I Am Ineligible To File For Chapter 7 Bankruptcy

If you have been deemed ineligible to file for Chapter 7 bankruptcy, you may believe you will never be financially free. An alternative to filing for Chapter 7 is to file for Chapter 13. Unlike Chapter 7 bankruptcy, Chapter 13 will require a plan to pay back your creditors.

Lynch & Belch, P.C., offers you over five decades of experience handling all types of bankruptcy cases in Indiana. Our attorneys will provide you with a candid assessment of your financial history to determine your optimal solution. We know that this is a sensitive time for you, which is why we handle all cases with compassion.

The Process Of Chapter 13 Bankruptcy

Chapter 13 bankruptcy is also called the wage earner’s plan. This type of bankruptcy requires a debtor to pay a portion of debt back to creditors over time. It can also allow you to better plan the repayment of state and federal taxes you owe.

When you file for Chapter 13 bankruptcy, you must pay the $310 filing fee in addition to a fee requested by the trustee. You are also required to complete a credit counseling course, available to you at little to no cost. The course may be taken online or over the phone. You must review your finances and redo your budget to present the trustee with your repayment plan. The trustee will not repossess any of your property when you file for Chapter 13 bankruptcy.

Your income will determine if you are eligible for a repayment plan of three or five years. You will be expected to pay the agreed amount in monthly installments until your plan’s end date. Your debt will be considered paid in full at the end of your repayment plan if you have made all your payments on time.

It is to your financial benefit to consult a lawyer to guide you through every step of this process.

We Offer Free Initial Consultations

Schedule your consultation with the Indianapolis office of Lynch & Belch, P.C., by calling 317-528-9549 or filling out this online contact form.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Attorney Profiles

attorney-imgRobert B. Lynch

Founder since 1993
Indianapolis, Indiana
Phone: (317) 888-0006
Fax: (317) 888-8282
Email: Email Me

attorney-imgChristopher H. Belch

Founder since 1993
Indianapolis, Indiana
Phone: (317) 888-0006
Fax: (317) 888-8282
Email: Email Me