Northwest Indiana Bankruptcy Lawyers

At Manning & Mouratides, P.C., we work with individuals in complex bankruptcy proceedings throughout Northwest Indiana. Our attorneys deliver results that are tailored to each of our clients' unique financial situations, confidently guiding them through every stage of the legal process and ultimately helping them move forward when they have been overburdened with debt.

We have an acute understanding of bankruptcy proceedings. Kenneth A. Manning is a bankruptcy Trustee as well as a seasoned attorney. This dual-sided experience helps us anticipate the issues that our clients may face in bankruptcy court so we can prepare for any concern that may arise.

To find out more about how bankruptcy can help you overcome your debt burden, contact an experienced lawyer at our firm by reaching us online or by telephone at 219-227-4315 (toll free at 800-670-3894) to schedule a free initial consultation.

Lake County Attorneys Handling Chapter 7, Chapter 13 And Chapter 11 Bankruptcy

Different chapters of bankruptcy are used for different financial goals. Some of our clients walk in with mountains of unsecured debt and minimal assets. Others have a steady income and need to save their home or need to restructure debt for a business entity. We can find the right solution for any of these scenarios.

Chapter 7 bankruptcy is typically used for individuals who lack sufficient income to pay their debts and have minimal assets to consider. To qualify for Chapter 7, an individual must pass a "means test," which assesses income and debt to determine how much he or she could reasonably pay back to creditors. In most Chapter 7 bankruptcies, individuals have few assets or assets which are completely saved through bankruptcy exemptions and debts are discharged in a matter of months.

Chapter 13 bankruptcy is appropriate for individuals or families with steady income and substantial assets but insufficient cash flow to pay for debts. Through Chapter 13, debts are restructured into more manageable payment plans and that last between three and five years, depending on the income. Monthly payments are determined by several factors, such as disposable income levels and the amount of debt you have to pay.

Chapter 11 bankruptcy is used for businesses other than sole proprietorships that need to have debts restructured into manageable payment plans in order to remain in business. Chapter 11 bankruptcies are highly complicated and nuanced, so make sure you work with an experienced attorney at Manning & Mouratides, P.C., before moving forward.

Our firm can provide the information you need to make an educated decision about your finances and how to overcome debt. Choosing bankruptcy is often a debtor's best option, so do not hesitate to get the help you need. We can help.

Contact Us | Free Consultation | 219-227-4315

We are a debt relief agency providing assistance in bankruptcy matters.