Mounting debt can begin to feel unmanageable and overwhelming when the economy is poor — low-paying jobs or a lack of employment opportunities can quickly turn once-manageable bills into unbeatable monthly obstacles. At Thomas Tokar, Attorney at Law, I use my more than 29 years of legal experience to help you take control of your debt so you can take control of your life.
Negotiating your debt relief options
I research the best means for handling your debt, which is not always bankruptcy. When it is in your best interest to avoid bankruptcy, I can negotiate on your behalf to persuade creditors to lower your debt and accept more reasonable monthly payments.
Extensive experience with debt analysis
My compassionate approach to bankruptcy cases leaves no surprises — I truly listen to your needs and thoroughly analyze your case to determine if bankruptcy is the best option for easing your financial burden. I review your debts, income and expenses, and explain the ultimate impact of bankruptcy on your family, business, home and credit. If bankruptcy is the right choice, I answer all your questions about the bankruptcy process and the outcomes you should expect.
Reprieve through automatic stay
Creditors’ aggressive collection methods unfairly compound the stress of escalating debt. You can put an end to the constant harassing phone calls and letters meant to intimidate you into paying debts you cannot afford. As soon as you or your business files for bankruptcy, creditors must immediately stop all collection efforts — including the distressing letters and phone calls. I can deal with your creditors so you can regain your peace of mind.
Your bankruptcy options
Chapter 7 bankruptcy
- Chapter 7 bankruptcy is available to individuals and businesses looking to quickly and simply resolve your debts. Provided you pass the court’s means test, Chapter 7 bankruptcy grants you relief from debts through the liquidation of your assets. Because many household and personal items are exempt, you can make a fresh start with limited disruption to your life.
Chapter 11 bankruptcy
- If you own a business, Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan. The Chapter 11 option helps you escape debt without losing the business you struggled so hard to build.
Chapter 13 bankruptcy
- You can stop lenders from foreclosing on your home through Chapter 13 bankruptcy. Or if you and your spouse earn higher incomes, but sudden illness, job-loss or other unexpected circumstances have interfered with your ability to pay your bills, Chapter 13 bankruptcy permits you to pay debts over time in smaller amounts.
Schedule your free bankruptcy consultation with an attorney you can trust
Conveniently located in Elkhart, Indiana, Thomas Tokar, Attorney at Law serves clients in Elkhart, St. Joseph, Marshall, Kosciusko, and LaGrange.To schedule a free consultation, call 574.206.4096 or contact me online.