Hamilton County Chapter 7 Bankruptcy Attorney

Thinking of Seeking Chapter 7 Relief in Indiana? We Can Help

Although there is no typical bankruptcy filer, most who seek chapter 7 protection are in fragile economic circumstances, usually with large amounts of credit card debt, who suddenly are faced with one or more challenges, such as a job loss, injury, divorce, or uninsured medical expenses that result in an overwhelming amount of debt that they are unable to pay.

Chapter 7 bankruptcy gets its name from the laws contained in chapter 7 of the federal bankruptcy code. After filing for chapter 7 relief, many or all of your debts will be wiped out, and in return some of your nonexempt property may be liquidated (sold) to partially pay your creditors.

Known as straight or liquidation bankruptcy, Chapter 7 is designed to give you a fresh start. If you're considering filing for bankruptcy in Hamilton County, seek the assistance of reputable and experienced bankruptcy attorneys like those at Saeed & Little LLP in Indianapolis.

Chapter 7 Bankruptcy Basics

Individuals, partnerships, or corporations may qualify for relief under chapter 7 of the Bankruptcy Code once every seven years. It is a relatively quick process, usually lasting only several months.

Residents of Hamilton County, Indiana who wish to declare Chapter 7 bankruptcy must file in the Indiana Southern District Bankruptcy Court. Before you file, your attorney will review the local court rules with you, which contain all the specific details involved in the process, including:

• Filing dates
• Filing procedures
• Fees
• Filing forms

Most people who file for chapter 7 bankruptcy protection have no available non-exempt property, since whatever they own at the time they file is either protected by exemption laws or already pledged to a secured creditor as collateral for a debt. Therefore, most Chapter 7 bankruptcies are considered no-asset bankruptcies.

If you're thinking about filing for chapter 7 bankruptcy in Hamilton County, Indiana, call Saeed & Little LLP at 317-685-2426 or contact us online to schedule your free telephone consultation with one of our experienced lawyers. We pride ourselves on being thorough, flexible, and responsive to our clients' needs.