Marion County Lawyers Focused on Saving Homes and Assets in Central Indiana
Due to a vast range of adverse financial circumstances, many people across Indiana who have assets and earn solid income are struggling to save their homes from foreclosure. Others have accrued major debt suddenly or struggled to pay as much as possible until facing a creditor lawsuit or wage garnishment.
If you have solid, dependable income but cannot service all your debts and have property you want to protect, Chapter 13 bankruptcy may be the best solution. Like Chapter 7 bankruptcy, it will stop foreclosure temporarily, prevent creditor harassment and halt legal actions against you. However, Chapter 13 requires definition of a 36- to 60-month repayment plan to be approved and overseen by a court official known as a bankruptcy trustee.
Forming a Plan That Accomplishes Key Financial Goals
A Chapter 13 bankruptcy is often the best option for people who have fallen behind on payments and want to save a home or car. Substantial unsecured debt can usually be discharged, enabling regained focus on priority payments such as the mortgage. We are also familiar with "lien-stripping" strategies for eliminating second mortgages not supported by the current market value of the home.
While Chapter 13 bankruptcy plans involve important obligations you need to fully grasp before you file, understanding the process may open new doors for you. Chapter 13 offers many people unique benefits for dealing with:
- Reaffirmations and restructuring of payments over time in order to catch up on a mortgage, auto loan or other secured debt
- Non-dischargeable tax debts and arrearages on student loans or family support obligations
- Debts assumed as part of a divorce
Get Trusted, Experienced Bankruptcy Counsel Today
Applying decades of experience, our Indianapolis-based Chapter 13 bankruptcy attorneys will assess your financial situation and hear you out on your goals. Costs of our services can often be paid as part of your Chapter 13 plan, over time, making Chapter 13 an affordable solution as well as a life-changing one for many people with debt problems.
To discuss your immediate concerns and long-term financial challenges, request a free telephone consultation with one of our skilled lawyers today. We can help you find the best solution and take decisive action to regain your financial foothold.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
