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How To File For Bankruptcy In Indiana Without A Lawyer

Take A Personal Financial Management Instruction Course

6 Steps to File a Chapter 7 Bankruptcy For Free Explained by an Attorney

Finally, you must complete a post-filing Personal Financial Management Instruction Course within 45 days of your meeting of creditors. Take a look at the U.S. Trustee Program’s site to find an approved course near you. After you’ve completed the course, the last step is to wait to hear from the bankruptcy court whether your debts have been discharged.

How To File For Bankruptcy In Indiana

Many people need bankruptcy relief, but they do not know HOW to file for bankruptcy.;; The simple knowledge of how to file bankruptcy can almost instantly release you from the most impossible debt situation.;; Our office explains how to file for bankruptcy all the time to our clients in the Indianapolis area.; Our office files bankruptcy cases for people all over Indiana. Lets talk about how to file for bankruptcy.

Mail Documents To Your Trustee

If you have made it this far, your Indiana bankruptcy is officially underway. A Chapter 7 trustee will be assigned to handle your case and ensure that everything is being done according to Indiana bankruptcy laws and procedures. The trustee will want to review your most recent federal income tax return so make sure you send a copy of that to their office. Additionally, you should be prepared to provide the trustee your two most recent paycheck stubs and bank statements for all bank accounts that cover the filing date. If your case was filed in the Southern District, your trustee will ask for the documents and information required by the Uniform Document Production checklist the local trustees have agreed to use for anyone filing Chapter 7 in Indiana’s Southern District.

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Indiana Bankruptcy Means Test

The Indiana means test for bankruptcy first looks at your household income in the 6 months before your bankruptcy is filed. If your average annual income based on that timeframe is less than the median income for a household of your size in Indiana, you qualify for Chapter 7 relief. If your income is greater than that, the means test calculation allows you to take certain deductions based on your living expenses which may make you eligible to file Chapter 7 bankruptcy in Indiana even though you technically ââ¬Åfailedââ¬ï¿½ the first part of the means test.

Data on Median income levels for Indiana

Indiana Median Income Standards for Means Test for Cases Filed On or After May 1, 2021
Household Size
$6,717.50

Whether You Should File For Bankruptcy Without An Attorney Depends On The Type Of Bankruptcy And The Complexity Of Your Case

How To Apply For Bankruptcy Without A Lawyer?

By Cara O’Neill, Attorney

You don’t need an attorney when filing individual bankruptcy, and filing on your own or “pro se” is feasible if the case is simple enough. But most people benefit from representation. In this article, learn:

  • when Chapter 7 is too complicated to handle yourself
  • why hiring a Chapter 13 lawyer is always important, and
  • if you represent yourself, how a bankruptcy petition preparer can help.

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How A Bankruptcy Lawyer Can Help

Our advice is to avoid the risks of pro se filing and seek the proper legal services. After you choose a bankruptcy attorney, they help you through the filing process. An attorney can help you:

  • Understand which debts can be discharged and which cant.
  • Accurately fill out your bankruptcy forms.
  • Know what tax consequences to expect.
  • Understand which assets you can keep.

This is just a small sample of what a bankruptcy attorney can do for you. Filing without a lawyer is possible, but requires so much work on your part and leaves plenty of room for error. Letting your lawyer provide legal advice and handle the difficult stuff also gives you more time and energy to repair your credit score.

Need help starting the filing process? Were here so you can get the fresh start you need.

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Why Use A Bankruptcy Petition Preparer

A good bankruptcy petition preparer will have up-to-date bankruptcy computer software that will generate the documents quickly and relatively easily. And most bankruptcy petition preparers charge low fees, especially compared to lawyers.

Bankruptcy law requires bankruptcy petition preparers to follow these business practices:

  • provide a written contract defining their services and fees
  • provide written disclosures summarizing the different kinds of bankruptcy and the associated procedures
  • identify themselves as debt relief agencies providing services under the federal bankruptcy code
  • not charge an unreasonable fee
  • not collect or handle the bankruptcy filing fees or other court fees
  • file a fee disclosure statement with the court
  • include their name and social security or tax identification number on the documents they prepare, and
  • not use, or advertise with, the word “legal” or any similar term.

People who help others for free are not subject to these rules.

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How To File Bankruptcy Without A Lawyer

3 minute read ⢠Upsolve is a nonprofit tool that helps you file bankruptcy for free. Think TurboTax for bankruptcy. Get free education, customer support, and community. Featured in Forbes 4x and funded by institutions like Harvard University so weâll never ask you for a credit card. Explore our free tool

In a Nutshell

You are not required to hire an attorney to file bankruptcy. You can do so for free, or with a legal aid organization.

Written by Attorney Eva Bacevice. Ã

You always have the option to file bankruptcy without a lawyer. Representing yourself is called filing âpro seâ and it is an option in any legal proceeding. And yet, while it is always possible to file a bankruptcy without a lawyer, the better question is should you? In this article we will examine some bankruptcy basics to help educate you about the different types of bankruptcies and the relief they can offer. For simple straightforward cases it is entirely possible to be successful pro se. For more complicated matters it is usually better to have a lawyer or legal aid to assist you.

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Is Chapter 13 Right For Me

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Every person or family has a very unique set of circumstances, so there is no one size fits all answer to this question.; However, Chapter 13 bankruptcy may be a good option for you if you:

  • Are working and have a steady source of income?
  • Are making enough income so that you have monthly disposable income?
  • Are in fear of losing your home to foreclosure because of a temporary setback?
  • Are seeking a consolidation plan that allows you to catch up on past due bills?
  • Are able to make payments towards debt reduction after paying for necessities?

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Some Unique Benefits Of A Chapter 13

  • Chapter 13 protects individuals from the collection actions of their and allows and permits individuals to keep their real estate and personal property.
  • You may be able to discharge debts in a Chapter 13 that would not be dischargeable under other chapters such as marital dissolution equalization payments, debt allocated in a divorce, non-criminal fines, and other specialized debts.

Finally, a chapter 13 is a dignified solution to your financial problems. You have the peace of mind that you did your best to pay part of your debt back and still receive the benefit of a discharge. If you would like to see how a chapter 13 bankruptcy would help solve your financial problems call Rowdy today for a free consultation.

What Is Chapter 7 Bankruptcy

Chapter 7 is known as the liquidation bankruptcy because it discharges most of your unsecured debt. That includes , medical bills and personal loans.

Its the quickest, simplest and most common;type of bankruptcy. According to the American Bankruptcy Institute , 63% of the 774,940 bankruptcy cases filed in 2019, were Chapter 7.

An even more encouraging;bankruptcy statistic: 94.3% of Chapter 7 filings had their debts discharged, meaning forgiven.

You must pass a means test to qualify for Chapter 7 filing. The bankruptcy means test examines financial records, including income, expenses, secured and unsecured debt to determine if your disposable income is below the median income for your state. The means test income level varies from state to state.

You might be forced to sell any non-exempt assets, though several online sites claim that 96% of Chapter 7 filings are no asset cases, meaning there is not enough equity or value in the property for a trustee to sell it and pay off creditors.

Generally, the Chapter 7 process can be completed in four to six months.

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Helping Filers Through Complex Procedures

Filing bankruptcy requires compliance with numerous rules and timelines. Because the process can be complex, many people benefit from working with an experienced bankruptcy lawyer to ensure they file correctly.

No matter how careful a filer is, however, it is possible to make an error such as forgetting to add a creditor. If you realize that you left a creditor out when you filed bankruptcy, you may be able to add it. Because adding an omitted creditor typically involves reopening the bankruptcy, it is best to have an attorney assist you. Speak with an attorney at Redman Ludwig, P.C., to learn more.

Southern District Of Indiana Requirements

Can You File a Bankruptcy without an Attorney?

The Southern District of Indiana serves the 60 southernmost counties in the state and holds court in Evansville, Indianapolis, New Albany and Terre Haute. Since the next blizzard is never far off in Indiana, the Southern District also lists its policy on weather related closings on its website. If you are thinking about filing for Chapter 7 bankruptcy in Indiana without an attorney , make sure to check out the information about courthouse restrictions and courtroom etiquette the Southern District provides.

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How To File Bankruptcy: The Conclusion

Bankruptcy is a detailed process that can be compared in complexity to Filing your Federal Tax Returns x 25. ;Unless you have an have an extremely simple situation, are VERY good at legal and government paperwork, absolutely have no source of income then it is ALWAYS without exception EXTREMELY easier and probably more affordable in the long run to just hire an reliable attorney to do it for you. ; Various areas of bankruptcy law are not easy to understand: this can play out to create serious, costly, and time consuming problems when doing a case on your own. ; Although we attempt to explain How to File Bankruptcy in Indiana here, we recommend that you use this to UNDERSTAND the process and then hire an affordable, friendly bankruptcy attorney office such as our office. ;We can help you get through the process!

Speak To An Experienced Bankruptcy Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified bankruptcy lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a;local bankruptcy attorney to discuss your specific legal situation.

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Qualifying For Chapter 7 Bankruptcy In Indianapolis

Do You Qualify for Indiana Chapter 7 Bankruptcy?

There are three main issues to consider when we determine;if you qualify for;Chapter 7 Bankruptcy.

This one is easy. If you haven’t filed for;bankruptcy;in the last 8 years, you are ok on this requirement. If you have filed previously, then it will depend on the chapter you filed under the last time. Even if you filed a Chapter 7 recently, you likely still have options under;Chapter 13. The attorneys at Perez & Perez Bankruptcy have access to a national database of bankruptcy filings, so we can look up all the details about any prior cases for you to make sure you qualify.

The income tests are more complex. The overall concept is that we have to show that you can’t afford to pay any of your unsecured debts back in order to qualify for;Chapter 7.

So, to determine this, there are some calculations to complete, primarily the “Means Test”. The;attorneys at Perez & Perez;are experienced and well versed in the body of case-law interpreting the means test and will work hard to ensure that you obtain the best possible result in your case.

In general, if your household income is below the median income for a household of your size, then you will qualify for Chapter 7 with regard to income.;Of course,;there are always exceptions, so youll need a full consultation to be sure. By way of a general idea, the current median incomes in Indiana by household size are as follows :

Confirmation Of Bankruptcy Filing Qualification

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After the meeting of creditors, the bankruptcy trustee will have enough information to decide whether you will qualify for Chapter 7 bankruptcy. The trustee will look for nonexempt assets and will decide whether its worth it to liquidate nonexempt assets. The trustee may do this by understanding the retail value of the asset and whether it will sell.;

The secured debts such as a vehicle will need to be dealt with around this point in the process. You can often reaffirm the debt as an asset, which is very common for vehicles.

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Indiana Bankruptcy Lawyer Cost

While the thought of having to pay a lawyer to file for Chapter 7 bankruptcy in Indiana may seem like it adds insult to injury, it may be worth it depending on your specific situation. In Indiana, the cost of a bankruptcy lawyer ranges between $795 and $1,450, though more complicated cases may end up costing you more, at least in the short term.

  • Attorney cost estimate: $795à ââ¬â $1,450

Understand Alternatives To File Bankruptcy

There are many bankruptcy alternatives to consider. We will cover the two most common alternatives, but you can find more in our bankruptcy alternatives article. As a reference, filing Chapter 7 bankruptcy is often the least expensive and the shortest.

Debt Settlement

Debt settlement is also known as debt negotiation, debt relief, or a debt consolidation program . In debt settlement, a company or you will negotiate with your creditors for a lower amount. You can save money and avoid filing bankruptcy. You may also be exposed to lawsuits, so its important to understand which creditors are likely to sue. A debt settlement programs often last 2 – 5 years.

Debt Management

Debt management is also known as credit counseling. In debt management, a company will negotiate with your creditors for a lower percentage interest rate. You can save money on interest and avoid filing bankruptcy. Debt management can be more expensive than debt settlement and Chapter 13. Debt management programs often last 5 years.;

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What Is Kentuckydebtrelieforg

KentuckyDebtRelief.org is a free resource where residents may find help through free do-it-yourself tools. In addition, residents may request a free evaluation and savings analysis to find out which of their bills are eligible for assistance.

We’re here to help you. We’ve served over 200,000 Kentucky residents since 2009.

Print Your Bankruptcy Forms

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When you are ready to get your case filed, make sure you set aside enough time to print and sign everything before going to the courthouse. Filing Chapter 7 in Indiana is very document intensive and your case will be off to a better start if you get everything filed in one go. Many find a checklist helpful to keep track of the various schedules and statements that are necessary under Indiana bankruptcy laws. This is especially true if you completed the forms on a computer and have them saved as a number of different files. To save time at the courthouse, carefully review each page and sign your name in pen wherever necessary. Finally, since you will be giving your signed documents to the court for their files, it’s a good idea to make a second copy of everything for your own records.

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We Are Here To Help You

Within the 2005 legal guidelines, customers have to choose credit score guidance previous to submitting a new individual bankruptcy request. Consumers are also subjected to an easy method check, to determine which kind associated with individual bankruptcy to data file. Within a Page 13 individual bankruptcy, your filer experiences a new fiscal reorganization overseen from the courtroom as well as develops an idea to settle their debt in order to shield specific assets, for example the estate. So that as associated with 2005, your borrower ought to create a credit card debt operations study course as well as data file a new certification associated with end while using the courtroom.

Even though claiming individual bankruptcy is much harder in comparison with it turned out previously, the necessity for it could very well be even greater over these difficult economical times. There tend to be a number of people on this country exactly who for several reasonsunemployment, skyrocketing healthcare billscant manage to pay their own charges, inches states that Andrea Fisher, a lawyer together with Squire Sanders throughout New York exactly who concentrates on individual bankruptcy. They legally must report to obtain the breathing space they have to obtain a fresh commence.

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