New Castle Bankruptcy Attorney – Indiana
Are you looking for a New Castle Bankruptcy Attorney? Bymaster Bankruptcy Law Offices has helped thousands of Hoosiers get out of debt. Many people in New Castle, Indiana are currently facing financial difficulties. If you are one of these people, you may be considering filing for bankruptcy. This is a big decision, and it is not one that should be made lightly. However, if you are struggling to make ends meet and you feel like you have no other options, bankruptcy may be the right choice for you. Indiana Bankruptcy Attorney John Bymaster can help.
New Castle Bankruptcy Options – Chapter 7 and Chapter 13
There are two main types of bankruptcy that individuals in New Castle can file for: Chapter 7 and Chapter 13. Chapter 7 bankruptcy is also known as “a fresh start.” This type of bankruptcy will allow you to discharge your unsecured debts, such as credit card debt and medical bills. Chapter 13 bankruptcy is known as “reorganization bankruptcy.” This type of bankruptcy is a repayment plan for your debts. This type of bankruptcy will allow you to keep your assets, but you will have to reorganize your finances. Your bankruptcy attorney will help you come up with a repayment plan to pay off your creditors over a three- to five-year period.
Your New Castle Indiana bankruptcy attorney will be able to help you decide which type of bankruptcy is right for you. They will also be able to guide you through the process and answer any questions that you may have.
New Castle Bankruptcy Attorney Rates
Attorneys in New Castle usually charge around $1500-$2500 for Chapter 7. Chapter 13 may also require a large amount down from $800-$4500 on many New Castle cases. Bymaster Bankruptcy charges much less than this. We never strive to be a cheap New Castle Indiana bankruptcy option. We simply keep things affordable while still offering high-quality responsiveness and a friendly environment. Our New Castle Bankruptcy rates are as follows:
New Castle Indiana Chapter 7 Bankruptcy Cost:
$970-$1170 on most cases (plus the court cost)
(Easy payment plans, you must pay one half before the case is filed).
New Castle Indiana Chapter 13 Bankruptcy Cost:
$0 down on most cases
(You must pay the $313 court cost to file)
(Some mortgage cases or other case types may require some down)
The Bankruptcy Process – What to Expect
The first step in the process is to take what is called the “means test.” This test will determine whether or not you qualify for Chapter 7 bankruptcy. If your income is below the median income for Indiana, then you will automatically qualify. If your income is above the median income, then you will need to provide documentation of your expenses in order to prove that you do not have the means to repay your debts through a Chapter 13 repayment plan.
Once you have determined which type of bankruptcy you will be filing for, you will need to complete some paperwork. This paperwork will include a list of all of your creditors, as well as a list of all of your assets and liabilities. You will also need to provide proof of your income and expenses. After this paperwork has been filed, an automatic stay will go into effect. This means that your creditors will no longer be allowed to contact you or try to collect your debts. At Bymaster Bankruptcy Law Offices, we offer full-service bankruptcy. Our attorneys and paralegals will help you with this entire process.
The last step is to attend a meeting of creditors, which is also known as a 341 hearing. This meeting is currently done online. It is a brief meeting and the most important part is that you tell the truth about your financial situation. Our attorney will be there to guide you all along the way.
In-Person or Virtual New Castle Bankruptcy Office
Bymaster Bankruptcy Law Offices has an in-person office and a virtual New Castle Bankruptcy Law Office. Our in-person office features a few visits to our physical office in our relaxed Indiana setting. If you choose our virtual office, you would have the same high-quality representation as the in-person option. The only difference is that instead of making a few visits to our physical office, you would just meet with us a few times online from the comfort of your home.
Filing for bankruptcy is not an easy decision to make, but it may be the right decision if you are struggling financially and feel like you have no other options. There are two main types of bankruptcies that individuals can file for: Chapter 7 and Chapter 13. Your New Castle bankruptcy attorney will be able to assist you in determining which type of bankruptcy is right for you and guide you throughout the process from start to finish.
Let us help you get a fresh start. Book your free consultation today!