Dedicated Dyer Chapter 13 Attorneys

Lake County Consumer Bankruptcy Lawyers With Decades Of Experience

Sometimes, people who suffer financial hardship have jobs or other income and can still pay a portion of their debts. When that happens, filing for Chapter 13 bankruptcy might be the best course of action.

Manning & Mouratides, P.C., is a Lake County, IN Chapter 13 law firm that guides financially struggling individuals and small business owners in their pursuit of financial relief. We also are qualified Dyer Chapter 7 attorneys and Chapter 11 attorneys.

Chapter 13 bankruptcy was designed for people with regular incomes that are insufficient to cover their debts. Under Chapter 13, your debt is consolidated and you pay back a percentage of the debt over three to five years, at low or no interest. The repayment plan is overseen by a court-appointed trustee.

What You Need To Understand About Chapter 13 Bankruptcy

Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, many cases that once were eligible for Chapter 7 relief now must be filed as Chapter 13 bankruptcies.

Chapter 13 bankruptcy can be useful if you face foreclosure, repossession of a vehicle or wage garnishment. It also protects you from persistent calls from creditors.

When you file, our Chapter 13 attorneys include a proposed plan to pay all priority claims against you, including taxes, in full. Once your plan is approved, you make monthly payments to the bankruptcy trustee, who then distributes the funds to your creditors according to your plan. Approval of your plan requires the skillful guidance of an attorney such as those at Manning & Mouratides, P.C.

At Manning & Mouratides, P.C., we have seen bankruptcy from all angles in our decades of bankruptcy law practice. We afford clients a unique perspective and knowledge of the process. At each stage, we ensure clients understand what is happening and the strategy for getting through it. We aim to eliminate the fear and confusion surrounding a bankruptcy.

When Filing For Chapter 13 Makes Sense

Under the current law, some individuals seeking relief must file for Chapter 13.

If you need some breathing room to pay your debts, Chapter 13 could be your best bankruptcy option, especially if you:

  • Are behind on your mortgage payments
  • Owe the IRS
  • Have previously filed for Chapter 7
  • Need relief from collection proceedings
  • Have debts with co-signers
  • Can pay your debts within three to five years

While unpaid taxes cannot be discharged, a Chapter 13 bankruptcy may save you thousands of dollars in interest and penalties owed on those taxes. If you have large tax delinquencies, these savings may strongly favor a Chapter 13 filing.

For more information, please see our Frequently Asked Questions About Bankruptcy.

Lake County, IN Chapter 13 Attorneys You Can Trust. It Is That Simple.

If you are considering Chapter 13 bankruptcy, it is vital that you speak to an attorney who knows your options under the law. Contact Manning & Mouratides, P.C., online or at 219-227-4315 to capitalize on our Dyer Chapter 13 lawyers' unwavering work ethic and decades of experience.

We are dedicated to providing the best legal representation to clients in Dyer and all of Northwest Indiana.

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