Chapter 7 Bankruptcy

Indiana Bankruptcy Lawyer

Chapter 7 bankruptcy is the preferred bankruptcy for most people.  Why is that?  Chapter 7 bankruptcy allows the Court or Trustee to cancel many, if not all of your obligations and debts.  You may have heard this type of bankruptcy called other things such as a straight bankruptcy or a liquidation bankruptcy.

What are the costs for a Chapter 7 Bankruptcy?

For a chapter 7 bankruptcy the Court charges approximately $335.00 (as of 2018) for the filing fees for a bankruptcy.  We usually offer a flat fee charge for the preparation and filing of the bankruptcy petition, and representation in the bankruptcy.  For a fee quote on your case, please contact one of our Indiana Bankruptcy Attorneys to discuss.

I have filed bankruptcy before, can I file again?

If you have previously filed for bankruptcy there are time limitations on when you can file.  These range typically from 6 to 8 years, depending on whether a Chapter 7 or Chapter 13 bankruptcy was filed previously.  However, in order to fully know whether you are able to file bankruptcy again, you will need to contact our office and set up a free initial consultation with one of our Indiana Bankruptcy Attorneys.

How will the Court decide if I am eligible for a Chapter 7 Bankruptcy?

In addition to the time limitation discussed above, there are other concerns that the Court will consider.  These are things such as income, what property you might have, what debts you have, what expenses you have, what your debts are, etc.  However, in order to fully know whether you are able to file bankruptcy again, you will need to contact our office and set up a free initial consultation with one of our Indiana Bankruptcy Attorneys.

My wages are being garnished, will Chapter 7 bankruptcy fix that?

One of the biggest benefits of filing for bankruptcy is what is known as the automatic stay.  Initiating a chapter 7 bankruptcy requires creditors to cease collection activities, including things like garnishment, repossession, emptying bank accounts, etc. without further order from the Court.

Are there any debts I can’t get rid of in a bankruptcy?

Non-dischargeable debts include things like student loans, child support, and certain tax obligations.

What is the ultimate outcome of a successful Chapter 7 bankruptcy?

A Chapter 7 bankruptcy will be completed in four to six months on average.  At the end of a successful Chapter 7 bankruptcy, all of your dischargeable debts will be discharged.

I am not eligible for Chapter 7 bankruptcy, are there any other bankruptcy options?

Maybe you have too much income, or there are assets you want to protect from the bankruptcy.  Even if you find out you are not eligible or do not want to pursue a Chapter 7 bankruptcy, you might be eligible for a Chapter 13 bankruptcy.  The biggest difference between Chapter 7 and Chapter 13 is that a Chapter 13 bankruptcy will involve msoe kind of repayment plan.  However, there is many other differences between a Chapter 7 and a Chapter 13 bankruptcy, and to determine if you would be a good candidate for a Chapter 7 or Chapter 13 bankruptcy, we recommend you set up an initial consultation with one of our Indiana Bankruptcy Attorneys to discuss your options.

Please call Dollard Evans & Whalin at 317-770-7070 if you would like to learn more about the bankruptcy process, and talk with one of our Indiana Bankruptcy Attorneys.