Bankruptcy is a sure way to eliminate the debt burden you are carrying. Many people have not and probably cannot escape the debt load left over after the recession. People who lost their jobs , lost unemployment benefits, and found part-time jobs which pay nothing compared to what they need to live on are fighting off creditors every day. The creditors will pursue the debts as long as they can, and they will hire collectors who operate on the principle if they make your life miserable enough, then you will magically find money, or print money or beg from a relative. The unreasonableness of debt collectors should be met with a bankruptcy filing.
Filing for bankruptcy is something you should do immediately to stop wage garnishments, bank account attachments, and liens. All of this stops the day you file. The relief is immediate. You can now find peace even if you want to worry about your debts, you don’t have to worry about dealing with them. This is now the task of your Bankruptcy Lawyer in Indianapolis IN who is very experienced in bankruptcy procedures. The best Bankruptcy Lawyer in Indianapolis IN can handle it all for you.
You may be afraid of loosing your home, but you won’t unless it is an obvious asset that could liquidate a lot of your debt. Otherwise, bankruptcy can prevent foreclosures. What a relief to be able to keep your home. What a bigger relief to see all of your debts wiped away.
You will have to provide a complete list of your assets and your debts. Don’t leave anything out including jewelry and cars. Every asset will be evaluated by the trustee appointed by the court for the purpose of deciding if any asset can be liquidated to pay off a debt. It is most likely you have already sold any asset worth any money.
There are two types of bankruptcy; chapter 7 and chapter 13. The attorneys at can explain these and explain their differences. Usually, people opt for Chapter 7 because this is the path to complete debt liquidation by court order.
