Chapter 7 Bankruptcy in Indianapolis
For consumers unable to repay their debts, an Indianapolis Chapter 7 allows debt relief to both individuals and businesses. Ryan S. Wright has provided bankruptcy legal services for a decade in the Indianapolis and Marion County areas, as well as all of Central Indiana. He can help stop the harassing creditor calls, eliminate most debt, and minimize the emotional drain of financial woes.
Indianapolis Chapter 7 bankruptcy for businesses
A business overwhelmed with debt it cannot pay may file for a Chapter 7 bankruptcy. However, only an attorney at an experienced Indianapolis bankruptcy law firm , like Ryan Wright can help you determine if this is the right choice for you and your situation.
Personal bankruptcy in Indianapolis
Qualified individuals may file for personal bankruptcy in Indianapolis and may exempt certain assets from liquidation, which may include: Your home and/or equity in your home:
- Your car
- Your clothing
- Personal household goods
- Pensions, Retirments & Social Security/Disability Benefits
- Insurance policies
- Your money
Most debts are discharged or forgiven, however, certain debts are exempt from Chapter 7 relief including:
- Child support
- Some taxes
- Most student loans
- Court imposed fines and restitution for crimes
- Spousal support/and many parts of divorce settlements
Chapter 7 bankruptcy filing is not automatically granted, and a person or business must meet qualifications, which include:
- Averaged income requirements
- All income tax returns filed
- Credit counseling completed
- Honest disclosure of all financial and asset information
An attorney can help with your Indianapolis personal bankruptcy
A qualified bankruptcy lawyer can determine if you meet all the requirements to file Chapter 7 bankruptcy in Indianapolis. Our law firm, The Law Offices of Ryan S. Wright, has years of experience and can advise you on whether you qualify for a Chapter 7 and when to file—or whether other legal remedies are more viable.
We help ensure all procedures and forms are properly provided and that your bankruptcy goes smoothly. Contact The Law Offices of Ryan S. Wright for your Indianapolis Chapter 7 bankruptcy at 888-846-1953 or use our email form and contact us today for sound legal help in Indiana.