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ASHLEY FEDERER, YOUR BANKRUPTCY LAWYER - RENSSELAER, IN
It may have happened slowly, or it may have come upon you suddenly. You may have watched the pile of bills grow over a period of months, or you may have been in an accident that left you injured and unable to work. Whatever the case, financial troubles are not uncommon and there's plenty of help available in the form of a bankruptcy attorney in Rensselaer, Indiana.
CHAPTER 7 BANKRUPTCY AND CHAPTER 13 BANKRUPTCY
Don't go the way of St. Joseph's College! Get help before you're snowed under. We offer two great options of getting your finances on track and creditors off your back. With Chapter 7 or Chapter 13 bankruptcy, you'll be cruising smoothly down your fresh-plowed road of life once more.
One method of debt relief is Chapter 13 bankruptcy. It allows you to reorganize your debts and create a payment plan, so you have more time to pay it off. This is for debtors who make enough money that they can still put money toward paying down their debt without losing any of their possessions. Not everyone qualifies for this type of debt relief and you might fare better under Chapter 7.
Chapter 7 bankruptcy takes a different approach to debt relief and is more common than Chapter 13. Under this method, the goal is to discharge your debt rather than reorganize it. This commonly involves the liquidation of nonexempt assets in order to pay back at least a portion of your outstanding debt. Most Chapter 7 cases do not require the liquidation of any assets and it all depends upon your situation, so you may not have to give up any of your possessions. This makes it important to consult with a Chapter 7 attorney in Rensselaer, IN.