Debtors need an Indianapolis bankruptcy lawyer they trust.
Recognizing that you have a problem and getting help by retaining an Indianapolis bankruptcy lawyer should be an excellent first step in your healing process. A debtor may need an experienced Indianapolis bankruptcy lawyer knowledgeable in both Chapter 13 and Chapter 7 filings. The divorce or family lawyer may not have enough experience to really help you. Even scarier may be trying to find a good Indianapolis bankruptcy lawyer through the phone book.
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Total Bankruptcy - for help you trust
Total Bankruptcy is a cooperative effort sponsored by a nationwide group of debt consolidation attorneys. To ensure the quality of every sponsoring Indianapolis bankruptcy lawyer of Total Bankruptcy, the site is administered by the former managing partner of the country's largest consumer debt consolidation firm, Kevin Chern.
Are you in debt?
If you are in debt way over your head with no possible way to get out from under, you may need a qualified bankruptcy lawyer to save your property from your creditors. If you do have a job or some other source of regular income that you may use to make payments under a repayment plan, a Chapter 13 bankruptcy filing may be right for you. You may use Chapter 13 to liquidate the majority of your debts, set up a reasonable debt repayment plan, and get a fresh financial start. A Chapter 13 case should begin with the preparation and filing of your petition. In your petition, you should be required to list certain personal information about yourself, your spouse, and your family, and you must set forth all of your income, your property (assets), your expenses, and all debts (liabilities). Additionally, you should select the specific Indiana exemptions to which you are entitled (exemptions are the laws that prevent your creditors from taking your property away from you). Your attorney should then file your petition with the local court along with the required filing fee (which is currently $194.00).
Shortly after you file your petition, the court clerk should send a notice of your case to all of the creditors listed in your petition. After that, your case should be assigned to a trustee, who should review your case. The court should also issue an Automatic Stay order. This order should prohibit your creditors from collecting their debts from you, from repossessing your car or other property, and from starting or continuing any legal actions against you.
The centerpiece of your Chapter 13 case is your repayment plan. Typically, your repayment plan should last from three to five years. While you are making payments under a repayment plan, your creditors may not take any action against you. Basically, your repayment plan is an agreement between you and your creditors in which your creditors agree to forgive a portion of your debts to them in exchange for your commitment to repay your reduced debts over time. Most plans require you to make monthly payments to the trustee, a federal official who is appointed by the court to oversee your case and who in turn makes distributions to your creditors.
Call 1-877-349-1309 or fill out our secure online evaluation form for a free, no obligation consultation.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.