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Golden Law PC

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Law Firm in Warsaw, IN

Debt Challenges in Warsaw, IN

If you are having financial difficulties, you are not alone. Many good people like you struggle with debt challenges in Warsaw, IN. Rather than look at bankruptcy as a financial dead end, Golden Law PC encourages you to see it as an opportunity for a fresh start. We offer affordable payment plans for our bankruptcy clients.

Choosing Between Chapter 7 & 13

Educating our clients about the different bankruptcy options is one of our top priorities. By helping you become more knowledgeable about them, you can choose the right one for you. There is one important difference between the two debt relief solutions. While Chapter 7 bankruptcy allows you to eliminate or significantly reduce your debts completely, Chapter 13 bankruptcy requires you to repay a portion of your debt to creditors. The latter is the best solution for you if you have significant income and assets.

Debt Challenges in Warsaw, IN

Picture Your Life a Few Years from Now

We recognize that bankruptcy is a scary concept for many people. You are probably worried about the effect that it will have on your credit rating. However, when you work with us, we help ease the stress of the filing process and more.

Our attorneys encourage clients to consider what their life will look like a few years into the future. In many cases, people's credit scores are much better two to three years after bankruptcy than they would have been had they continued struggling with late payments, collection actions, lawsuits, judgments, and a high debt-to-income ratio.

By filing bankruptcy now, you put a stop to financial hemorrhaging and start the process of recovery. People are often pleasantly surprised to discover how quickly they can rebuild credit once they have reduced their debt load and gained the ability to pay debts on a timely basis. We have many referral clients and thus have had the opportunity to talk to former clients a few years after their bankruptcy filing. Many clients report that they have re-established credit scores in the 700s two to three years after filing bankruptcy.