Bankruptcy Overview

Brooks Law Office, P.C. offers a FREE initial consultation with an Indiana bankruptcy attorney to discuss your current situation and all of your bankruptcy options. Please call today to set up an appointment so we can help you.

Brooks Law Office, P.C. files both Chapter 7 and Chapter 13 bankruptcies. With our understanding, personable staff and accommodating work hours, we can help to make the bankruptcy process both understandable and quick.

We will meet with you in person to prepare your bankruptcy case.

We will have face-to-face meetings so you are involved during the bankruptcy process. We will discuss all of your options, questions and concerns, and together we will complete the petition and schedules for your bankruptcy case. NOTE: We do not give you a packet of forms to complete by yourself.

Did you know that if you have a judgment in the county where you own real estate, a lien is placed against the property you own? If you try and sell your property while that lien is in place, you will have to pay that lien off either before or at the closing. In most situations, we can petition the court to have the lien removed from your property.

Chapter 7 Bankruptcy

Brooks Law Office, P.C. offers a flat fee for a Chapter 7 bankruptcy regardless of the number of creditors, amount of money owed or reaffirmations that are involved in your bankruptcy. A Chapter 7 Bankruptcy allows you to discharge certain debts in order to make a "fresh start." Some types of debts are non-dischargeable, but most debts are discharged in bankruptcy. You may want to reaffirm certain debts. Reaffirmation means you want to continue to make payments on secured property, usually a vehicle or home.

Chapter 13 Bankruptcy

A Chapter 13 Bankruptcy offers you a way to save your home from foreclosure and helps you to emerge free of your unsecured debts. A Chapter 13 Bankruptcy allows you to pay back all or part of the debts owed. It will allow you to consolidate all of your debts and make one monthly payment to the Chapter 13 trustee, who will then make the necessary payments to your creditors. Your repayment plan can last up to five years.

Filing bankruptcy remains on your credit report for 10 years. This does not mean you cannot get credit. Some people bounce back very quickly and are able to get credit as soon as the bankruptcy is closed. Whether you are granted credit in the future depends on many factors including:

  • Employment Status
  • Income
  • Length of Employment
  • Stability of Residence
  • Other Debts You Owe
  • A bankruptcy is considered in credit applications, but it is not the most important factor.

Call 1-866-903-9320 today to schedule your FREE consultation with our knowledgeable staff and experienced bankruptcy attorney.

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