If you are struggling to keep up with your debt, it can be difficult to know where to turn for help. You will need to search for attorney who can help you to get out of the financial hole you’re in and back on solid ground. They know that every case is different, and the right debt relief option is not the same for everyone. That’s why some attorney firms are offering clients with a free initial consultation. They can gather the details of your personal situation and advise you on what the best path is to get you on the road to financial recovery.
What Kind of Bankcruptcy is Best for You?
Most people struggle to determine what type of bankruptcy is best for their situation. Some lawyer firms can give you advice on this during your initial consultation, also they will give you an idea of which bankruptcy you might want to consider. Some basic guidelines are listed below.
A Chapter 7 bankruptcy may be best for you if the following are true:
- The majority of your debt is unsecured
- You have little steady income to support restructured payment
A Chapter 13 bankruptcy may be the better option if the following are true:
- The majority of your debt is secured
- You wish to keep your home and vehicles you owe on
- You have enough income to support restructured payment
Engage with An Honest Debt Relief Laywer in Indianapolis
Bankruptcy is not for everyone. Some people simply will not qualify for bankruptcy, while others may be better off exploring other debt relief options. You can trust the debt relief attorney like Lynch & Belch P.C. Attorneys at Law in Indianapolis to point you in the direction that is best for your individual situation.
That’s part of the reason they offer free initial consultations. At Lynch & Belch P.C., they are willing to do what’s best for every person that walks through their doors, whether it’s with a Chapter 13 bankruptcy, Chapter 7 bankruptcy, or another debt relief option. If you don’t qualify for bankruptcy, they can help you find other options that can help.
Get Help from a Chapter 7 Attorney in Indianapolis
The crisis in the job market and the nationwide economic downturn have been in the news for several years. Though things have gotten better for many people, others still struggle to make ends meet. Whether you are suffering under crushing credit card debt, have towering medical bills that you just can’t pay, or are out of work and just can’t make ends meet, Lynch & Belch P.C. Attorneys at Law can help you get a fresh financial start.
How an Indianapolis Chapter 7 Attorney Can Help?
If you have large amounts of unsecured debt—debt that does not have any collateral to protect it—then Chapter 7 bankruptcy can completely absolve these debts, relieving you of overwhelming payments, late fees, and collection calls. Unsecured debt can include the following kinds of debt:
- Credit card debt
- Medical bills
- Most personal loans
- Collection agency accounts
- Past due utility bills
- Past due rent
If the majority of your debt is based in any of these categories, then contact Lynch & Belch P.C. Attorneys at Law today. They can help you through the process of filing for bankruptcy and help you better understand what to expect from the process.
Stop Collection Calls and Wage Garnishments
One of the most stressful parts of being in debt is the continuous, harassing phone calls from creditors. Every time your phone rings, you hesitate to answer, afraid it will be yet another call from your credit card company or a collection agency demanding payment. When debts like utility payments are far enough overdue, companies can begin to garnish your wages, taking money you may need to put food on your table. Our Chapter 7 attorney in Indianapolis can put an end to this harassment.
Let Attorney Handle the Paperwork
Many people attempt to file for Chapter 7 bankruptcy on their own, and the process is frequently delayed due to incorrect or insufficient paperwork. The right attorney can help you get everything together quickly so that your bankruptcy can be filed and collection calls and wage garnishments will come to an end. The forms for filing a Chapter 7 ask for many details that they can help you with:
- Description of property
- Current income
- Monthly living expenses
- Property exempt from the bankruptcy
- Property owned or large expenses in the last two years
- Property sold or given away in the last two years
Do You Need an Indianapolis Chapter 13 Attorney?
If you are drowning in debt, you are probably desperate for options to get out of it. Many people view declaring bankruptcy as admitting defeat and refuse to file for Chapter 13 bankruptcy no matter how desperate their situation becomes. Declaring bankruptcy is not the equivalent of throwing in the towel; it is a viable option to reorganize your debt, establish payments you can afford, and get back on the road to financial security.
What Chapter 13 Laywers in Indianapolis Can Do?
Unlike with a Chapter 7 bankruptcy, a Chapter 13 attorney in Indianapolis cannot completely absolve your debts. At Lynch & Belch P.C. Attorneys at Law, they can consult with you to determine which type of bankruptcy is right for your individual situation, and they can help you through the process of filing whichever type of bankruptcy you choose. Here’s what a Chapter 13 bankruptcy can do for you:
- Keep your home and car
- Create an affordable repayment plan
- Stop collection calls immediately
- Get you started on rebuilding your credit
If you owe money on your car or home, a Chapter 7 bankruptcy may cause you to lose this property. With a Chapter 13 bankruptcy, your debt is reorganized so that you can once again make monthly payments on what you owe and keep the car or home that you owe money on.
Perhaps one of the most stressful situations you can experience is the moment that a sale date is assigned to your home. Fear and anxiety can make you lie awake at night, wondering what you will do and where you will go if your home is taken from you. Home loan modifications can be difficult to qualify for, and can take months or even years to be processed. They can put an immediate stay on any foreclose sale by filing a Chapter 13 bankruptcy. Contact Lynch & Belch P.C. Attorneys at Law, and they will guide you through the bankruptcy filing process so that you can stay in your home and sleep better at night, knowing that your family will continue to have a roof over their heads and you are on your way to a fresh financial start.