The most common type of bankruptcy is a chapter 7, commonly referred to as a “liquidation” proceeding. The objective of chapter 7 bankruptcy is to discharge as much of your debt as possible and to protect your assets. Many of my clients are shocked when they learn they are allowed to keep most if not all their property, including cars, retirement accounts, cash, household goods, and furnishings when filing bankruptcy.
The entire process usually only takes 4 to 6 months. Filing chapter 7, bankruptcy almost always provides immediate relief. After filing chapter 7, creditors are forced by law to stop actions against you like those below.
In chapter 7 bankruptcy, you do not make payments to your creditors, unless there is a debt “YOU” decide you want to keep paying.
If you would like more information or are interested in a FREE consultation, call our office now. We are one of Indiana’s largest consumer bankruptcy firms and would be happy to assist you. Take the first steps to get you back on your financial feet. We have helped tens of thousands of Hoosiers just like you. Not a failure, but a fresh start!