When you are already struggling to pay your bills and are considering declaring bankruptcy so you can get out of debt, having to take time off so you can go to court may not even be an option for you.
Does that mean you won’t have the opportunity to file for bankruptcy though? Continue reading to learn more about filing for bankruptcy in Indiana and when you might have to go to court if you plan to file for bankruptcy.
When you’re thinking about filing for bankruptcy, there are many details you’ll need to know. First, there are a few different types of bankruptcy. Most individuals choose to file for Chapter 13 or Chapter 7 bankruptcy, and business owners often choose Chapter 11.
However, only those who earn an income below the federal poverty level will generally be able to declare Chapter 7 and sell their assets to have their debts discharged. Chapter 11 and 13 require you to structure a plan to repay your creditors. Once you have determined which route will best suit your needs, your attorney will be able to handle the rest, for the most part.
For those declaring Chapter 13 or Chapter 11, there is generally only one instance where you’ll have to go to court, and that is for your 341 meeting of the creditors.
After you have developed your repayment plan, your creditors have the chance to review it and bring up any objections or concerns they might have, if they show up to the hearing at all. More than likely, the creditors won’t show, your repayment plan will be sent to the judge for review and you’ll be able to get back to work sooner rather than later.
Don’t let not being able to make it to court hold you back from pursuing a bankruptcy declaration that can help you achieve financial freedom. You can work with a Terre Haute bankruptcy lawyer at Rowdy G. Williams Law Firm so you can clear your debts and move forward with your life. Find us online or call our office at 1-812-232-7400 to schedule your free, no-obligation petition assessment today.
