Southern Indiana’s Bankruptcy Lawyer Lloyd Koehler

The Koehler Law Office has helped over 10,000 Hoosiers eliminate debt from their lives

With so many different forms of bankruptcy and bankruptcy codes, many people seeking bankruptcy protection quickly get overwhelmed with questions. What is the difference between Chapter 7 and Chapter 13 bankruptcy? Is Chapter 11 or Chapter 13 better for my business? Can bankruptcy stop foreclosure? What do I qualify for, and what happens when I declare bankruptcy?

At Koehler Law Office, our knowledgeable and experienced bankruptcy attorneys can help you make sense of the Bankruptcy Code so that you can make informed decisions when filing for personal or business bankruptcy. Lloyd Koehler and our team of bankruptcy professionals have cultivated a reputation as one of Southern Indiana’s most respected bankruptcy firms.

CHAPTER 7 BANKRUPTCY

When you file for Chapter 7 bankruptcy in the state of Indiana, your assets are liquidated to pay off your debts, usually at a much smaller balance than what you currently owe. Some assets, such as your primary residence, are exempt from liquidation, meaning you can’t be forced to sell them as part of your Chapter 7 bankruptcy filing. This can make Chapter 7 an effective tool against stopping foreclosure. Generally speaking, to qualify for Chapter 7 bankruptcy, your income must be below that of the median income for the state of Indiana. Small businesses can sometimes qualify for Chapter 7 bankruptcy as well. For more information on Chapter 7 bankruptcy, visit our Chapter 7 bankruptcy page.

CHAPTER 13 BANKRUPTCY

Virtually anyone can qualify for Chapter 13 bankruptcy as long as their debts are less than established amounts. In Chapter 13 bankruptcy, your debts are reduced and consolidated, and you agree on a payment plan for the remaining debt with a single monthly payment to the bankruptcy trustee. This monthly payment is usually far more manageable than your current monthly payments, and when you file for Chapter 13 bankruptcy, your past-due mortgage payments can be rolled into the bankruptcy trustee, bringing you current and giving you an opportunity to stay on top of future mortgage payments now that your other monthly payments are reduced. Depending on the financial situation and organization of your business, it could also qualify for Chapter 13 bankruptcy. For more information, visit our Chapter 13 bankruptcy page.

LLOYD KOEHLER PROVIDES COMPASSIONATE DEBT RELIEF SERVICES FOR SOUTHERN INDIANA RESIDENTS

In our decades of experience as bankruptcy lawyers, we have seen the toll financial problems can take on a person’s quality of life. We understand the stress that comes with mounting debts, harassing calls from creditors and the threat of losing your home. That’s why our team of bankruptcy attorneys are committed to offering dedicated and compassionate counsel to individuals, families, and business owners throughout the 25 counties that make up the New Albany and Evansville District Bankruptcy Court. Bankruptcy doesn’t have to be a daunting process. We’re ready to stand by your side.

CONSULT WITH LLOYD KOEHLER TODAY

To schedule a time to meet with Lloyd Koehler or member of our bankruptcy support team, contact our office at (812) 785-8191 . We proudly serve individuals, families, and businesses in Southern Indiana in communities such as New Albany, Jeffersonville, Corydon, Jasper, Evansville, Boonville, Lawrenceburg, Madison and Sellersburg.