Bankruptcy in Carmel
BANKRUPTCY ATTORNEYS SERVING CARMEL, INDIANA
If like many residents of Carmel, you have been impacted by the recent economic recession, you may be facing mounting credit card debt, past-due auto loan or mortgage payments, and sleepless nights spent worrying about how you're going to make ends meet and repay your creditors. Filing for personal bankruptcy may be the answer to your financial woes. The Chapter 13 and Chapter 7 bankruptcy codes offer debt relief for individuals who are unable to pay their creditors. If you live in Carmel, IN and are facing foreclosure or falling behind on credit card, auto loan, and other payments, there is help. With over 60 years of combined legal experience, the bankruptcy attorneys at Redman Ludwig, P.C., can help you determine if declaring Chapter 7 or Chapter 13 bankruptcy is right for you.
WHAT HAPPENS WHEN I DECLARE CHAPTER 13 OR CHAPTER 7 BANKRUPTCY?
In the state of Indiana, individuals who qualify for Chapter 7 bankruptcy can liquidate their assets and use that money to pay off creditors, usually at a reduced balance. However, certain assets may be exempt from liquidation, and it's important that you obtain legal counsel from a knowledgeable bankruptcy lawyer who can ensure that you get to keep exempt assets that you don't have to liquidate as part of your Chapter 7 bankruptcy filing.
Chapter 13 bankruptcy involves reducing and consolidating your debts into a bankruptcy trust, which you'll still be required to pay off, but the amount you will owe and your monthly payments will likely be significantly lower than what you're required to pay now. The skilled and compassionate bankruptcy attorneys of Redman Ludwig, P.C. have been helping residents of Carmel, Indiana find relief from their debts, and can help you determine which form of bankruptcy is right for you.
HOW WILL BANKRUPTCY AFFECT MY CREDIT SCORE AND MY ABILITY TO BORROW IN THE FUTURE?
While filing for bankruptcy in the state of Indiana will often bring your credit score to an all-time low, and bankruptcy can show on your credit report for up to ten years, you can begin immediately rebuilding your credit. By making regular payments toward your bankruptcy trust or any other debts you still owe, and by obtaining a secured credit card, you can start to restore your credit rating.
When you retain the services of the bankruptcy attorneys at Redman Ludwig, P.C., we'll advise you before, during, and after your bankruptcy to help you rebuild your financial future and raise your credit score after bankruptcy. It is this commitment to our clients that sets us apart from other Indiana bankruptcy lawyers serving Carmel.
CALL TODAY FOR A FREE CONSULTATION
Filing for personal bankruptcy in the state of Indiana doesn't have to be an intimidating process. If you live in Carmel, Indiana, or anywhere else in Hamilton County, and would like a no-cost evaluation of your financial situation, contact the bankruptcy attorneys of Redman Ludwig, P.C. at (317) 800-6181. You'll get relief from your debt, and rest easy knowing you've got Indiana's most compassionate and committed bankruptcy lawyers in your corner.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.