DEBT RELIEF FOR RESIDENTS OF HENDRICKS COUNTY, INDIANA
Bankruptcy in Hendricks County
The recent economic recession has had a profound impact on families in Hendricks County. Countless Indiana residents have lost their jobs, had their homes foreclosed on, and endured serious financial hardship. If you are having a hard time making your credit card, auto loan, mortgage, and other debt payments each month, or are facing foreclosure or repossession of your car, filing for personal bankruptcy may be the answer to your financial troubles. With over 60 years of combined legal experience, the Indiana bankruptcy attorneys at Redman Ludwig, P.C., help Hendricks County residents get relief from their debts by providing committed, compassionate debt relief service.
WHICH FORM OF BANKRUPTCY IS RIGHT FOR ME?
In Hendricks County, the two most common forms of personal bankruptcy are Chapter 7 and Chapter 13 bankruptcy. Under Chapter 7 bankruptcy in the State of Indiana, your assets will be liquidated to pay off your debts, usually at a dramatically reduced amount than what you currently owe. However, not everyone qualifies for Chapter 7 bankruptcy, and some assets are exempt from liquidation, meaning you don't have to sell them as part of your bankruptcy filing. An experienced bankruptcy lawyer can help you keep the assets you don't have to sell.
Chapter 13 bankruptcy means having your debts reduced and consolidated into a bankruptcy trust. After you bankruptcy trust is established, you'll be required to make regular monthly payments toward that amount until it is paid off.
HOW DO I RAISE MY CREDIT SCORE AFTER BANKRUPTCY?
By faithfully making you payments to your bankruptcy trust or other remaining debts on time, you'll begin raising your credit score after bankruptcy. A secured credit card is also a great way to start rebuilding your credit. When you open a secured credit card, you put down a deposit covering the entire credit limit, to guarantee that the bank issuing the card can use that money to pay off the balance if you fall behind on your payments.
Many of our clients are surprised to learn how quickly their credit score rises if they follow these simple steps. At Redman Ludwig, P.C., our dedicated bankruptcy attorneys will work with you before, during, and after your bankruptcy filing to help you successfully restart your financial future and get back on the right track toward your future financial goals.
CALL TODAY FOR A FREE CASE EVALUATION
If you live in Danville, Avon, Brownsburg, Plainfield, or anywhere else in Hendricks County and are wondering if bankruptcy might be the solution to your current financial situation, contact the Indiana bankruptcy lawyers at Redman Ludwig, P.C., at (317) 800-6181 to schedule a no-cost consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.