You and your Indiana family could benefit from Chapter 13 federal bankruptcy protection. Many people have the misconception that filing for consumer bankruptcy can cause them to lose control. In reality, consumer bankruptcy is designed to help families & individuals gain a fresh start after feeling trapped by a mountain of debt.
Helping Clients Climb Out of Debt for 30 Years
For over 30 years, Cioe & Wagenblast PC has been helping individuals & families with financial freedom in the Northwest Indiana area. Contact our Carmel Chapter 13 bankruptcy attorneys in Valparaiso to learn how you can regain control of your financial situation during a free initial consultation.
How Chapter 13 Bankruptcy Works?
In a Chapter 13 bankruptcy, you can create a 3 to 5 year repayment plan, based on future earnings and ability to pay all or a portion of your debts to creditors. Chapter 13 is the preferred debt relief strategy for individuals who want to keep certain nonexempt assets or secured assets, such as their home or vehicle, but need an extended period for repayment. Chapter 13 bankruptcy is also available to those who do not qualify for Chapter 7 bankruptcy through the means test.
Benefits of Filing Chapter 13 Bankruptcy
During your free initial consultation, our Valparaiso Chapter 13 bankruptcy lawyers will explain how filing for bankruptcy can help you in a variety of ways, such as:
- Preventing mortgage foreclosures
- Stopping repossessions, wage garnishments & creditor harassment
- Allowing you to make up missed payments on a motor vehicle
- Allowing you to make back tax payments
- Allowing you to retain possession of nonexempt property
If your repayment agreement proceeds as planned, all of your remaining dischargeable debt will be released at the end of your 3 to 5 year timetable. The total amount paid to creditors under Chapter 13 should be at least as much as creditors would have received had you filed for Chapter 7 liquidation bankruptcy. To file for Chapter 13 bankruptcy protection, you must have a regular source of income as well as disposable income to apply to a Chapter 13 payment plan.
Filing for Chapter 13 Can Provide You With a Fresh Start On Life!
In addition to the reorganization & restructuring benefits of Chapter 13 bankruptcy, you can take advantage of significant debt relief. When your case is completed, all dischargeable debts are wiped away. You can stop penalties & interest, reduce the cost of vehicles and other collateral securing debts, and repay arrearages on mortgage debt.
After you have successfully emerged from bankruptcy, Cioe & Wagenblast can use our experience & knowledge of fair credit reporting & credit score problems to help you obtain future loans. Do not let the bill collectors continue their harassment. Get the help you need at the Chapter 13 bankruptcy law office at Cioe & Wagenblast PC.
Contact Our Skilled Debt Repayment Attorneys
If you are drowning in debt, contact Cioe & Wagenblast PC, to learn how you can break free from that debt. We will give you straight answers regarding the fees & costs associated with filing for bankruptcy. Our fees are low and there are no gimmicks or hidden charges. Flexible payment plans and weekend appointments are available.
Facing a legal issue? Contact us now at (219) 477-6490.