Indianapolis Bankruptcy Payment Plans

May 25, 2016

Our office, like some other Indianapolis bankruptcy offices, offers payment plans.  Essentially, we try to work with everybody to help them get out of debt.  If you are considering bankruptcy around Indianapolis, you may want to know a few things about bankruptcy payment plans.

Bankruptcy Payment Plans for Indianapolis Chapter 7 Cases

If you want to file Chapter 7 bankruptcy near Indianapolis, you may especially be in need of a payment plan.   First, the range of what Chapter 7 costs varies somewhat between office to office.  Although many offices offer payment plans of various types, it may be important for you to chose an attorney on the more affordable end of the spectrum.   This could cut your payment time down dramatically.   Remember that some attorneys charge as much as $1500, $1800, or even $2000 or more just for Chapter 7 bankruptcy attorney fees.  This amount may not include the $335 court cost.  Generally, if you find someone less than $1000-$1200 on the attorney fee range (not including the $335 court cost), you are most likely choosing an Indianapolis bankruptcy attorney on the more affordable end of the spectrum.

Secondly, and Indianapolis bankruptcy payment plans can greatly assist because you are generally required to pay all the fees for Chapter 7 before you file your case.  This can put you into a difficult position if you need to file immediately due to a garnishment or other emergency situation.   We usually attempt to work with everybody to the best of our ability to get their case filed quickly.  An affordable office will understand you are limited on financial ability at the moment: that is why you are filing for bankruptcy.   Our clients’ payment plans usually range between $50 to $250 per month (or sometimes greater if they want to go faster).  An affordable office will work with your budget to help you get out of debt.

Bankruptcy Payment Plans for Indianapolis Chapter 13 Cases

Payment plans may not always be necessary for Chapter 13 cases because the Chapter 13 itself is a payment plan.  Therefore, you are allowed to also pay your attorney’s bankruptcy fees through the Chapter 13 case.   The amount that you are required to pay in your Chapter 13 monthly payment will be determined by your income and how much debt you want to pay through the plan.   A good focus on Chapter 13 is how much you will be required to pay before the bankruptcy case is filed.  You are usually always required to pay at least the $310 court cost.  Some attorneys will also charge somewhere between a $100 to $2000 down (or more) before they will file the Chapter 13 case.  Our office attempts to offer $0 down filing on Chapter 13 whenever possible: only in limited situations are we not able to offer $0 down on the attorney fees to file the Chapter 13 case.

Conclusion: A Good Payments Plan can be Critical for Allowing You To File Bankruptcy

Whether Chapter 7 or Chapter 13, a good payment plan can be an essential element for getting enough money together to file for bankruptcy.  In Indianapolis, anticipating a payment plan can be an important step as you consider bankruptcy.  We are an office that has worked with thousands of Hoosiers to get their bankruptcy case filed through a payment plan.  If you give us a call, we will do our best to work with your budget to make a payment plan that works for you.

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