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317-662-4718
Call Us Today!
317-662-4718

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We are a debt relief agency and we help people file bankruptcy.  We can navigate you through the complex world of bankruptcy.  We will counsel you and help you determine which bankruptcy would be appropriate for you or whether you should file bankruptcy at all. Check out thest bankuptcy facts, and give us a try!


CHAPTER 7

“LIQUIDATION BANKRUPTCY”
CHAPTER 7 IS COMMONLY FILED WHEN
YOU HAVE LITTLE PROPERTY OTHER THAN BASIC NECESSITIES AND  HAVE LITTLE OR NO MONEY LEFTOVER AFTER PAYING BASIC MONTHLY EXPENSES EACH MONTH.
ADVANTAGES OF CHAPTER 7: 
MOST UNSECURED DEBTS CAN BE DISCHARGED (ELIMINATED). THE PROCESS MOVES FAIRLY QUICKLY, ABOUT 3 TO 4 MONTHS AND AN AUTOMATIC STAY GOES INTO EFFECT SO YOUR CREDITORS CANNOT COLLECT OR EVEN CONTACT YOU WHILE YOU ARE IN THE PROCESS.
WHO CAN FILE UNDER CHAPTER 7:
DEBTORS WHO HAVE QUALIFIED UNDER THE “MEANS TEST” AND COMPLETED A PRE-FILED CONSUMER CREDIT COUNSELING CLASS

CHAPTER 13

“WAGE EARNERS BANKRUPTCY (REPAYMENT PLAN)”
CHAPTER 13 IS COMMONLY USED WHEN:
YOU HAVE SIGNIFICANT EQUITY IN A HOME OR OTHER PROPERTY AND YOU DESIRE TO KEEP THAT PROPERTY.  YOU ARE ABLE TO PAY YOUR REGULAR MONTHLY EXPENSES AND HAVE SOME DISPOSABLE INCOME  LEFT OVER TO PUT INTO A REPAYMENT PLAN.
ADVANTAGES OF CHAPTER 13:
YOU CAN KEEP MOST OF YOUR PROPERTY WHILE SPREADING OUT PAYMENT OVER TIME TO PAY PAST DUES AMOUNTS (I.E.. MORTGAGE ARREARAGE).  YOU WILL HAVE 3 TO 5 YEARS TO CATCH UP THE DELINQUENT ACCOUNTS ACCORDING TO THE SCHEDULE, YOU, YOUR LAWYER AND THE BANKRUPTCY TRUSTEE COME UP WITH (“The Chapter 13 Plan”). AN AUTOMATIC STAY GOES INTO EFFECT SO YOUR CREDITORS CANNOT COLLECT OR EVEN CONTACT  YOU WHILE IN THE PROCESS.
WHO CAN FILE UNDER CHAPTER 13:
DEBTORS WITH A REGULAR INCOME AND SOME DISPOSABLE INCOME  (I.E.. INCOME LEFT AFTER PAYING BASIC MONTHLY EXPENSES) TO PUT INTO A PLAN AND COMPLETED A PRE-FILE CONSUMER CREDIT COUNSELING CLASS. Anchor

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Contact Information

Law Office Of Stacey M. Davis
Phone: (317) 662-4718
In Business Since 2001

Business Hours

Mon - Fri: 09:00 AM - 05:00 PM
Saturdays by special appointment