Noblesville 317-773-4300 Greenwood 317-884-5080
The Law Offices of Brian Schellenberg
Representing Bankruptcy Clients Throughout Indiana

What Is Chapter 7 Bankruptcy?

A fresh start can make all the difference in the world. If you are unable to keep up with your mounting debt, Chapter 7 bankruptcy could discharge your debt and let you start over.

At The Law Offices of Brian Schellenberg, we help individuals and families get a new chance to write their financial future.

Give us a call today to arrange a no-cost consultation about your case. From offices in Noblesville and Greenwood, we serve clients in the Indianapolis area and throughout central Indiana.

What Kind Of Debt Relief Can Chapter 7 Provide?

Chapter 7 bankruptcy is a debt discharge program that will allow you to wipe away all dischargeable debts. To qualify for Chapter 7 bankruptcy, you must first pass a means test. Chapter 7 bankruptcy is geared for people who never get a chance to pay off their debt because they are always fighting to break even. If you can afford a Chapter 13 repayment plan, we will pursue that option, but, if not, we will help you get a fresh start through Chapter 7.

How Chapter 7 Works

Less complex than Chapter 13 bankruptcy, Chapter 7 bankruptcy is a streamlined process. If you pass the means test and qualify for Chapter 7, you will be debt-free within three to five months of your initial filing. All your dischargeable debts will be wiped clean, and you will get the chance to rebuild your credit without having to worry about mounting debts and interest.

What Chapter 7 Means For You

You may lose some of your property if you decide to file for Chapter 7 bankruptcy. Most of your property can be saved with Chapter 13. If you are behind on your car payments or mortgage, you will lose your house and car in Chapter 7. If you are current on those payments, you could keep those possessions. Chapter 7 also has measures in place to help with:

We understand that you have questions about the bankruptcy process. Our attorneys are here to provide you with answers and help you come up with solutions designed to meet your long-term financial goals.

Free Initial Consultation Available

With offices in Noblesville and Greenwood, we help families and businesses across central Indiana that are struggling with debt. Call 317-773-4300 or 317-884-5080 or contact us online today for a free initial consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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