Bankruptcy Laws In Indiana
If you have a legal matter that you need an attorney to advise you in, Richard Batesky is an experienced attorney that knows the new bankruptcy law change and can guide you through your complex financial and legal issues.
Chapter 7
"Liquidation" chapter.
Indiana Chapter 7 Bankruptcy Lawyers occasionally refer to it as a "straight bankruptcy." It is used mainly by individuals and married persons who wish to liberate themselves of debt. Under Chapter 7 - Income, expenses, assets, and additional financial information are scheduled in the petition filed with the court. Exemption laws that apply are called upon in order to protect the maximum amount of property allowed by law.
Do you have a legal matter and need to speak to an attorney who is familiar with new Indiana Bankruptcy Laws? Contact an Indianapolis Bankruptcy Attorney for more information on Bankruptcy Laws in Indiana today!
Filing bankruptcy can help with debts such as:
• Credit Card Debt
• Medical Bills
• Most Personal Loans
Chapter 11
Reorganization under the Bankruptcy Code.
This chapter of the Bankruptcy Code provided (generally) for reorganization, usually involving a corporation or partnership. (A chapter 11 debtor usually desires a plan of reorganization to keep its business functioning and pay creditors over time. Individuals in business or persons can also seek relief in chapter 11.)
Chapter 12
Family Farmer or Family Fisherman Bankruptcy.
This chapter of the Bankruptcy Code normally provides for adjustment of debts of a "family farmer," or a "family fisherman" as those terms are defined in the Bankruptcy Code.
Chapter 13
Individual Debt Adjustment.
This chapter of the Bankruptcy Code provides for adjustment of debts of an individual with regular income. (Chapter 13 allows an individual to keep property and pay debts over time, usually three to five years.)
Do you have a legal matter and need to speak to an attorney who is familiar with new Indiana Bankruptcy Laws? Contact an Indianapolis Bankruptcy Attorney for more information on Bankruptcy Laws in Indiana today!
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