Best Bankruptcy Lawyers in Evansville

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Founded in 2017
24 people in their team
English
Attorneys advocating for businesses and the families who own them.Headquartered in Evansville, Indiana, Farmer Scott Ozete Robinson & Schmitt LLP represents businesses and families throughout the Midwest and beyond. Whether you’re an entrepreneur growing a business or an individual...
Kahn, Dees, Donovan & Kahn, LLP.
Evansville, United States

Founded in 1908
31 people in their team
English
PROVIDING RESULTS-ORIENTED LEGAL SERVICES SINCE 1908The Tri-State’s Law Firm for BusinessesKahn, Dees, Donovan & Kahn, LLP, is an experienced full-service law firm in Evansville, Indiana, dedicated to effectively serving the legal needs of regional, national and international clients. Our...
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About Bankruptcy Law in Evansville, United States

Bankruptcy law in Evansville, United States falls under the jurisdiction of the Federal Law, as is the case throughout the country. It is designed to help those who cannot meet their debt obligations to start afresh by weeding out their debts. The cases are filed in the United States Bankruptcy Court, and the most common types are Chapter 7 and Chapter 13 bankruptcies. The former tends to liquidation of assets to repay the debts while the latter outlines a plan to pay off the debts while allowing the debtor to keep their property.

Why You May Need a Lawyer

Considering bankruptcy requires understanding complex laws and navigating a lot of legal paperwork. A bankruptcy lawyer can guide you through the filing process, explain the law, offer legal advice, and represent you in court. Apart from this, they can also help you understand your rights, the long-term effects of bankruptcy, and alternatives to bankruptcy, further ensuring a fair trial.

Local Laws Overview

Bankruptcy laws in Evansville are part of the larger Indiana state and U.S. federal laws. Some crucial local laws relevant to Bankruptcy in Evansville include exemptions that protect certain property types from being sold off during the bankruptcy proceedings. Indiana chooses to use its state exemptions over federal exemptions and these cover property like your home, personal belongings, wages, and pensions. There are also rules for mandatory credit counseling and debtor education courses that must be completed before and after filing for bankruptcy.

Frequently Asked Questions

What will happen to my assets if I file for bankruptcy in Evansville?

Evansville follows Indiana's state exemption laws regarding the protection of certain property during a bankruptcy proceeding. Your attorney can guide you through these to determine which of your assets may be retained.

How much does it cost to file for bankruptcy in Evansville?

Filing fees depend on the bankruptcy type. For Chapter 7, the fee is $338, and for Chapter 13, it is $313. These fees do not include attorney fees, which can vary.

Can I file for bankruptcy without an attorney?

While it is possible to file for bankruptcy without an attorney's assistance, legal complexities can make it challenging, and minor errors can have severe consequences.

How long does bankruptcy stay on my credit report?

A Chapter 7 bankruptcy stays on the credit report for 10 years, while a Chapter 13 bankruptcy stays for 7 years.

Can all types of debts be wiped out in bankruptcy?

Not all types of debts can be discharged in bankruptcy. Typically, student loans, child support, alimony, and certain tax debts cannot be eliminated.

Additional Resources

The United States Courts website (www.uscourts.gov) is an excellent resource that provides comprehensive information about federal bankruptcy procedures. The Evansville Bar Association (www.evvbar.org) can be beneficial for finding a local bankruptcy attorney.

Next Steps

If you are considering filing for bankruptcy in Evansville, the first step is to consult with a reputed bankruptcy attorney to understand your rights, responsibilities, and options available to you. They can guide you through the process and help you make an informed decision. Remember, bankruptcy is a severe legal matter and should be handled with the utmost care and professionalism.

Lawzana helps you find the best lawyers and law firms in Evansville through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Evansville, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.