An Indiana Bankruptcy Attorney May be Able to Help You Get You a Fresh Start
If you're being hounded by creditors, if the phone calls won't stop, an Indiana bankruptcy attorney may be able to help you get a fresh start. Changes to the bankruptcy laws have made filing for bankruptcy much more complex. You need to know whether and how you can file for Chapter 7 bankruptcy. Filing for Chapter 13 bankruptcy may be required by law or may just be more appropriate for your situation. Wherever you stand, an
If you're afraid of losing your car or your home to repossession or if you're afraid to answer the phone for fear that it's yet another creditor on the line, don't wait. An Indiana bankruptcy attorney may have the answers you need.
Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Provide Very Different Protections
Personal bankruptcy comes in two basic forms: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Chapter 7 is what most people think of as “bankruptcy.” In a Chapter 7 filing, most unsecured debt – credit card debt, medical bills, old utility bills, unsecured loans, and personal debts can be erased. The bankruptcy trustee, however, has the option to of selling off your non-exempt assets to cover your debts. Exempt assets include a limited value for the basic necessities of life: clothing, furniture, appliances, etc. In Chapter 7, you may have to reaffirm secured debts like home and car loans or surrender the property.
A Chapter 13 bankruptcy, on the other hand, is a plan to repay some of your debts so that you can keep your home or your vehicles. A Chapter 13 plan weighs your income against your living expenses and debts and allows you to make regular payments in order keep possession of some assets. If you have regular income, but have been thrown off by uncovered medical bills or unexpected expenses, a Chapter13 bankruptcy may be the right option for you.
Talk to an Indiana Bankruptcy Attorney Before You Make any Decisions
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Just fill in our online case evaluation form or call us toll free at 1 (877) 349-1309 to schedule a free consultation with an experienced

