Indianapolis Discharge Debt Attorney
Working Clients Through the Process of Eliminating Debt
In a significant number of cases, the driving factor that pushes clients into a bankruptcy situation is credit card debt and the sizable interest obligations that go with that debt. Others have lost their jobs, have incurred substantial medical debt and/or have fallen behind on car and mortgage payments.
Our experienced lawyer, Portia Douglas, works with families and individuals in and around Indianapolis, Indiana, to provide clear and reliable counsel for bankruptcy issues. With more than 20 years of experience helping regional clients, she offers personalized service designed to help you build a custom strategy to maximize the benefits of bankruptcy protection and help you eliminate eligible debt.
Understanding What Can and Can Not Be Discharged
Whether you are liquidating through Chapter 7 protection or reorganizing through Chapter 13, there are rules as to what debts you can reduce or eliminate. Not all debt can be discharged. In Chapter 13, some situations involving secured debts such as car loans and second mortgages can be reduced or eliminated while keeping the property. These are complicated situations that require an attorney to evaluate.
Among the other types of debt that cannot usually be eliminated through bankruptcy are student loans, spousal and support agreements from a divorce, and fines or penalties to a government entity.
The most common kinds of debt that may be discharged or restructured through bankruptcy include unsecured debt, such at:
- Credit card debt
- Personal loans
- Medical expenses
- Certain past due taxes
- Second mortgages
At our office we help you work through your financial obligations in a private and confidential setting, and we work with you to draw up a plan for your debt. Often we can help you restructure certain debt in a way that employs cram downs to significantly reduce your payments and allows you to keep key assets. Other times the best solution is to liquidate and eliminate significant debt. We help you design the right plan for your needs and then execute that plan to put you on the path of recovery.
Take Back Control of Your Finances
Call our attorney today to schedule an initial consultation at 317-204-2292 We are ready to put the right tools and the right plan to work to help you regain control of your financial future.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
