bankruptcy lawyer

Filing Bankruptcy in Indiana

Bankruptcy is extremely prevalent in Indiana – the state had the fifth-highest per-capita bankruptcy filings in the nation for 2009. Whether the debt is caused by poor planning or unforeseen events such as job layoff or emergency medical expenses, bankruptcy may provide a viable answer to your financial problems.

Deciding whether bankruptcy is right for you will depend on the various factors affecting your case. The type of debt you owe is extremely important, as well as the two different types of bankruptcy you may choose to pursue. A bankruptcy lawyer can help you sort through these key factors and evaluate whether Chapter 7 or Chapter 13 is most appropriate for your situation.

U.S. Bankruptcy Code protects certain types of property from being collected in your case to protect you from losing all of your assets to bankruptcy. These bankruptcy exemptions vary from state to state and depend on both state and federal law. Indiana bankruptcy law requires its residents to use their state exemptions in place of the federal exemptions. For additional state-specific information pertaining to the Indiana bankruptcy process, refer to the resources below: