Bankruptcy Is Not A Last Resort

In communities like ours that are home to hardworking people, bankruptcy is often seen as a last resort. However, for many people in Lafayette and throughout Indiana, bankruptcy is the first step toward debt relief and future financial stability.

If overwhelming debt has left you unable to sleep and worried about your family's future, you can get the peace of mind you need by turning to the law firm of Kimberly A. Gilbert Attorney at Law, PC, for guidance through the bankruptcy process.

The Basics Of Bankruptcy

Bankruptcy is a complex undertaking that requires an understanding of both state and federal laws. For this reason, having an experienced bankruptcy lawyer on your side is often the key to success. Our lawyer, Kimberly Wright, has focused on bankruptcy law since 1997, so she has the knowledge you need to overcome debt and ensure financial stability, regardless of which of the following types of bankruptcy fits your needs:

  • Chapter 7: A Chapter 7 bankruptcy is also called a liquidation bankruptcy. This type requires assets to be gathered and sold, and the proceeds will be used to pay off the petitioner's debt.
  • Chapter 13: A Chapter 13 bankruptcy is also called a reorganization bankruptcy. This chapter is for petitioners who have incomes that allow them to repay their debts via three-to-five year payment plans, eliminating the need for liquidation.
  • Chapter 11: Chapter 11 bankruptcies are for businesses that need time to create plans to reorganize. This type gives company leaders the time they need by offering protection from creditors.
  • Chapter 12: Chapter 12 is a type of bankruptcy created for farmers and fishermen. Family farmers in Indiana who have suffered poor harvests or other setbacks can greatly benefit from this chapter's protections.

Answers To Common Questions

Most clients who come to us ask the same common questions. First, many are unsure of whether they have enough debt to qualify. Second, most worry about their ability to buy homes in the future.

In order to answer the first question, our attorney will take the time to sit down with you and thoroughly examine your situation. Once she is familiar with your circumstances, she can determine whether you are eligible. Additionally, because a means test determines whether consumers can file for Chapter 7 or Chapter 13, she will be able to determine which type fits your situation.

Fortunately, answering the second question is much easier. Most people who successfully complete bankruptcies and work to rebuild their credit can buy homes after a few years of financial stability.

Our Other Offerings

In addition to helping clients through the bankruptcy process, we also assist consumers with mortgage servicing and creditor abuse issues. If you feel that a creditor has failed to keep accurate records or is harassing you, you can turn to our law firm for help.

We also offer special counsel services to other bankruptcy trustees. With nearly 10 years of experience as a Chapter 7 panel trustee, our attorney has the knowledge to assist with any bankruptcy, regardless of its complexity.

Take The First Step Toward Financial Security

If you would like to discover why so many people in Lafayette have turned to our law firm for debt relief, you can do so by taking advantage of our offer for a free initial consultation. To schedule your meeting, call 765-588-0832 or email our law office.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.