Posted on Mar 29, 2021

Bankruptcy Law Office of Mark S. Zuckerberg

Indiana Chapter 7 Bankruptcy – The Best Plan For Debt Elimination

As an Indiana bankruptcy lawyer, one of the most important ways I can be of help to clients is in the decision about which type of bankruptcy to file. Personal bankruptcies fall into two categories – Chapter 7 and Chapter 13.

Two main factors must be considered: your income and whether you are trying to save a home from foreclosure. Your income needs to be considered, because if it’s above a certain level, you must file a Chapter 13 bankruptcy. (The income level is determined by comparing your income with the median income in our state.) Your status as a homeowner needs to be considered, because while bankruptcy temporarily halts a foreclosure, you will still need to pay any missed mortgage payments if you want to keep your home.

Call the Bankruptcy Law Offices of Mark S. Zuckerberg, P.C. today for more Consultation.
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