Louisiana Bankruptcy Lawyers
Is a Louisiana bankruptcy right for you?
Each year hundreds of thousands of people use bankruptcy to eliminate their debts. What could it do for you? Could it help you stay in your home? Get a fresh start? Get control of your future again?
You can find out how the laws in Louisiana would apply to you by speaking with a local bankruptcy lawyer.
Get a free case evaluation with a Louisiana bankruptcy lawyer near you when you complete the free form on this page. Or, call toll free, 877-833-2410, and we'll connect you right away.
Filing Bankruptcy in Louisiana
There are two main types of personal bankruptcy in Louisiana: Chapter 7 and Chapter 13. Both are designed to clear your debt and give you a fresh start, but only one may be right for you.
Both chapters may provide relief after filing with the automatic stay. This is a court order that puts an instant end to all collection efforts on debts included in the filing. It can stop foreclosure even if the bank has already started the process. It may also halt repossession, wage garnishment, lawsuits and phone calls and letters from creditors.
The first step, then, is to look at your goals and needs. Chapter 7 is typically the fastest type of bankruptcy and may be a good fit if you don't have the income other types of debt relief require.
Chapter 7 bankruptcy is designed to clear credit card debt along with outstanding medical bills, utility bills, personal loans and payday loans. It may also help you keep your home, car and wages. Chapter 7 exemptions are a part of the law in Louisiana and the reason why there is rarely a forced property sale in a bankruptcy case.
Exemptions outline the types of property that are fully protected. This includes:
- Homestead: Up to $35,000 for a home or up to 200 acres of land outside of a municipality
- 75 percent of your disposable income
- One vehicle worth up to $7,500
- All trade and business tools, instruments and books
- All clothing, furniture, appliances and household items
- $5,000 for wedding and engagement rings
To fully understand how exemptions may cover you, speak with a local lawyer.
Chapter 13 bankruptcy, on the other, may be a better fit if you want to clear debt relating to your home mortgage and car loan. While Chapter 13 typically takes longer, it also offers the strongest property protections in bankruptcy. The length of the case may not be as important because the automatic stay will protect for the entire time of your filing.
Connect With a Louisiana Bankruptcy Lawyer Today
So which type of bankruptcy will help you the most? Get complete answers about the Louisiana laws and how they may help you by speaking with a local attorney.
Bankruptcy is a complicated process, but it may also be life changing. You don't have to live under the burden of debt.
Start taking action today by signing up for a free case evaluation with a local Louisiana bankruptcy lawyer. Simply complete the free form on this page and we'll connect you right away.
Get all of your questions and then get control of your debt.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.