Indiana Chapter 13 Bankruptcy

What you need to know...

When someone speaks about the different types of bankruptcy (e.g., Chapter 7, Chapter 13, etc.), what they are really referring to are the chapters of the U.S. Bankruptcy Code which deal with the specific type of bankruptcy. Chapter 13 Bankruptcy provides for adjustments of your debts, if you still have a regular income. It allows you to keep your property and pay back your debts over a period of time (usually three to five years).

Who files for Chapter 13?

Chapter 13 allows people to repay some or all of their debts. The debtor suggests a three to five year repayment plan where they will use their future income to pay off their debts without interest accruing. You'll need to be employed with an income and able to pay off the debt within the three to five years if there's no more interest accuring.

What can Chapter 13 bankruptcy do?

Chapter 13 allows you to get back on top of your debts without having to liquidate your assets. It can:

• Prevent a home foreclosure
• Help you pay back missed car and/or mortgage payments
• Prevent interest from accruing
• Retain non-exempt property

What do I do now?

We understand that deciding to file for bankruptcy is not only stressful, but also confusing. Hensley Legal Group, PC is here to help you make informed decisions regarding whether or not you should file and the best way to file for bankruptcy.

Our job is to help you obtain the best possible outcome and we take this job seriously. If you are considering bankruptcy and you need help please contact us. We are here to help and we have the experience, dedication and compassionate attorneys you need. We provide the following services for our bankruptcy clients:

• Free Initial Consultation
• Payment Plans Available