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South Bend Lawyer Offers Debt Relief with Chapter 7 Bankruptcy

Stop collectors and head for a bright future by filing Chapter 7 bankruptcy

The law office of Thomas E. Panowicz LLC provides solutions for restarting your financial life so you don't feel bullied by collectors. Bankruptcy attorneys can end your aggravation and despair of constant collection efforts by putting you on the road to financial recovery.

Advantages of filing Chapter 7 bankruptcy in Indiana and Michigan

While bankruptcy seems like a scary process, you may find that it's your best option to end the stress of constant calls from creditors. We make the process understandable and alleviate your fears by explaining all of the advantages of filing Chapter 7, such as:
  • Ending creditor harassment -- We handle all of your creditors and stop harassing phone calls. When you file for bankruptcy, the court grants you an automatic stay that prevents collectors from contacting you.
  • Discharging your debts -- A Chapter 7 bankruptcy case does not involve a repayment plan. When you receive your discharge, you have no further liability for your discharged debts.
  • Rebuilding your credit -- After your discharge, you may rebuild your credit by obtaining new credit, such as by buying a vehicle and making timely payments.

How do I file for bankruptcy in Indiana or Michigan?

The law office of Thomas E. Panowicz LLC can guide you through each step of the bankruptcy process in Indiana and Michigan. Chapter 7 excuses most unsecured debts, such as credit cards. Unexcused debts include secured loans and governmental obligations, such as taxes, student loans and court-ordered support payments. Completing the Chapter 7 bankruptcy process includes important steps, such as:
  • Pre-bankruptcy credit counseling -- You must complete a course that teaches you about opportunities available for credit counseling and assist you in performing a related budget analysis.
  • Pre-discharge debtor education -- You must complete a course concerning personal financial management.
  • Meeting with a trustee -- You must attend a meeting with the trustee. Creditors also have the option to attend.
  • Receiving your debt discharge -- You receive your discharge within a few months after your filing date.
Bankruptcy law involves federal codes and state laws that determine your exemptions. You may keep property that is exempt from asset liquidation, including your vehicle, home and personal belongings.

What is the Chapter 7 means test?

To qualify for Chapter 7, your income must meet the means test. The means test establishes a threshold by comparing your prior 6 month gross average monthly income to the median income for the state where you live. If it is lower, then you are qualified to file. If it is higher, then you must continue with the means test, which allows deductions for certain expenses, and then you may still qualify.
Contact a bankruptcy attorney to discharge your debts and gain financial freedom
The law office of Thomas E. Panowicz LLC has a dedicated staff that is ready to provide outstanding service to resolve your financial problems. We have flexible office hours and offer a free initial consultation. We are conveniently located in South Bend, Indiana close to the University of Notre Dame. We also serve clients in Michigan. Free parking and public transportation are available. To schedule an appointment, contact us online or call us at 574-277-2400.
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