Chapter 13 Bankruptcy Lawyer in Indiana | John Steinkamp

Call (317) 780-8300 for a Free Consultation

In a chapter 13 bankruptcy, a person makes monthly payments to the chapter 13 trustee who distributes the funds to the person’s creditors.

The client gets to decide whether she or he gets to keep his/her house or car. Chapter 13 bankruptcy cases are often very complex and often involve numerous issues and factors.

Bankruptcy is a “no fault” situation so it does not matter why the person is filing bankruptcy or why these debts were incurred.

Typically, the amount of the monthly payment has nothing to do with the amount of the unsecured debt.

The filing of the chapter 13 bankruptcy stops all collection activities, such as, garnishments, lawsuits, hate-mail, repossession, harassing telephone calls, and any other type of debt collection.

If a creditor or debt collector continues to call you or send you bills after the bankruptcy has been filed, then contact my office and we may sue the creditor/debt collector and you may be able to recovery money from this violation of federal law.

stressed-woman

Why Choose My Chapter 13 Bankruptcy Firm?

Chapter 13 is not for everyone. Typically, chapter 13 is used for the following purposes:

  • Stop foreclosure and save your home
  • Protect your car from repossession
  • Eliminate your 2nd mortgage
  • Lower your car loan’s interest rate
  • Pay back debts that are not dischargeable in chapter 7 such as tax debt

Additionally, people who have filed chapter 7 in the past 8 years must file chapter 13 and really high income earners may have to file chapter 13.

A Brief Description of Chapter 13 Bankruptcy

The case begins with the filing of the bankruptcy petition and the filing of a proposed payment plan. A hearing called the first meeting of creditors or 341 hearing is scheduled in about 4 weeks. Typically, creditors do not attend this hearing.

The hearing is not in front of a judge and it is not in a courtroom. The hearing is conducted by a trustee–which is simply an attorney who conducts the hearing and his/her role is to ensure that the creditors are properly treated in the proposed payment plan.

The attorneys in this office have had numerous hearings with each trustee so once we see who your case is assigned to we will be able to explain exactly what you can expect from the hearing and this process.

What Happens After a Chapter 13 Bankruptcy?

A chapter 13 bankruptcy case takes 3 to 5 years depending on various factors. The client makes monthly payments to the chapter 13 trustee while the case is pending. Upon completion of the chapter 13 plan, the client will receive a discharge of his/her debts.

Bankruptcy is not the end of credit. It is just the beginning. Typically, most clients receive numerous offers for credit after the filing of the bankruptcy case. If the client is careful about credit, the client’s credit score will rebound very quickly.

After the bankruptcy has been completed, my office will obtain your credit reports to ensure that all of your creditors are properly reporting your debts.

Credit reporting errors occur very frequently and we advise all clients that, for the next five years, if they ever try to obtain financing and they are declined, then contact us. We will not charge the client anything to review their credit reports to determine whether a creditor or debt collector is reporting an error on the credit report.

If any debt collector or creditor continues to call or harass you after your bankruptcy has been completed, please contact this office and we will sue the creditor or debt collector and you may be able to recover money from this violation of federal law.

Why Call My Chapter 13 Bankruptcy Firm

Unsure of whether or not bankruptcy is right for you? Want to see if you are eligible for Chapter 13 bankruptcy? I am ready to discuss all your options with you in a free case evaluation. Find trusted, dedicated advice today at John Steinkamp & Associates.

I have helped 1,000s of people to a fresh start
My firm is backed by strong client recommendations
14+ years experience handling only bankruptcy cases
Affordable, hassle-free payment plans

Unsure of whether or not bankruptcy is right for you? Want to see if you are eligible for Chapter 13 bankruptcy? I am ready to discuss all your options with you in a free case evaluation. Find trusted, dedicated advice today at John Steinkamp & Associates.

john-steinkamp-crop

Share:Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn