Did you know that over 40,000 people filed for bankruptcy in the state of Indiana in the year 2011? Bankruptcy can be a difficult process both emotionally and financially. If you are going through a bankruptcy in Indiana you will want to contact bankruptcy lawyers in Indiana, also known as bankruptcy attorneys indiana, to ensure that your legal rights are represented. No one is immune to the financial problems that can lead to bankruptcy. According to Sports Illustrated, over three quarters of professional athletes are either bankrupt or facing serious financial difficulties just two years after ending their careers.
There are several things to keep in mind when filing for bankruptcy in Indiana. First of all, certain kinds of debts, including alimony and child support debts, student loan debts and debts incurred as a result of fraud cannot be discharged under bankruptcy. It also important to note that there are several different forms of bankruptcy in Indiana: a chapter 13 bankruptcy and a chapter 7 bankruptcy. A chapter 7 bankruptcy allows the debtor to discharge all or part of the debt, while in a chapter 13 bankruptcy, debtors repay all or part of their debt based on a payment plan A Indiana bankruptcy attorney can help you to determine which form of bankruptcy is most appropriate for your situation.Overall, if you are filing bankruptcy in Indiana it is important to contact an Indiana bankruptcy attorney to get proper legal guidance and advice. A bankruptcy in Indiana can be a very confusing and very complex process. Make sure you have an Indiana bankruptcy attorney to represent your rights.