Bankruptcy Attorney in Indianapolis Explains Chapter 13

Chapter 13 bankruptcy is a form of debt reorganization that allows you to keep your assets. This bankruptcy chapter is not available to anyone who files bankruptcy. It is designed for people who have the ability to pay a portion – or even all – of their debts, but not under the current terms of their creditors. For instance, if you are behind on your mortgage payments, Chapter 13 bankruptcy restructures the payments and allows you time to catch up on the debt.

Attorney Steven J. Halbert has through knowledge regarding bankruptcy and foreclosure laws in Indiana, and works hard to get the financial relief that his clients need. Contact us to learn more about Chapter 13 bankruptcy.

How Does Chapter 13 Effectively Restructure My Debt?

When you file under Chapter 13, the majority of creditors cannot continue to take action to collect from you. What happens instead is you pay a Trustee and the lenders file claims with the bankruptcy court. The Trustee then divvies out payments to your lenders based on the new terms of your plan.

Financial hardship can make it difficult to think clearly and make decisions that will serve you best. Depending on your unique situation, you may have options that will enable you to get your feet back under you. Together we can determine whether Chapter 13 debt restructuring meets your financial needs. Contact Attorney Halbert today to learn more.

Contact a Bankruptcy Attorney in Marion County, IN

Call the law office of Steven J. Halbert for foreclosure defense and bankruptcy legal counsel. Our initial consultation is free of charge. We take pride in helping our clients get on the path to financial freedom. For legal advice you can trust, call 765-577-5290.

Steven J. Halbert, Attorney At Law, serves clients in Indiana cities such as Indianapolis, Carmel, Zionsville, Westfield, Fishers, Avon, Noblesville, Greenfield, Greenwood, Brownsburg, Lebanon, Westfield, Sheridan, Anderson, Pendleton, and Kokomo.