Bankruptcy Attorney in New Albany, IN
The attorneys at Church, Langdon, Lopp, Banet Law have years of experience providing quality representation to New Albany, Indiana and surrounding communities.
Filing bankruptcy will be an important decision. Our firm can help relieve some of the stress and confusion. Your attorney will provide knowledge and expertise so you can successfully complete the bankruptcy process.
Should You File Chapter 7 or Chapter 13 Banruptcy
Whether you should file Chapter 7 or Chapter 13 bankruptcy depends you particular circumstances. How much debt you owe, your income and future goals must be considered.
Chapter 7 and Chapter 13 bankruptcy each offer their own set of pros and cons. Anyone considering bankruptcy should consult an experienced attorney to help them determine the best solution.
Read the descriptions below to learn more about the difference between Chapter 7 and Chapter 13 bankruptcy.
Chapter 7 Bankruptcy
Chapter 7 requires liquidation of assets. A court-appointed trustee will sell your non-exempt assets to help pay back debt you owe.
Chapter 7 bankruptcy doesn’t mean you will necessarily lose everything. Indiana state law has exempted certain assets such as your home, that you won’t be forced to liquidate.
With Chapter 7, you will get a fresh start.
Chapter 13 Bankruptcy
Chapter 13 creates a path to pay creditors, without requiring you to liquidate assets. In return, you’ll be required to adhere to a strict payment plan. Chapter 13 bankruptcy can help you prevent foreclosure or repossessions.
Debt restructuring could be another aspect of your Chapter 13 bankruptcy. You could potentially reduce interest rates or amounts owed on unsecured debts.
Contact Our Bankruptcy Lawyer and Get Your Bankruptcy Questions Answered
Whether you’re filing Chapter 7 or Chapter 13 bankruptcy, the lawyers at Church, Langdon, Lopp, Banet Law can help. We understand the issues and can guide you through the process. We will work closely with you and help you make the best decisions possible.
For skilled and knowledgeable representation, contact us by calling 812-725-8224, using the chat right here on the screen or filling out our online form. Based in New Albany, Indiana, we proudly serve communities throughout Kentuckiana, including: Floyd County, IN; Harrison County, IN; Scott County, IN; Washington County, IN; Jefferson County, IN and Clark County, IN.
Attorney April Geltmaker
Well known Southern Indiana Attorney, April Geltmaker, has joined CLLB (Church, Langdon, Lopp, Banet) Law as the newest attorney. Geltmaker joins the CLLB Firm after serving as General Counsel for Greater Clark County Schools. . [ Attorney Bio ]