Questions For Your Indianpolis Bankruptcy Attorney
Questions For Your Indianpolis Bankruptcy Attorney
When one decides to file for personal bankruptcy, there are so many things that can run through their head, so many questions that require a concrete answer. Those in Indiana's capital are able to turn to experienced Indianapolis bankruptcy attorneys in order to get their questions answered. If you are one of those with many questions then you are not alone. There are many experienced Indianapolis bankruptcy attorneys just waiting to assist you. You can start by writing a list of questions that you have. You can separate the list to distinguish any general bankruptcy questions versus specific questions that you may have. The answers to some of the general questions can usually be found on any Indianapolis bankruptcy attorneys' website. A quick phone call can also help resolve some of those questions as well. But the more specific and personal questions are usually reserved for a private one on one consultation or meeting with a bankruptcy attorney. Some common questions that many people have are things like what chapter of bankruptcy is the best chapter for them? What are their responsibilities during the whole bankruptcy process? What are their limitations or the consequences of a financial decision of this magnitude? How will their financial life be after their bankruptcy has been discharged? For most people, the answers to these questions are going to vary. The chapter that you file for will depend on what kinds of assets you have and how much protection you will need for them. If you do not own a home or other property then a chapter 7 may suit you best. Chapter 7 cases are very popular because they are far less complicated for the simpler filer. Chapter 13 holds you more accountable for your debt by giving you a period of about five years to make flexible payments to your creditors.