Filing for Chapter 7 bankruptcy can help give you a fresh start
if you're buried in debt. Chapter 7 bankruptcy is a quick method to eliminating
your unsecured debt. It can be filed by businesses, as well as individuals,
making it an easy choice for many. The main reason Chapter 7 bankruptcy exists,
is for the hard working Americans out there to be able to gain a fresh start by
getting rid of their overwhelming debt.
When filing for Chapter 7 bankruptcy, always remember that the
typical length of a case can take anywhere between three and six months from
the beginning to the end. It starts by filing for the bankruptcy petition at
the court. This petition must include a fully detailed accounting of your
expenses and income. You will be required by the court to provide proof of your
income, in the form of bank statements, pay stubs, and/or tax returns. All of
your assets and personal property are required to be listed, as well as a
completed list of your creditors so that they may be notified of the case. This
is usually the most time consuming portion of the case, due to the amount of
detailed information that is required.
Any misinformation or inaccuracies on your petition will cause
your case to get dismissed quite quickly. Hiring a Chapter 7
Bankruptcy Indianapolis IN attorney can help you ensure that your
case goes smoothly from beginning to end. They can offer advice, and assistance
in making sure that your petition is filled out properly. They can also help
you provide documentation that may be required by the court for your case if
you're having trouble finding it yourself.
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