While filing for bankruptcy may be the best option for you, the process might still be confusing. You know you’ll need help making your plan, and you’ll need help presenting your debts and plan to the judge. But, you might not be sure who can help.
When you’re filing for bankruptcy, why should you work with a bankruptcy lawyer in Indiana? It might seem like extra cost at a time when you’re already strapped for money. But when your debts are high, you’ll need someone like the bankruptcy lawyers at Rowdy G. Williams Law Firm to help you determine the best chapter of bankruptcy for you and your repayment plan.
If you’re struggling with bankruptcy in Indiana, speak to a lawyer before you act. You’ll need experience and help repaying your debts, and we can help.
Choose a Chapter
Once you’re in debt, you need to choose the best plan for you. But, if you’re not familiar with the different chapters of bankruptcy, it’s difficult to make the right choice. If you choose poorly, your bankruptcy plan could be denied, drawing out the process.
For example, most individuals will need to choose between Chapter 7, which liquidates your assets and wipes out your debt at once, or Chapter 13, which makes a repayment plan for your debts over the next three to five years.
However, you might not be filing for bankruptcy for your personal debts. Instead, you might be filing for a business, which means you’ll also be able to choose Chapter 11 bankruptcy to cover your debts.
If you’re filing as a family farmer or fisherman, you’ll need to file Chapter 12 bankruptcy, which is geared specifically to your needs.
Unfortunately, it’s not easy to make the decision when you’re dealing with harassing phone calls and mounting debts. Fortunately, your lawyer will have that knowledge and experience with different types of bankruptcy plans. As such, they’ll have the resources to guide you to the decision that’s best for you.
Review Your Bankruptcy Plan
When you’ve decided what bankruptcy plan is best for you, you’ll need to prepare the right documents and plans for your repayment. For example, if you’re filing for Chapter 7 bankruptcy, you’ll need to prepare a list of your assets, which may be liquidated.
In cases where you’ll implement a repayment plan, you’ll need to have prepared the plan with the help of a lawyer or trustee. They’ll guide you through the repayment process, how much your payments will be, and what debts will be discharged once you’ve paid your other debts. By working with a bankruptcy lawyer, you’ll know what to expect before you file.
Get Personalized Help
When you’re struggling with overwhelming debt and calls from creditors, you already have money trouble and a lot of stress on your mind. So, why work with a bankruptcy lawyer?
While you might be concerned about the lawyer fees, you’ll need someone to guide you through filing for bankruptcy and making a repayment plan that works for you. Fortunately, the bankruptcy lawyers at Rowdy G. Williams Law Firm can provide that.
If you’re struggling with debt and you need a bankruptcy lawyer, call us for help with your case. We can be reached by calling 1-812-232-7400 or by completing the form below.