In 2011, more than 40,000 people filed for bankruptcy in Indiana. Most filed due to losing a job and therefore not having the capacity to pay mortgages and bills, though a lot of other Indiana residents filed for bankruptcy due to having medical problems and large bills as a result or due to a divorce in which finances had to be restructured. In almost all instances, Indiana bankruptcy attorneys helped these residents.
Some people chose to file independently for bankruptcy, while most hired Indiana bankruptcy attorneys to help them settle their debts and get on stronger financial paths. The latter unsurprisingly fared better with both Chapter 7 filings, which allow those owing to discharge part or all debt and which is eligible only to those who complete a test proving their income was less than the state’s median income for Indiana residents, and Chapter 13 bankruptcy filings, which create payment plans for those owing money so they have the ability to repay the debt entirely through a three year to five year repayment plan. They fared better primarily because the Indiana bankruptcy attorneys they hired had unbelievable experience and unmatchable knowledge of bankruptcy.
Those who chose to hire Indiana bankruptcy lawyers also fared better since they had someone in their corner rallying for them and performing the hard work involved in helping to settle debts. By contrast, those who chose to walk alone and avoid hiring bankruptcy lawyers in indiana had to work much harder just to get to the starting points that those hiring Indiana bankruptcy attorneys had. The former knew that filing bankruptcy in indiana is extremely complicated, while the latter chose to take that step alone with far greater effort.
Those who hired an Indiana bankruptcy lawyer also likely had shorter cases when all was said and done. It is unsurprising to know that bankruptcy can be dragged out for years and years, though this normally is the case with people filing on their own. Those with shorter and more successful cases generally had hired worthy Indiana bankruptcy attorneys who possessed both the knowledge and foresight to get them through and out onto the other side, where debts would be repaid and payment plans would be set up. Through hiring these Indiana bankruptcy attorneys, those needing assistance were able to get it both affordably and easily. And today, many can report that they are free from debt.