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STOP GARNISHMENTS STOP FORECLOSURE STOP REPOSSESSIONS REGAIN YOUR FINANCIAL LIFE REGAIN YOUR PERSONAL LIFE REGAIN THE ABILITY TO ANSWER THE PHONE & OPEN YOUR MAIL WE KNOW YOU DO NOT WANT TO FILE BANKRUPTCY. IT WAS NOT YOUR GOAL. YOU DID NOT SET OUT WITH A PLAN NOT TO BE ABLE TO PAY YOUR OR YOUR COMPANY'S DEBT. CIRCUMSTANCES HAPPENED AND NOW YOU FEEL STUCK. WISCHMEYER LAW OFFICE CAN HELP! WE DO NOT JUDGE YOU! WE WITH HELP YOU OR YOUR COMPANY GET YOUR FINANCIAL FREEDOM BACK! When contacting our office, we will get some basic information related to you financial situation that will help guide us to determine what situation is RIGHT FOR YOU. Whether you, your spouse, your business or a combination are in a position that bankruptcy will help we can guide you to the right path.
CHAPTER 7 BANKRUPTCY – This is the most recognized type of Bankruptcy. With a Chapter 7 Bankruptcy filing the Trustee will determine whether you have any assets above the exemptions for where you live and at the conclusion of the Chapter 7 Bankruptcy Proceeding you receive a complete discharge (elimination) of your debts. In most cases, you WILL KEEP YOUR CAR, YOUR HOUSE AND YOUR PERSONAL BELONGINGS. For secured debts, such as a mortgage and auto loan, your payments must be current and you must continue to make payments to keep these items. Some debts such as certain tax obligations, student loan debts and child support arrearages cannot be discharged; however the bankruptcy proceeding can still grant you some relief from these creditors while the case is pending. CHAPTER 13 BANKRUPTCY – This bankruptcy allows you to catch up on your mortgage or car payments and keep these and other secured assets in your possession. You may be able to file a Chapter 13 Bankruptcy in less than the 8 year waiting time required for a second Chapter 7 filing to get things under control even after a bankruptcy. With a Chapter 13 Bankruptcy, you make a proposal to the U.S. Trustee to make payments for a period of 36- 60 months, depending on your situation, at the conclusion of which you have satisfied your unsecured priority debts, caught up on your mortgage and/or auto loans and paid only a small portion of your unsecured debts. Your Plan is ultimately approved by the U.S. Trustee and the Bankruptcy Court and so long as you make your payments according to the Plan you will receive your discharge. CHATER 11 BANKRUPTCY – Often considered as business bankruptcy (although individuals can pursue this Chapter in some circumstances), Chapter 11 is designed to grant relief to you where you pay your debts but you do so in a way that is designed to establish your profitability and ability to get away from the strain of overwhelming unsecured debts and monthly expenses. Attorney Fees are difficult to project in Chapter 11 Bankruptcy filings as there is significant attorney involvement during the course of your Chapter 11 Plan and fees are reviewed by and sometimes questioned by the Court and your creditors and ultimately, to be paid, must be approved by the Court as the case proceeds through its process. There will be Plans and Creditor Committees and a range of filings on the first day of filing a Chapter 11 proceeding and any business or individual comtemplating a Chapter 11 proceedings shoudl contact the attorney early so that the necessary planning can occur prior to filing that will help keep your business operational. Business General Counsel, Bankruptcy and Personal Injury Lawyer in Indiana serving Indianapolis, Shelbyville, Greenwood, Franklin, Columbus, Rushville, Greensburg, Greenfield, Martinsville, Bloomington, Connersville, Noblesville, Danville, Avon and surrounding area.
CONTACT US TODAY by calling our office at 317-429-0210 or emailing at jason@wischmeyerlaw.com to schedule a time to discuss how Wischmeyer Law Office can begin providing Legal Solutions for YOUR Life and Business! | |
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