Greenwood Bankruptcy Attorney

Helping Greenwood Get out of Debt

Are you looking for a Greenwood Bankruptcy Attorney?   You should consider Bymaster Bankruptcy Law Offices with our office located on the north end of Greenwood.   We are located on the corner of Emerson and Stop 11 Road in the Southpoint Professional center.   John Bymaster is an experienced Greenwood Bankruptcy attorney that offers very affordable fees and free consultation.   In fact, you can book a free consultation online right now.

Why Choose us to help with your Greenwood Bankruptcy?

People from Greenwood choose our bankruptcy attorney office because we offer much more affordable fees than many other offices.  We also have special payment plans that get the process going very easily.   You see, we have already helped thousands of Hoosiers get out of debt over the years.  If you live in Greenwood and want to stay in town for a bankruptcy attorney, call us.

Our office is different than most other options available for those looking for a Greenwood Bankruptcy attorney. We are VERY hospitable and down-to-earth.  We want you to feel comfortable when you come to our office.  After you come to our office, our goal is for you to have an easy, affordable plan to get out of debt.  All you need to do is call us or book online for a free consultation.  We will do all the rest!

John Bymaster, our head bankruptcy attorney, knows Greenwood very well. In fact, a good deal of his family lives in Greenwood.  Some of his family has been involved with the town’s growth for many years!  Whether you live off Smith Valley Road, Fry Road, or any other part of town, Bankruptcy Attorney John Bymaster will be excited to meet you!  Come to our office where we can make a plan to reduce your stress right away.

How to File Bankruptcy in Greenwood, Indiana

Do you live in Greenwood and you are interested in how to file bankruptcy?   Filing bankruptcy in Greenwood, Indiana can be an easy process.  Although you can do it on your own, but it is much easier to hire a Greenwood Bankruptcy Lawyer.  Your bankruptcy lawyer will guide you through the entire process.   Filing bankruptcy in Greenwood consists of three parts.   The three parts are (1) preparing your bankruptcy petition, (2) presenting your petition to the court, and (3) going to the bankruptcy meeting of creditors.

Preparing Your Bankruptcy Petition in Greenwood

Remember, the easiest way to file bankruptcy in Greenwood, Indiana is by contacting a Greenwood bankruptcy lawyer.  Never attempt bankruptcy on your own if at all possible.  You should always seek the guidance of an attorney.  The forms that you will have to file in Greenwood are required to be filled out very completely and specifically.  Your attorney will do most of that process for you through a series of financial questions.  If you are thinking about filing bankruptcy in the Greenwood area this bankruptcy checklist will help you prepare:

Greenwood Bankruptcy Checklist

You can acquire the documents you need to file your own bankruptcy petition in the Greenwood area.  Greenwood residents must acquire these documents from the Indiana Southern District for Bankruptcy.    The primary form that will get you started is the Pro Se Debtor packet.

All information must be filled out completely and correctly.  You must disclose all of your assets, income and expenses, and all of your creditors.  It is worth the extra money to hire an attorney to make the process much easier.

Presenting your Petition to the Court

Remember, your Greenwood bankruptcy office will submit all documents to the court for you.  If you live in Greenwood, you must file your bankruptcy petition and accompanying documents in the Indiana Southern District Bankruptcy Court.  You will be required to submit your bankruptcy petition with all required schedules, a 6-month lookback of income called the CMI/Means Test, your last 60 days of paycheck stubs or income, and the Certificate proving you took the 1-hour online course.

If you live in Greenwood, you will also be required to submit the $338 Court cost fee for Chapter 7.  Sometimes you can get the $335 fee waived, but this can be a difficult process that is only reserved for people with income significantly below the poverty line.   All parties MUST pay the $338 court cost generally if they live in Greenwood.

If you have any questions, make sure to contact our office and we can help you file your Greenwood Indiana Bankruptcy.

 

How to Go to the Bankruptcy Meeting in Greenwood Indiana

After your Greenwood Bankruptcy case is filed, you will be required to go to a bankruptcy meeting.  This is a short, informational meeting that Greenwood residents must attend to complete their bankruptcy case.   If you live in Greenwood, you will attend this meeting in the Birch Bayh Federal Building located at 46 E Ohio St, Indianapolis, IN 46204.  It will be on the fourth floor in room 416.

For a limited period of time, there may also be the opportunity to do your bankruptcy meeting telephonically.  This means that there will be a set date where you must dial in to conduct your meeting over the phone.  Your attorney will still attend this meeting with you over the phone.

Bankruptcy Documents Required to Be Submitted by Greenwood Residents

After you submit all your initial bankruptcy petition, Greenwood residents will also be required to submit documents to the trustee.  This is usually taken care of completely by your Greenwood bankruptcy office.  These documents must be submitted no later than 7 days before the bankruptcy meeting.   However, they are usually submitted almost 20 days in advance.   Therefore, make sure to get these documents to your attorney early.

Greenwood Bankruptcy Meeting of Creditors

You will attend your Greenwood Bankruptcy Meeting of Creditors in a simple setting where you sit down at a table and answer a series of basic financial questions.   Your Greenwood attorney will be with you to make sure to answer any legal questions.  Most of the questions are very simple “yes” or “no” questions about your finances.    You will be required to bring your driver’s license and social security cards to the meeting.  You may also need to bring updated bank statements and paycheck stubs.

After the meeting, your Greenwood bankruptcy should be near completion.  If you have not taken the second required 2-hour class, you will need to take that class right away after the meeting.   You will receive your discharge through the mail in approximately 60 days.  This is the final order that will remove your debts.  If you filed a Chapter 13 payment plan instead, then all you will need to do is keep making your monthly payments until the plan is complete.

Bankruptcy in Greenwood is easy if you understand the process.  Allow Bymaster Bankruptcy to be your guide through the Greenwood bankruptcy process.  Book a free consultation with us today!

 

Greenwood Bankruptcy Statistics Overview

Greenwood Indiana bankruptcy statistics can give a clearer picture of how bankruptcy affects a middle-America, average community like Greenwood.  Greenwood faces the normal “crunch” of consumer credit problems that cause bankruptcy on a regular basis.  Because Greenwood residents frequently share similar income and debt loads, the large population of similar households creates a consistent source of bankruptcy filings.  Take a look at the following document that graphs Greenwood’s bankruptcy statistics for the last five years:

Greenwood Bankruptcy Statistics Overview

Greenwood Chapter 7 Bankruptcy Filings

Currently each year, Greenwood (and the close surrounding area) has approximately 300 Chapter 7 filings.  The entire Johnson county bankruptcy count usually approaches 450 filings.  Johnson county bankruptcy filings are nowhere close to the neighboring county, Marion, for Chapter 7 filings.  There are approximately 3200 Chapter 7 bankruptcy filings in Marion County.  Keep in mind, however, that all filings that occur above County Line Road are attributed to Marion County or Indianapolis.

Greenwood Chapter 13 Bankruptcy Filings

Greenwood has an abnormally high ratio of Chapter 13 to Chapter 7 filings.   This is likely due to a higher-than-average median income line.   It also is likely due to a high percentage of homeownership.   Chapter 13 cases in Greenwood are driven many times driven by behind-on-mortgage situations.  Other times, Greenwood residents simply do not qualify for the Chapter 7 debt release due to too much income.

Greenwood files an average of 160 Chapter 13 bankruptcy cases per year.   Recently, the entire Johnson county bankruptcy area files approximately 230 Chapter 13 bankruptcy cases.  This large amount of Chapter 13 cases in Johnson county is predictable, however, with Franklin being even higher on the above-the-median income line index.

If you desire to track ongoing Greenwood bankruptcy statistics in an easy-to-understand format, look at the United States Southern District case statistics.   These statistics help track all bankruptcy filings in central and southern Indiana.

If you need a Greenwood Bankruptcy attorney for Chapter 7 or Chapter 13, contact Bymaster Bankruptcy Law Offices.  We are located right on the corner of Emerson and Stop 11 Road in Greenwood.   Book online or call us for a consultation today!