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“Get Hope. Get Help. Get Peace of Mind.”

Affordable Indianapolis Bankruptcy Lawyer

When you’re overwhelmed with substantial debt and don’t know where to turn, attorney and CPA Jerry E. Smith can be a safe harbor in the storm. Our law firm is focused on helping consumers solve their debt problems, including tax problems, and helping distressed homeowners save their homes. We also help small business owners reorganize and save their businesses. We’ll provide hope, help and peace of mind.

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“Debt Relief is Stress Relief.”

BREATHE EASY. TOGETHER, WE GOT THIS.

Financial stress can cause a lot of sleepless nights and a great deal of worry about the future. You don’t have to go through this alone. Our clients appreciate how much time we spend with them, taking the time to educate individuals about the bankruptcy process so they feel more comfortable, confident, and relaxed about it. Knowledge is power, and by learning more about bankruptcy, it feels less intimidating.

Even responsible individuals find themselves with significant debt sometimes. Catastrophic illness, unemployment and family emergencies can wreak havoc on an otherwise sound financial footing. Affordable Indianapolis bankruptcy lawyer Jerry E. Smith has helped hundreds of clients just like you find relief, hope and a brighter financial future.

We can help STOP Indianapolis Bankruptcy Services

  • Sheriff’s Sales
  • aggressive collection actions
  • MORTGAGE FORECLOSURES
  • LAWSUITS
  • garnishments
  • Tax Sales

You’re not alone. Breathe easy. We can do this together.

Request a Free Initial Consultation

STRESSED OUT? ASK FOR HELP FAST.
Sometimes you need help NOW! This is why we offer:

  • Evening and Weekend Consultations.
  • SAME DAY EMERGENCY FILINGS.
  • FREE Initial Consultations (up to one hour)
  • Many appointments can be handled by phone.

Not everyone needs the same type of help – but reach out and let’s talk about what can bring you relief.


    The Bankruptcy Process in Indiana

    1All individuals in Indiana who file bankruptcy are required to undergo credit counseling within six months before filing their bankruptcy petition. You will also need to complete a financial management instructional course (typically online) after your filing takes place. The 2005 Bankruptcy Act requires these steps, and your affordable Indianapolis bankruptcy lawyer can guide you in finding organizations that provide these educational resources.
    2You will have to undergo a means test in which your income and expenses will be analyzed to see if you qualify for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Courts will look at your average income for the six months prior to bankruptcy filing and analyze it in relation to the median income for Indiana. You can automatically qualify to file Chapter 7 if your income is below the median. If you’re above the median, then there are additional steps to determine whether you can file Chapter 7 or Chapter 13.
    3You’ll itemize your income sources and monthly living expenses; list all major financial transactions in the last two years; document all your property, including real estate, autos, and all other assets and possessions; and list current secured and unsecured debts. You’ll need to collect deeds to your real estate, your last two years’ tax returns, loan documents and titles to your vehicles. Affordable Indianapolis bankruptcy lawyer Jerry E. Smith will help determine which properties are exempt from seizure and file a two-page petition and forms, called the “schedules.”

    Chapter 7 Bankruptcy

    CONTACT OUR AFFORDABLE INDIANAPOLIS BANKRUPTCY LAWYERS

    Chapter 7 bankruptcy is the most common and simplest type of bankruptcy protection for individuals. It is often referred to as “liquidation bankruptcy,” which means that assets are sold to pay secured debt to creditors. Chapter 7 is also sometimes used by small businesses.

    After liquidating assets to pay secured debt, most or all of your unsecured debt is discharged. An affordable Indianapolis bankruptcy lawyer will help you discharge credit cards, personal loans, department store credit, and other similar debt. Student loans, alimony and child support typically cannot be eliminated through bankruptcy.

    Chapter 11 Bankruptcy

    AN INDIANAPOLIS BANKRUPTCY ATTORNEY WHO CARES ABOUT YOU

    Chapter 11 bankruptcy is the most complex form of bankruptcy. It is a form of “reorganization bankruptcy” often employed by corporations that need to get a handle on significant debt so that day-to-day business operations can continue.

    During Chapter 11 proceedings, the court helps a company restructure its debts and obligations while keeping the business’s doors open. Because it is the most complex, Chapter 11 is also the most expensive form of bankruptcy.

    Therefore, it’s often important to explore other forms of bankruptcy before deciding to pursue Chapter 11. A skilled and affordable Indianapolis bankruptcy lawyer can help you do this.

    Chapter 12 Bankruptcy

    THE BEST BANKRUPTCY ATTORNEY FOR THE JOB

    Chapter 12 bankruptcy is designed for farmers and fishermen who run into overwhelming debt while still generating an income. This type of bankruptcy was created to give economically stressed farmers and fishermen a framework for reorganizing their debt so they can continue with their livelihood and business operations.

    This highly specialized form of bankruptcy is not appropriate for individuals or companies outside the farming and fishing industries. For those that meet its requirements, Chapter 12 usually provides more benefits and/or less cost than the alternatives, being Chapter 7, Chapter 11 and Chapter 13.

    Chapter 13 Bankruptcy

    A BANKRUPTCY LAWYER IN INDIANAPOLIS CAN BRING PEACE OF MIND

    Often referred to as a reorganization or “wage earner bankruptcy,” Chapter 13 bankruptcy is a process whereby an individual with a steady income but overwhelming debt can pause and reestablish their financial footing while continuing to meet some of their debt obligations.

    For example, Chapter 13 halts any foreclosure action and allows you to remain in your family home. Chapter 13 allows you to repay a portion of your debt obligation through a court-approved repayment plan. Remaining eligible debt is discharged after you have successfully completed the plan.

    Bankruptcy Litigation

    AN AFFORDABLE INDIANAPOLIS BANKRUPTCY LAWYER WHO FIGHTS FOR YOU

    Litigation can arise in the bankruptcy process when you or a creditor wants to challenge a decision or some aspect of the process. This doesn’t occur in most bankruptcy filings, but our firm is ready to take these cases on when they do occur. Attorney CPA Jerry E. Smith is skilled and experienced at representing his clients in any form of bankruptcy litigation.

    Bankruptcy FAQs

    Bankruptcy Questions & Answers

    In most cases, you won’t lose your house or vehicle during bankruptcy, as long as your property meets exemption thresholds in Indiana. However, to keep your house or car, you will need to continue making monthly mortgage and car payments until these are paid off.
    Generally, student loans cannot be discharged in bankruptcy. This debt typically remains after your bankruptcy is completed. There are some narrow exceptions if you can prove that the student loans create “undue hardship.” Your bankruptcy attorney can advise you about whether you might qualify for this exception.
    Chapter 7 bankruptcy will wipe out most unsecured debts, personal loans and other debts. The types of debts that Chapter 7 cannot erase include alimony, child support, some taxes, loans you secured by providing false information, debts you forgot to list on your bankruptcy petition, and any debts that the court deems you secured through fraud or maliciousness. Obviously, if you choose to keep your house and vehicle, those debts and monthly payments will remain in effect.
    Chapter 13 includes creating a repayment plan in which you’ll show how you plan to repay debts over the next 3 to 5 years. Both individuals and businesses can file a reorganization plan under Chapter 13, which needs to be approved by the court. You can consolidate real estate, equipment, a house, vehicles and other assets in Chapter 13, but you must show that you have adequate income to both pay for your necessities and keep up with monthly plan payments to creditors.
    Calls and letters from debt collectors will stop immediately after they receive notice of your bankruptcy petition (typically 10-14 days after your bankruptcy filing). Chapter 7, the simplest and most streamlined bankruptcy, typically involves a meeting with the Trustee 30-45 days after filing, and debts can be discharged as soon as 60 days thereafter. Chapter 11, 12 and 13 bankruptcies typically require payments over time and may take 3-5 years. An affordable Indianapolis bankruptcy lawyer can look at your individual situation and give you an estimate about how long your bankruptcy may take.”

    “Get Hope. Get Help. Get Peace of Mind.”

    Indianapolis Bankruptcy Attorney Jerry E. Smith and his legal team have helped hundreds of clients who faced the same financial difficulties you are. We encourage individuals and businesses to view this opportunity as a fresh start. Though it may not feel like it now, bankruptcy can be the first step toward a brighter financial future.

    To find out more about how we can help, contact us today at (317) 917-8680. The initial consultation is free up to one hour. We’ll stand beside you every step of the way.