Indiana Bankruptcy Lawyers: Chapter 13 Bankruptcy
When people think of bankruptcy, they often think of a Chapter 7 bankruptcy. But another form of bankruptcy is readily available to many people and has been used by millions of people to find solutions to debt challenges. A Chapter 13 bankruptcy can be particularly helpful for people with significant assets and people seeking to avoid a home foreclosure.
If you live in Lake County, Porter County or the surrounding areas of northwest Indiana, you can learn more about Chapter 13 bankruptcy by contacting local bankruptcy attorneys P. Jeffrey Schlesinger and Charles E. Stewart, Jr. in Merrillville, Indiana for a free consultation.*
Attorneys Schlesinger and Stewart each have more than 30 years of legal experience. As graduates of Valparaiso University School of Law, they have each practiced locally for many years as bankruptcy attorneys. They have helped hundreds of clients in bankruptcy and debt-related matters. If you need to speak with a lawyer about bankruptcy, attorneys Schlesinger and Stewart are pleased to offer a free and informative consultation. To schedule your appointment, call 219-682-1038. For toll-free assistance, call 877-244-2087.
What is Chapter 13 Bankruptcy?
Unlike Chapter 7 bankruptcy which is a debt liquidation bankruptcy, Chapter 13 bankruptcy is a debt reorganization or debt repayment plan. People seeking Chapter 13 relief file a proposed debt repayment plan — typically a three- or five-year plan — to a bankruptcy court judge for review and approval. If the plan is approved by the court, creditors must accept the terms of the bankruptcy court's order.
Through a Chapter 13 bankruptcy, people may be able to stop a home foreclosure, stop a wage garnishment, reduce the cost of late payment penalties, prevent an auto repossession and put an end to harassing collection calls and letters.
Contact a Local Indiana Bankruptcy Lawyer
To learn more about Chapter 13 bankruptcy, Chapter 7 bankruptcy and other debt relief services, contact attorneys Schlesinger and Stewart today.
* P. Jeffrey Schlesinger and Charles E. Stewart, Jr. are not partners, but work out of the same office space in Merrillville, Indiana.
