Bankruptcy Is The First Step To Your Freedom From Debt

Once you have decided to file for bankruptcy, you must determine which type of bankruptcy you are eligible for. Chapter 7 bankruptcy eliminates all legal responsibility for you to repay your creditors. You should consult a lawyer as soon as possible to help you on the right path to financial freedom.

Our skilled attorneys at Lynch & Belch, P.C., will review your financial information and guide you to an optimal resolution. During your free initial consultation, we will answer any questions you have about bankruptcy.

Am I Eligible For Chapter 7 Bankruptcy?

To file for Chapter 7 bankruptcy, you must pass a means test. The means test is an examination of your financial records, which include your income, your expenses, and your secured and unsecured debt. For Indianapolis residents, their income must be less than the state median income.

What You May Lose When You File For Chapter 7 Bankruptcy

Chapter 7 is also known as liquidation bankruptcy. Chapter 7 bankruptcy will eliminate most unsecured debt, but may require you to either reaffirm, redeem or give up property attached to your secured debt. Secured debt is debt secured by collateral such as a car or a home.

Many times in Chapter 7, clients lose nothing. Reaffirmation agreements, for instance, make it possible for clients to keep cars and houses.

What You May Gain After You File For Chapter 7 Bankruptcy

Chapter 7 bankruptcy is designed to give you a financial fresh start. After successfully filing, you will be free from debt, including wage garnishments and the harassment from debt collectors. Many times, eliminating that debt can make it possible for you to pay back those student loans that cannot be discharged.

Compassionate Legal Counsel For Your Bankruptcy Case

Contact our office in Indianapolis to schedule your free consultation. You can call us at 317-528-9549 or schedule your free consultation online.

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