Once you file for bankruptcy, your creditors and debt collectors will not be able to call you or take any action against you. Bankruptcy will put a halt to foreclosures, garnishments, lawsuits, and all forms of creditor harassment.
The Chapter 7 bankruptcy process is fairly simple. If you are like most people filing for Chapter 7 bankruptcy, all of your assets will be exempt and you will not lose any property. If you do have assets that you could lose in a bankruptcy, Chapter 13 may be the right choice. Once we have a complete picture of your asset and debt situation, we will advise you on which type of bankruptcy is best for you.
Once your case has been fully administered, you will then receive a discharge of all your dischargeable debts. Some debts, such as child support obligations or student loans, are typically not dischargeable in bankruptcy. The whole process is usually completed within four months.
Make an Appointment with our law office in Fort Wayne, Indiana, when you need help filing for Chapter 7 bankruptcy.