Bankruptcy

Answers to Chapter 7 & Chapter 13 Questions by a Qualified & Affordable Bankruptcy Attorney

Out of control credit card debt, overwhelming medical bills, behind on your mortgage or in foreclosure? Harassing calls from debt collectors? If any of these describe your financial situation, it's time to consult the Harris Law Firm bankruptcy attorney team.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Let us protect you from your creditors. With an experienced bankruptcy lawyer on staff, we will help you understand your rights and options. We'll explain Federal bankruptcy laws in plain English. We'll assist you in determining if you should file bankruptcy, and if so, whether Chapter 7 or Chapter 13 is best for your unique circumstances.

Don't overpay for your bankruptcy case.

Our rates for bankruptcy fees are competitive and we pride ourselves on giving your case personal attention. From the free initial consultation through resolution, you will be treated with courtesy. We respect your time and strive to maintain on-time appointments. One attorney will be assigned to your case. We will:

• Clarify Indiana bankruptcy laws regarding debt relief
• Pull your credit report from all three major reporting companies
• Give you legal advice based on your family's best interests
• Explain what debts can and cannot be included in bankruptcy proceedings
• Prepare your bankruptcy case and file it with the proper offices
• Represent you in person at creditors' meeting in trustee's office

Don't wait until your paycheck is garnished and your bank account is frozen. Today is the day to learn how you could get a fresh financial start. We're located in Crown Point and licensed in Indiana; our fee scale is based on the cost of living in Lake or Porter County in Northwest Indiana. Don't make the mistake of paying Chicago lawyers' fees for your Indiana bankruptcy. Contact us for more information.

Often, going to court is not the quickest or most cost-effective way to resolve a legal problem. We may suggest other options. Contact us today to find out how we can assist you.

FAQ

Will I lose my house or car if I file for bankruptcy?

This answer varies from case to case. Bankruptcy law permits debtors to protect a certain amount of their assets. In most cases, people keep their house and their cars; as long as they can afford to pay for them. If you have a loan against your house or car and you are current on the payments on the loans, then you can keep the house or car as long as you can continue to make the loan payments. For people who have a car that is paid in full, as long as the value of the car and your other assets does not exceed a certain amount, then you get to keep the car.

Most people who "own" their home have little or no equity in the home. Equity is the excess value of the house after subtracting the balance of the loan. For example, if a house is worth $100,000 and there is a loan against the house for $90,000, then the equity is $10,000. In the current real estate market, the value of homes is depressed. It is not unusual for a home owner to owe more on the house than the house is worth. So, as long as they are current on the loan and can afford to continue to make the payments, then they can keep the house. Consult Attorney David A. Mack of Harris Law Firm to find out exactly how a bankruptcy would affect you.