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Bankruptcy

Legal Help for Bankruptcy in Evansville

Are You Filing for Bankruptcy?

Depending on your financial situation, you'll be able to choose between Chapter 7, 11, 12 or 13.


Get all of the knowledge you need before you make a decision that will change your life.

If you feel you need to file for bankruptcy, make sure to contact us today. We provide the kind of personalized, attentive, professional service that comfortably guides clients through the complex process of bankruptcy. At our Evansville office, clients throughout Southern Indiana rely on us for legal representation that ensures debt relief.

Indiana Debt Negotiation Attorney

While bankruptcy can be completed without legal help, the complex nature of the process and the sheer volume of the paperwork involved are often best completed through the services of an experienced lawyer.
 
Attorney John Andrew Goodridge uses his trial lawyer experience and skill with Indiana bankruptcy law to zealously fight for client rights. Contact us to discuss your circumstances and how our representation for bankruptcy can help.


Chapter 7 – Liquidation for a Straight Bankruptcy

Chapter 7 bankruptcy allows clients to release their unsecured debt with no garnishments and no collections. As soon as the papers are filed, writs are extinguished. Clients no longer have to worry about financial catastrophes. They are not going to have to go to jail on a writ for not making a payment or have wages garnished to the point that they can no longer stay in their residences without the threat of eviction.
 
Chapter 7 can offer a fresh financial start for clients to be discharged from credit card obligations, medical bills, personal loans and other unsecured debt.


Chapter 11 – Stay Active in Your Business

For companies that want to remain actively in business and are worth more to owners and investors that way, Chapter 11 can be a viable method to get financial affairs in order. Stakeholders – including business owners, stockholders and creditors – can experience more profit while the business is still operating than if the business was forced to shut down and sell out at a loss.
 
Attorney John Andrew Goodridge has represented many businesses in Chapter 11 cases, so let our successful handling of complex debt relief cases work for you and your business.
 
Chapter 11 bankruptcy can also be used by certain individuals burdened by complex, personal financial issues. This guide identifies sources of new revenue or income, and ways to cut expenses.


Chapter 12 – Debt Restructuring for Farmers and Fishermen

Chapter 12 bankruptcy was approved in 1986 as part of the bankruptcy code, and in 2005, it was effectively made permanent. This action remedied a significant gap in bankruptcy provisions by outlining the terms by which farmers and fishermen can file.
Family farmers and fishermen may be eligible to restructure their debt under the guidelines set forth by Chapter 12. In many ways, they are similar to those contained in Chapter 13, but there are additional protections that are afforded to Chapter 12 filers. The law dictates specific standards for eligibility, though, so you should carefully consider these criteria:
  • The debtor works in a farming or fishing operation
  • At least half of debts are related to farming or fishing
  • Combined debts are higher than Chapter 13 limits

Chapter 13 – Pay Back Your Debt

Through a court-approved plan, Chapter 13 bankruptcy allows income to be used to pay back debt in a lump sum. Also known as a wage earner plan, Chapter 13 bankruptcy is costlier and more time-consuming than other forms of bankruptcy such as Chapter 7.
 
Chapter 13 bankruptcy is often used to stop home foreclosures. To save a home, Chapter 13 is typically the most viable option because if you are not current on your mortgage, you have to rehabilitate that loan. Chapter 13 bankruptcy requires a three-to-five-year plan to reorganize. Creation of a repayment plan through Chapter 13 can permit you to keep your home.
Get the legal assistance you deserve when you call our attorneys at 812-423-5535.