultation to discuss your options today.