Indiana Bankruptcy Lawyers

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Kruger & Schwartz

501 State Street - New Albany, IN 47150
(812) 945-9200

Ripke Law

Experienced Bankruptcy Advice From An Attorney You Can Trust

4705 Illinois Rd. Suite 110 - Fort Wayne, IN 46804
(260) 434-1990

Jackson & Oglesby Law LLC

Imagine...Your life debt free. Get your fresh start today. Call us to schedule a free consultation!

6520 E 82nd St Ste 101 - Indianapolis, IN 46250
(317) 288-0147

Koehler Law Office

$92 To File- Hometown Appointments Anytime-Erase Debt- Hold On To Your House and Car

400 Pearl Street Suite 200 - New Albany, IN 47150
888-288-0888

Redman Ludwig, P.C.

Helping people handle debt.

151 North Delaware Street Suite 1106 - Indianapolis, IN 46204
317-685-2426

Nolo Contributor

Law Office of Richard Batesky, Jr.

Helping people who have been hurt personally or financially.

22 East Washington Street Suite 610 - Indianapolis, IN 46204
317-638-3471

Richard F. Ruby, P.C.

Helping residents in Berrien County, Michigan, LaPorte County, Indiana and Chicago, Illinois areas with their legal needs for over 30 years.

425 W. Buffalo PO Box 177 - New Buffalo, MI 49117
269-469-0082

Doug Bernacchi [BEST CHOICE] 23 years filing BKs also serving Health Care Markets ACA Specialist

Live A Debt Free Life! And Prepare for Obamacare and avoid future medical losses. I am committed to helping my clients understand the complex future of health care. 85% of my medical bankruptcy clients had health insurance. This fact you can fix.

Serving all of Michiana - (convenient offices call for location near you in MI, IN )
(574) 210-4688

The Law Offices of Nicholas C. Catsadimas

Bankruptcy and Foreclosure Attorney

205 Jefferson Street - Valparaiso, IN 46383
219-465-6300

Law Office Of A. Jack Kopko

50 years of Bankruptcy Experience brings Success Serving Lake and Porter Counties, Indiana, with Debt Relief services, Mr.Kopko is a Board Certified Consumer Bankruptcy Attorney with the American Board of Certification.

11 Valerie Road - Portage, IN 46368
(219) 756-9390

John Andrew Goodridge, Attorney at Law

A Posey County native serving the people of Evansville with reliable legal services

1925 West Franklin Street - Evansville, IN 47720
(812) 423-5535

The Situation in the Hoosier State

With businesses closing and unemployment hovering around 10%, Indiana residents are being forced to consider drastic measures to survive the current recession. U. S. bankruptcies filed in 2008 hit record levels with over 39,000 in Indiana alone, and nearly 98% of those filed by consumers. It is estimated that 1.4 million consumer bankruptcies will be filed in the U.S. in 2009, the surge triggered by the foreclosure crisis and economic downturn.

Indiana Bankruptcy Legal Advice

The Federal Bankruptcy Law involves processes, procedures and evaluations which can be complex and confusing, including major revisions made in 2005. Seek the advice of a Indiana law firm with specific long-term experience in Indiana bankruptcy matters. Check references, if possible. A competent Indiana attorney will help you weigh your different options, make informed decisions, help you protect the security of your family and reduce your stress, while facing the realities of the situation.

Chapter 7 - The Most Common Consumer Bankruptcy Choice in Indiana

Chapter 7 is the “fresh start” chapter of the Bankruptcy Code and most commonly used. This filing results in a fair distribution of your available nonexempt property to creditors. Unsecured debts are generally discharged. Included in this process is a “means test”, used to determine your ability to pay your creditors, verifying whether Chapter 7 is appropriate or indicating that you should be filing Chapter 13. Median Family Income by Family Size and current poverty guidelines are factors evaluated when determining appropriate filing status for a given situation.

Debts Which Generally Cannot be Discharged in Your Indiana Bankruptcy:

  • Taxes owed to government agencies, such as the I.R.S., State of Indiana, County, etc.
  • Student loans (unless undue hardship can be proved),
  • Debts incurred after the bankruptcy is filed
  • Debts owed to a spouse for divorce-related obligatory expenses
  • Debts not listed or scheduled or which the debtor waived discharge
  • Debts for willful and malicious injury by the debtor to another person or property owned by another

Alternatives to Indiana Bankruptcy

Contact your creditors to try to work out payment arrangements that you can manage. Contact the non-profit Consumer Credit Counseling service to get help with a manageable repayment plan. Sell as many assets as you can and pay down your debt to a manageable level. Debt consolidation may be considered, but approach this option with caution to make sure it actually helps your situation.

Final Thoughts on Indiana Bankruptcy

Indiana residents continue to suffer, as the State’s economy struggles to recover. If you are considering filing for bankruptcy in Indiana, decisions you make and actions you take now can have a positive or negative effect on the outcome of your bankruptcy proceedings. Although some filers elect to handle their bankruptcy on their own, The U.S. Bankruptcy Court cautions that “Bankruptcy has long-term financial and legal consequences -- hiring a competent attorney is strongly recommended.” Click here to find Indiana attorney resources in your area.

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