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Questions to Ask a Chapter 7 Bankruptcy Lawyer Before Filing for Bankruptcy

Sawin & Shea

If you’re struggling with debt and considering bankruptcy, speaking with a bankruptcy lawyer can help you determine your best options and give you some clarity on how the process works. At Sawin & Shea, LLC, our Chapter 7 Bankruptcy lawyers have helped clients just like you in the Indianapolis and surrounding areas.

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Nearly Half of Indiana Facing Medical Debt

Sawin & Shea

Indiana residents also struggle heavily with medical costs with an estimated 47% of Hoosiers having medical debts. If you’re struggling with medical debts, we encourage you to contact medical bill lawyers to go over options to make your medical debt more manageable. Indiana’s Medical Debt.

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Can I File Bankruptcy on Just My Credit Cards?

Sawin & Shea

Briefly, unsecured debts are not backed by any collateral and include things like credit card balances and unpaid medical bills. However, secured debt means the borrower has put up collateral (e.g. Do I Need a Lawyer to File for Bankruptcy? Are There Lawyers Who Can Help with Bankruptcy? The answer is yes.

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Nearly Half of Indiana Facing Medical Debt

Sawin & Shea

Indiana residents also struggle heavily with medical costs with an estimated 47% of Hoosiers having medical debts. If you’re struggling with medical debts, we encourage you to contact medical bill lawyers to go over options to make your medical debt more manageable. Indiana’s Medical Debt.

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

With secured personal loans, you need to pay a required amount either through the plan or during the plan. You can also surrender the loan’s collateral in order to discharge the debt. But, fortunately, people that are behind on secured debts can use Chapter 13 to return to good standing on secured debts.

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Can I Add a Creditor After My Bankruptcy is Filed?

Sawin & Shea

Working with a lawyer will help ensure you get the most benefit from your case, and they can answer any questions and help alleviate your concerns. In some situations, debtors may be interested in adding secured debts to their bankruptcy after filing, and some secured debts are seen as both pre-petition and post-petition.

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Should I Pay Back Family Members or Friends Before Filing for Bankruptcy?

Sawin & Shea

Chapter 13 takes into account your financial situation before filing for bankruptcy, too, but mainly focuses on developing a payment plan to address secured debt (which includes things like your house or car). What’s Wrong with Repaying Family or Friends Before I File for Bankruptcy?