Eliminating the Mystery
For many people, bankruptcy is a mystery. The laws seem confusing, and there are many bankruptcy myths out there making matters worse. One of the biggest issues that people face is whether they can file for Chapter 13 bankruptcy or whether Chapter 7 is their only option.
At Walton Legal Services, we can help you clear up the mystery. Our Indiana bankruptcy attorneys have more than 30 years of experience helping people find debt relief through bankruptcy. We will look at your financial situation and help you determine whether you are eligible for Chapter 13. We take pride in our streamlined process marked with client service. We will do everything we can to help you through the bankruptcy process quickly and painlessly, we also never push people through a "bankruptcy mill." We make sure each client's case gets the full attention it deserves.
Walton Legal Services: More than 30 years | More than 30,000 bankruptcies filed
Can I File for Chapter 13 Bankruptcy? | Chapter 13 Eligibility Requirements
Most people looking at Chapter 13 bankruptcy do so because their income is too high to pass the bankruptcy means test that would qualify them for Chapter 7 bankruptcy. Although there is no income limitation, you cannot receive Chapter 13 discharge for more than $350,000 in unsecured debt or $1 million in secured debt. Very few people are unable to qualify for either Chapter 7 or Chapter 13 bankruptcy.
If you are looking for an Indianapolis debt-relief lawyer to help you find the road to financial freedom, call one of our Indianapolis law offices, call our Columbus, Indiana, office or contact us online. We offer free initial consultations, and we give you detailed up-front information about our fee arrangements, so there will be no surprises.
Even if you fail the bankruptcy means test for purposes of Chapter 7 bankruptcy, this test will determine how much you will need to repay in a Chapter 13 repayment plan.
