QUESTION

What do I need to file Chapter 7 Backrupcy

Asked on Nov 02nd, 2012 on Bankruptcy - Indiana
More details to this question:
How hard is it to file chapter 7 on all debts when the only thing i own i a car that was given to me?
Report Abuse

1 ANSWER

Estate Planning Attorney serving San Clemente, CA
1 Award
Filing bankruptcy is a decision that should be made only after consulting with an experienced, knowledgeable attorney. In conjunction with the attorney, you need to review your debts, your income, your expenses and your assets to determine if you are eligible and if bankruptcy is your best option for resolving outstanding debts. Sometimes, it is not the best option. Further, there could be reasons to delay filing. In short, unless you know a lot about bankruptcy law, or are going to put the time into learning - hire an attorney. Most bankruptcy attorneys, for what sounds like it could be a very simple case, are very reasonable and won't charge you too much money compared to the relief you will receive. To answer your question, you have to provide detailed information about everything you own or are entitled to receive, all of your debts, your income, your expenses and a series of questions about past financial dealings. Depending upon your level of income, one of the hardest parts for a non-represented party to deal with is the Means Test - the test which determines if you are even eligible to file Chapter 7 bankruptcy. My best advice is to consult an attorney. I should note that I am not licensed in Indiana to practice law, but none of the foregoing is specific legal advice - just general information which is applicable in all Bankruptcy matters. David L. Gibbs, Esq.The Gibbs Law Firm, APCSan Clemente, Californiagibbslaw.com *Due to the limitations of the Lawyers.com Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. Further, information you provide to the Firm through this website is not confidential - it is available publicly to anyone visiting this website. The Firm shall have no obligation to keep the information you provide herein confidential in any context. The information provided herein by the Firm is general, and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence. As required by 11 U.S.C. §528, we must now disclose that, "We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Assistance we provide with respect to Debt Relief may involve bankruptcy relief under the Bankruptcy Code."
Answered on Nov 02nd, 2012 at 12:35 PM

Report Abuse

Ask a Lawyer

Consumers can use this platform to pose legal questions to real lawyers and receive free insights.

Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.

0 out of 150 characters