The Law Offices of Chad M. Hayward, P.C., will soon have an office in Gary. We are pleased to bring our experienced bankruptcy representation to Gary, Hammond and northwest Indiana.
Whether you are facing home foreclosure, credit card debt or just having trouble paying the bills, our firm can assist you. Our lawyer has experience with nearly every aspect of personal bankruptcy, including life after bankruptcy. He takes the time to review your debts and income, and discuss your goals. With that information, he makes suggestions and thoroughly discusses your options with you. To schedule a free consultation with a Gary bankruptcy lawyer, please call 312-867-3640 or contact us online.
Full-Service Personal Bankruptcy Law Firm
If your income is below the median income in Indiana for a household of your size, you may be eligible for Chapter 7 bankruptcy. If your income exceeds the median, you most likely will not be eligible for Chapter 7, but you may be able to file Chapter 13 instead. An attorney can help you decide which chapter is right for you.
Under Chapter 7 bankruptcy, many of your debts will be discharged. Unsecured debts such as credit card debt and medical bills are typically discharged. You may also permanently discharge secured debts; however, you must return the property to the creditor in these situations. If you can reaffirm these secured loans and keep making the payments, you can keep the property.
If you want to keep secured property such as your home or vehicle, you must continue to make the payments. Chapter 13 bankruptcy generally makes this easier because your debts will be restructured into a repayment plan of three to five years. Under this plan, the monthly payments on your loans will be lowered.
Our knowledgeable attorney will discuss the benefits of the automatic stay and how it protects you from creditor harassment, wage garnishment, vehicle repossession and mortgage foreclosure. All chapters of bankruptcy provide the automatic stay. Once you file bankruptcy, the automatic stay goes into effect and prevents creditors from contacting you directly.
Indiana Debt Relief Attorney
Reach us to schedule an appointment at any one of our local community offices by calling 312-867-3640.