Maybe you fell behind on mortgage payments after you lost your job. Or maybe you are struggling to keep up with credit card bills after you accepted a job that pays less than what you were previously making. Whatever the story is behind your financial troubles, the good news is that you have options.
Blake N. Dahl assists clients throughout Porter County, IN and many areas of the Hoosier State with bankruptcy filings. We understand that good people can often find themselves in bad situations, and our firm evaluates the financial situations of clients to help them find the best answers to their particular dilemmas.
Skilled Porter County, IN Bankruptcy Lawyers
There are generally two types of personal bankruptcy that individuals may be able to file:
- Chapter 7 — Also known as liquidation bankruptcy, a person filing Chapter 7 will discharge all of his or her unsecured debts, such as credit card charges, personal loans, or medical bills. However, secured debts such as mortgages or car loans will not be discharged. The process generally takes only four to six months, but the individual will first need to pass the bankruptcy means test to determine whether he or she is eligible.
- Chapter 13 — This is a reorganization bankruptcy in which some of the individual pays back all or a portion of his or debts over a three to five year period. Under this plan, a person only pays back what he or she can afford. An individual could also be able to remove a second mortgage while still saving his or her home from foreclosure.
Our firm provides legal assistance in these matters for clients in Porter County, IN as well as nearby communities in Elkhart County, Starke County, LaPorte County, St. Joseph County, and Lake County. Contact Blake N. Dahl – Attorney at Law today to let our attorneys review your case and discuss your legal options.