Bankruptcy Law

Determine the right choice for you—chapter by chapter

Ammeen and Associates, P.C. offers counsel for both debtors and creditors needing solutions relating to bankruptcy or business restructuring. Bankruptcy laws are broken down into chapters under the Federal Bankruptcy Code:

Chapter 7 (sometimes called total bankruptcy or liquidation) allows a discharge of debts and a fresh start for debtors who cannot turn their finances around.
Chapter 11 provides for a business reorganization to let troubled business debtors develop viable recovery plans and for individuals having debts in excess of federal thresholds.
Chapter 12 (sometimes called bankruptcy for farmers and fishermen) is similar to Chapter 13, but limited to farmers and fishermen.
Chapter 13 (sometimes called bill consolidation or wage earner plan) lets wage earners develop a recovery plan without discharging all debts.

Individuals may file under any of the four chapters, but businesses are only allowed to file only under Chapters 7 and 11.

Despite what many creditors tell consumers, bankruptcy filing is still a valuable strategy for many people and businesses. Our bankruptcy attorneys are experienced in bankruptcy and case law.

Millions of Americans suffer from the weight of too much debt. When is it time to seriously consider hiring a bankruptcy attorney? If you are experiencing any of the following circumstances, you are not alone:

Harassing phone calls and letters from collection agencies
Wage assignments and garnishments on your paycheck
Repossession of your car or foreclosure of your home

Perhaps filing bankruptcy or getting legal counseling to explore other options may be the answer for you.

Finding the right bankruptcy attorney in Indiana

Finding the right attorney with experience in bankruptcy, business, and financial matters to guide you through the legal process is one of the most crucial decisions you have to make. There is no requirement in the Bankruptcy Code that requires an individual to retain a lawyer, but after doing some research, most people realize that an attorney can simplify the process.

We are here to assist you

To discuss your options with an Ammeen & Associates, P.C. attorney, call us at 317-423-7505 or contact us online.