Chapter 7 Transcript

RICK REDMAN: Chapter 7 bankruptcy is your basic bankruptcy that's going to help you discharge almost all of your unsecured debts while keeping most of your property, if not all. In Indiana our clients in Chapter 7 generally keep all of their assets. A question that arises is can I keep my house and car. If you're current on payments on those things generally you're allowed to reaffirm and keep those items. A huge benefit to Chapter 7 is stopping creditor harassment, IRS claims, garnishments, lawsuits, and other creditor actions. To be eligible for a Chapter 7, generally everyone is. There are two times you may not be and that is if you have been in a Chapter 7 within the last eight years, in which case if it's been at least four years you can still do a Chapter 13 now. Secondly, if your income is too high, above a level that's been set by the law, then you may be forced into doing a Chapter 13 payment plan.

Redman Ludwig, P.C.

151 North Delaware Street
Suite 1106
Indianapolis, IN 46204
Toll Free: (866) 755-0811
Phone: (317) 685-2426
Fax: (317) 636-8686

Map / Directions
Email Us

FirmSite® by FindLaw, a Thomson Reuters business.

Attorneys at the Indianapolis, Indiana, law firm of Redman Ludwig, P.C. provide bankruptcy solutions to individuals, families, and businesses throughout Central Indiana including Hamilton, Delaware, Marion, Wayne, Monroe, Madison, Howard, Boone, Hendricks, Bartholomew, Johnson, Hancock, Morgan, Henry Randolph, Wayne, Fayette, Union, Franklin and Vigo counties, and cities such as Carmel, Zionsville, Avon, Noblesville, Westfield, Fishers, Bloomington, Terre Haute, Muncie, Kokomo, Anderson, Columbus, Richmond, Franklin, New Castle, Greenfield, Rushville, Franklin, Connersville, Greensburg, Shelbyville, Frankfort, Crawfordsville, Greencastle, Martinsville, Lafayette, and Marion.