Pursuing Debt Relief Through Chapter 13 Bankruptcy
When people think of bankruptcy, they often think of a Chapter 7 bankruptcy. But another form of bankruptcy is readily available and has been used by millions of people to obtain deft relief. A Chapter 13 bankruptcy can be particularly helpful for people with a significant amount of assets and people seeking to avoid a home foreclosure.
If you live in Lake County, Porter County or the surrounding areas of northwest Indiana, contact Merrillville Chapter 13 Bankruptcy attorney P. Jeffrey Schlesinger to schedule a free initial consultation. Attorney Schlesinger applies his years of experience and legal knowledge to help clients just like you obtain debt relief.
Experienced Chapter 13 Bankruptcy Attorney Working for You
Chapter 13 bankruptcy attorney Schlesinger offers more than 30 years of legal experience. After graduating from Valparaiso University School of Law, he began practicing exclusively in the local area. He has helped hundreds of clients obtain debt relief through Chapter 13 bankruptcy. Attorney Schlesinger understand the nuances of the bankruptcy system and will help you navigate to protect your legal rights.
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 bankruptcy 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 qualifying for Chapter 13 bankruptcy, you will benefit in several ways, including:
- Stopping a home foreclosure
- Stopping a wage garnishment
- Reducing the cost of late payment penalties
- Preventing an auto repossession
- Putting 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 attorney Schlesinger, today to schedule a free initial consultation.
