Best Discrimination Attorneys in South Bend, IN

Consumers typically file either a Chapter 13 bankruptcy where repayment is made to creditors or a Chapter 7 bankruptcy where the debts are discharged. The type depends on your circumstances and whether you have assets available to repay all or part of your debts. Bankruptcy laws can be tricky and involved, so determining if, when, and which type of bankruptcy you need should be made with careful thought or the input of a bankruptcy lawyer.

No. If you're a co-signer with your ex-spouse on a debt, the creditor can require the entire payment of that debt from you even though the divorce decree assigns the full debt to your ex-spouse. Your divorce decree may address any recourse you may have against your ex-spouse should he or she default on the loan obligations.

In most bankruptcies, assets such as your house, vehicle, furniture, retirement plan, etc. can be protected. However, it is extremely important that we discuss your assets in detail because proper planning can mean the difference between keeping or losing an asset.

No. Although as your option, you can file an explanation with the credit reporting agencies briefly describing the events resulting in your bankruptcy. If an account is reported inaccurately, you can request the record be updated to reflect the actual situation.

In some cases, yes, if a creditor sues you and receives a judgment against you, it is quite possible that they may also have a lien against your house. However, the bankruptcy court can often order that such judgment liens be removed or avoided.