Bankruptcy Attorneys for Saint Joseph County and South Bend Indiana

Bankruptcy and Debt Relief Lawyers in South Bend Indiana

Many Saint Joseph County residents find the thought of declaring personal bankruptcy intimidating, and mistakenly believe that filing for Chapter 13 or Chapter 7 bankruptcy means saying goodbye to their future financial goals. But if you are facing foreclosure, repossession of your car or other assets, or are falling behind on credit card, medical bills, or other debt payments, filing for personal bankruptcy may be the best solution to your current financial situation.

The compassionate personal bankruptcy attorneys at Saeed & Little LLP, have been serving South Bend families for years, and take pride in offering sensitive, committed legal counsel before, during, and after the bankruptcy process to help each of their clients stop foreclosure, restructure their debts, and successfully restart their financial future.

Filing Bankruptcy in South Bend

The two most commonly filed forms of personal bankruptcy in Saint Joseph County are Chapter 7 and Chapter 13 bankruptcy. When you file for Chapter 7 bankruptcy, you may be required to liquidate certain assets to pay off your debts, usually at a dramatically decreased balance. Not everyone qualifies for Chapter 7 bankruptcy, however, and some assets may be exempt from liquidation, meaning you won’t have to sell them as part of your Chapter 7 bankruptcy filing. The knowledgeable bankruptcy lawyers of Saeed & Little LLP, can help you determine whether you qualify for Chapter 7 bankruptcy, and will fight to help you keep the exempt assets that you don’t have to sell.

In Chapter 13 bankruptcy, your debts will be consolidated into a bankruptcy trust, usually a fraction of what you currently owe. You will be expected to make regular monthly payments toward the bankruptcy trust until the balance is paid off, but these payments will usually be significantly less than what you’re expected to pay now.

Raising your Credit Score After Bankruptcy

By making timely payments toward your bankruptcy trust, or any other debts that remain following your personal bankruptcy filing, you will immediately begin to rebuild your credit score. In addition, many people obtain a secured credit card, which is guaranteed by a deposit covering the full credit limit that you make at the time you open the account. This deposit can be used to pay off the credit card should you fall behind on your payments. Because these credit cards are guaranteed to be paid off by that deposit, virtually anyone, regardless of credit, can qualify for a secured credit card. By following these two simple steps, you can raise your credit score after bankruptcy.

What sets the bankruptcy attorneys of Saeed & Little LLP apart from other bankruptcy lawyers serving South Bend and throughout Saint Joseph County is their commitment to their clients and the comprehensive legal counsel they offer even after your bankruptcy filing, helping you raise your credit score and get back on track toward your future financial goals.

CALL TODAY FOR A NO-COST EVALUATION OF YOUR FINANCIAL SITUATION

If you live in South Bend Indianapolis, Franklin, Bloomington, Martinsville, Noblesville, Frankfort, Anderson, or anywhere else in Saint Joseph County Indiana, the skilled bankruptcy attorneys at Saeed & Little LLP, are ready to help you explore your personal bankruptcy options. Contact us at [csutom:phone] to schedule a free consultation.

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