Chapter 7


Indiana Chapter 7 Lawyer


Indiana Chapter 7 bankruptcy lawyer Nita Gupta assists clients when filing for bankruptcy and when facing debt collectors in Indianapolis. The most common bankruptcy filing in the United States is Chapter 7, and filing for bankruptcy protection could greatly help your financial situation. Bankruptcy can help you with a wage garnishment, repossession or foreclosure.

The laws in Indiana only allow certain debts to be eliminated under Chapter 7, some debts cannot be liquidated. When filing for Chapter 7 or “straight” bankruptcy, you are required to give up property so it can be sold in order to pay creditors. Whether you are filing bankruptcy as an individual or business, seek assistance from a bankruptcy lawyer to protect your rights and property that is exempt to bankruptcy collection.

Is Chapter 7 Right For You?

It is very important to choose the bankruptcy filing that is right for your situation; chapter 7 and chapter 13 are two of the more common types of bankruptcy in the United States. The main difference between Chapter 7 and Chapter 13 bankruptcy is how the debt is handled. In Chapter 7 debt is liquidated under bankruptcy laws as opposed to being reorganized through debt adjustment in Chapter 13 bankruptcy filings. Chapter 7 allows you to start fresh and provides you with protection against creditor’s collection efforts. You will avoid wage garnishment and often, the process could take as little as three to six months. However, Chapter 7 does not relieve you of debts owed on your home since this is an item protected under bankruptcy exemptions. You could still possibly face housing foreclosure after filing for Chapter 7.

We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.

To determine if Chapter 7 bankruptcy protection is the best option for you and to answer all your questions on bankruptcy and debt collections; contact Indianapolis Chapter 7 Bankruptcy attorney Nita Gupta at (317) 900-9737 to schedule a consultation.
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