Filing for Bankruptcy in Indiana

Debt can spring up with little notice. Unexpected expenses or changes in your employment status can leave you feeling the pain in your back pocket. Sooner than you know, creditors are calling and harassing you for money.

You may be able to get back on track by filing for bankruptcy, a change is possible. As a bankruptcy lawyer since 1980, I have helped people in Indiana climb out of their financial holes and back onto solid ground. Call Rudolph Wm. Savich, Attorney at Law, at 812-336-7293 or contact me online to schedule an appointment today. Office Hours: M-F 9:00 a.m. to 3:00 p.m., other hours available by appointment.

Chapter 7

Chapter 7 Bankruptcy provides individuals in financial distress, a fresh start. You may be able to eliminate most of your debt by liquidating your assets, and oftentimes you are still able to hold on to a car or house. Chapter 7 provides relief from most unsecured debt. In other words, usually any money owed that is not tied to property, such as credit cards or medical payments, is forgiven.

If you owe child or spousal support, or owe the government for fines or loans, you will still have to pay those back. Additionally, you will have to take a "means test" to see if you qualify for Chapter 7 Bankruptcy. Treatment of tax obligations in Bankruptcy is complicated. The best way to know what is expected of you is to contact an experienced attorney.

Once filed, an automatic stay will halt wage garnishments, IRS levies and foreclosures. The pressure will be taken off your shoulders and an appointed representative will handle your creditors.

Chapter 13

If Chapter 7 is not right for you, Chapter 13 Bankruptcy may be the appropriate solution. Chapter 13 reorganizes rather than liquidates your debt. Additionally, it may allow you to restructure your home mortgage loans to prevent foreclosure.

A typical plan is to pay back a portion of what you owe within 3-5 years. At the end of that period, any remaining unsecured debt is discharged. This is a wage earners plan, and can provide much needed flexibility to help those with a steady income save a significant amount of money in their monthly budgets.

Handle Your Financial Hassles

By filing for bankruptcy, you can stop the repossessions, lawsuits, foreclosures, harassing phone calls and wage garnishments. At the Bloomington Law Office of Rudolph Wm. Savich, I have 25 years of experience helping people improve their finances. Call my office today at 812-336-7293 or contact me online to see what we can do to improve your financial situation.

Rudolph Wm. Savich
205 N. College Avenue
Graham Plaza, Suite 315
Bloomington, IN 47404
Phone: 812-336-7293
Fax: 812-336-7268
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Click here for information regarding fees and required disclosures.