Shelby County - Chapter 7
Millions of Americans, including residents of Shelby County, Indiana, struggle with debt issues every day. While filing for chapter 7 bankruptcy is not the solution to everyone's financial problems, it can be an effective tool for eliminating debt.
If you are dealing with wage garnishment, home foreclosure, or poor credit, the bankruptcy lawyers at the Indianapolis firm of Saeed & Little LLP have over 60 years of collective experience helping individuals, families, and businesses find workable solutions to their financial problems.
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is named after Chapter 7 of the Federal Bankruptcy Code. It can eliminate all or most of your debts, although some of your property might need to be sold to partially pay your creditors. The chapter 7 process typically takes four to six months, costs around $300 in filing and administrative fees, and usually requires only one trip to the appropriate courthouse. For those living in Shelby County, the Indiana Southern District Bankruptcy Court has jurisdiction, and residents can file for chapter 7 at courthouses located in Indianapolis, New Albany, Evansville, and Terre Haute.
Should I File for Bankruptcy?
The only one that can decide whether or not you should file for bankruptcy is you. But there are some considerations you need to make, including:
- Missed mortgage payments and potential home foreclosure
- Possibility of creditor lawsuit, judgment, and wage garnishment
- Credit card balances you are unable to pay
- Considerations regarding tapping into retirement accounts or pensions to keep your home
If debt is holding you back and you are considering filing for chapter 7 bankruptcy in Shelby County, Indiana, contact the knowledgeable attorneys at Saeed & Little LLP online or call 317-800-6161. You can begin with a free telephone consultation to discuss your major concerns and receive thoughtful guidance toward possible solutions.
