Actionable and Applicable Indianapolis Bankruptcy Information

Bankruptcy is one of the hardest decisions you will ever have to make. According to a 2010 US Federal Government Survey, 76% of Americans say financial related issues account for the majority of their stress. Financial stress is the most common reason for divorce in Indiana. This is a very difficult time for you, as well as the majority of fellow Hoosiers.

It is time for you to begin living in freedom financial debt relief.

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Start on the road to get out debt free from creditors

Right now you are in one of the hardest places of your life. According to 2010 US Federal Government Survey, 76% of Americans say financial related issues account for the majority of their stress. Over 200 Million Americans are dealing with financial stress which leads to worry, guilt, insecurity, fear, anxiety, anger, depression, panic, helplessness and hopelessness. Financial stress is the most common reason for divorce in America. This is a very difficult time for you, and the majority of Americans. It is time for you to experience debt relief and begin living in financial freedom. Let’s go over your debt relief options.

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Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a complete elimination of all unsecured debt, medical bills, lawsuits, and the ultimate debt relief. Chapter 7 bankruptcy usually takes 30-90 days, and on your discharge date you are completely debt free. If your income has dramatically dropped, or your debt is extremely high compared to your income, Chapter 7 is probably the right choice.

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Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a five year payment plan that is controlled by the bankruptcy court and trustee. The bankruptcy court will evaluate your income, and determine what the correct monthly payment should be to your creditors over the next five years.

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Loan Modification

In the last 3 years Loan Modification has been a huge buzzword causing many Americans to be ripped off. Scam companies have taken advantage of consumers who are drowning in debt and bad loans. They promise results then run away with your money. Loan Modification can be a huge resource in lowering your debt load. For other debt relief answers, feel free to contact Chuck Roach. You will find that Chuck Roach is one of the most approachable bankruptcy lawyers Indianapolis can rely on for debt help.