Every year, millions of people make the decision to file for bankruptcy. Unfortunately, out of the millions of claims that’ll be made, only a fraction of them will be accepted. This often happens because those filing aren’t aware that they do not qualify for the benefits of bankruptcy. However, these qualifications often leave out those who desperately need to file for bankruptcy. Thankfully, this is where Bankruptcy Assistance in Indianapolis, IN comes in.
There are a number of helpful programs that assist low-income families and individuals with the bankruptcy process. These programs are available because of the harsh results that may arise due to these individuals being unable to qualify. For instance, low-income families, who are severely in debt, are at risk of having their wages garnished, which could force them to seek public assistance. Many debtors even face foreclosure and homelessness.
If you’re in a financial crisis, you may be able to attend a bankruptcy workshop in your area. Bankruptcy workshops are meant to help individuals learn about the ins and outs of bankruptcy. Getting educated on issues revolving around bankruptcy will help debtors better prepare themselves. These workshops allow debtors to speak one-on-one with attorneys that handle bankruptcy filings. With this kind of Bankruptcy Assistance in Indianapolis, IN debtors will learn whether or not bankruptcy is right for them.
Debtors will get educated on a variety of common subjects involving bankruptcy. For instance, these workshops will teach you the difference between secured and unsecured debts, and why the latter is easier to get rid of. You’ll also learn about Chapter 7 bankruptcy and why it may be the best choice for you. Chapter 7 involves liquidating a portion of your assets so you should prepare for this ahead of time.
Getting help at these workshops is a lot better than seeing an attorney on your own. The Wright Law Group of Indianapolis has lawyers who’ll work pro bono to meet your needs. With a bankruptcy lawyer by your side you’ll have a better understanding of the overall process, and will have a better chance at having your petition accepted. Start looking for workshops in your area to see how they can help.
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