Crown Point Consumer Bankruptcy Attorney
Chapter 7 bankruptcy is available for people whose income is below the median income in Indiana for a household of their size. If your income exceeds the median, you probably cannot file Chapter 7 and will have to file Chapter 13. I can discuss your situation and help you determine which type of bankruptcy you qualify for.
I am Andrew L. Kraemer, a Merrillville Chapter 7 bankruptcy lawyer. I have 20 years of experience helping people get a fresh start through bankruptcy. Let's talk today and see what I can do for you. For a free initial consultation, please call 219-472-1441 or contact me online.
Filing Chapter 7
If you file Chapter 7 bankruptcy, many of your debts will be discharged, which means you will not have to repay them. Unsecured debt, such as credit cards and medical bills, are usually discharged.
You are not allowed to discharge debt for certain obligations, including spousal support (alimony), child support, student loans, taxes and wrongful death or injury judgments.
If you have secured debt, such as a house or a vehicle, those items may be liquidated. The money from the sale will go to the lien holders. You may be able to keep your house and car if you reaffirm your agreements (loans) with the lenders and are able to continue to make payments.
When you file for bankruptcy, you will receive an automatic stay. This puts a stop to all collection activities during the bankruptcy process. The automatic stay will stop creditor calls and prevent creditors from wage garnishing, filing liens, foreclosing on liens and seizing collateral or property.
Chapter 7 bankruptcy is a straightforward process that usually only takes two to three months. I may be able to file for you after just one meeting. To make an appointment, please call my office at 219-472-1441 today.