If you are an individual who has chosen to get out from under crushing debt in Indiana by filing for bankruptcy, there are usually two avenues available to you: Chapter 7 and Chapter 13 bankruptcy. Each works in different ways, each involves its own eligibility requirements and each has its own benefits and drawbacks. In this article, we at Miller Flannery Law invite you to take a closer look at the pros and cons of Chapter 13 bankruptcy.
Indiana residents like you who are suffering under debt will also likely be looking for ways to dig yourself back out again. Miller Flannery Law is here to help lay down a few different possible options. Today, we'll take a look at Chapter 13 bankruptcy.
When many people in Indiana think about a personal bankruptcy, they may be unaware that there are different types. The Chapter 7 bankruptcy that may leave a person without their family home seems to be the most well-known type of plan. However, there is another option and it may well be the right one for the homeowner who wants to save their home from foreclosure. That option is a Chapter 13 bankruptcy.
If you have filed for bankruptcy in Indiana or maybe are considering filing for bankruptcy, one of the things that may well be on your mind is how you can get back on your financial feet after the bankruptcy is discharged. Certainly a better future is a large reason why you chose to file bankruptcy and you should be happy to know that this is very much possible if you take the right steps.
Even as the nation's economy continues to be strong according to financial experts, there are many people in Indiana who simultaneously continue to experience financial struggles. Extremely high and unexpected health care expenses, job losses and divorce are just a few things that a person might experience which could put them in the position of needing debt relief. For some, the best assistance comes in the form of a personal bankruptcy.