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Looking for a Bankruptcy Attorney Near Marion County, IN?
There are times when debt can become overwhelming for any consumer. You may be working hard to pay your bills each month, but find yourself falling further and further behind. Creditors may have started calling to collect their due. All of this has started to increase your stress. However, you may have a way to escape debt by filing for bankruptcy. The idea of filing can be intimidating, but it can also help clear your debt. If you need a bankruptcy lawyer in Marion County, IN to help you, then contact Terrence Kirby. He can help with filing both chapter 7 and chapter 13 bankruptcy. Speak to an experienced bankruptcy attorney; call the Law Office of Terrence P. Kirby today for a free consultation.
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Filing Chapter 7 Bankruptcy
Chapter 7 bankruptcy is one of the most common types of bankruptcy. It involves liquidating all of your non-exempt assets in order to pay off your debts. Before filing, however, you’ll have to assess your debt and make sure that you pass the means test. If your total household income falls beneath the state median, then you should be able to file.
Your first step in this process should be a bankruptcy attorney. They can help you assess your situation and guide you through the filing process. Afterward, you will determine which property is exempt. This property won’t be liquidated and can include things like a small amount of land and a car. The next step is to complete a mandatory credit counseling course. Afterward, you can fill out your chapter 7 bankruptcy forms and file them with the court. A trustee—or the individual who is responsible for working with your creditors to clear your debt—will be assigned to your case. They will begin the process of liquidating your assets and distributing the money to your creditors. After that, you should be mostly debt-free. The chapter 7 bankruptcy process is relatively quick, and may be completed in as few as a couple of months.
Filing Chapter 13 Bankruptcy
Chapter 13 bankruptcy is another well-known type of bankruptcy. Unlike chapter 7, you get to keep much of your property with chapter 13. Essentially, chapter 13 bankruptcy involves restructuring your debt so that you can more easily make your payments.
Before filing for chapter 13, you’ll want to create a potential payment plan that you will propose to the court. Your bankruptcy attorney can aid you in this process, if necessary. After that, much like chapter 7, you’ll be required to take a credit counseling course, fill out and file the forms, and meet with your court-appointed trustee. Your trustee will schedule a meeting with your creditors, where your payment plan will be officially presented and the creditors are able to ask questions. Afterward, a judge will determine whether or not to accept your plan. Should everything go well, you can begin making payments.
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Law Office of Terrence P. Kirby
Choose a Bankruptcy Lawyer you Can Count On
Terrence Kirby is available whenever you need help from a qualified bankruptcy attorney. He keeps his services affordable and is willing to serve individuals from all walks of life. Additionally, he is more than willing to explain the bankruptcy process to you, and can guide you through it from start to finish. He can serve as a bankruptcy attorney to anyone living in the following areas:
- Marion County, IN
- Johnson County, IN
- Hendricks County, IN
- Hamilton County, IN
- Hancock County, IN
Bankruptcy lawyer Terrence Kirby is more than willing to answer any questions you may have. If you want assistance filing for bankruptcy, then consider calling the Law Office of Terrence P. Kirby. Get a free consultation today.
The information contained on this website is presented for informational and marketing purposes only and is not to be understood as legal advice. You should consult an attorney for advice respecting your individual needs. Law Office of Terrence P.Kirby looks forward to speaking with you about your particular needs. Please note, however, that the mere act of contacting our firm does not create an attorney-client relationship. As a result, you should never send any confidential information to our office until a Representation Agreement has been signed by both you and Law Office of Terrence P.Kirby.