At Bymaster Bankruptcy Law Offices we have many Indianapolis area clients ask, “How do you file for Chapter 13 Bankruptcy?” Indianapolis Chapter 13 Bankruptcy Attorney John Bymaster has helped many clients over the years.
Chapter 13 bankruptcy is designed for people with regular income. It allows you to use your income to make a custom plan to repay all or part of your debts. Chapter 13 repayment plans can be a powerful tool to reorganize your debt.
The Chapter 13 plan is a “bullet-proof” consolidation of your debts. All creditors will be FORCED to take payments under the Chapter 13 code. This allows you to keep your property and make payments on all of your debts. Creditors will not be able to communicate with you or further harass you.
Filing Chapter 13 can also be a powerful because you can file it when you have too many assets or too much income to file under Chapter 7. In Chapter 13, you agree to a monthly payment plan that addresses all of your debts. Depending on your income, the payment plan will pay off your debt in three to five years.
Find out more about Chapter 13 Bankruptcy by clicking on the the links below.
“We serve all of indiana, especially the greater indianapolis area. We are located northwest of indianapolis.”
– John Bymaster an Indianapolis Chapter 7 Bankruptcy Attorney