Danville Indiana Bankruptcy FAQ’s

 

Bankruptcy can be confusing to almost everyone, and it can be difficult to get a grasp of the process of bankruptcy.  If you are thinking about filing for bankruptcy, you probably have many questions.  Bankruptcy Attorney John Bymaster who serves Danville, Indiana answers many of his clients’ questions everyday.  Below you will find many of the common questions that most clients ask.

If you have more questions after reading this section, don’t hesitate to give Bymaster Bankruptcy Law Offices a call to schedule a FREE consultation.

How Do I File For Bankruptcy in Danville, Indiana?

Filing for bankruptcy can be very difficult if you plan to do it yourself.  It may be a good idea to hire a skilled bankruptcy attorney to help guide you through the way.  Danville Bankruptcy Attorney John Bymaster has seen many debtors file for bankruptcy without legal counsel.  Many times they end up losing property or money that they could have retained if they hired a bankruptcy attorney.  Bymaster Bankruptcy Law Offices is skilled in bankruptcy and offers free consultations.  Just give our office a call at 317-769-2244 and set up a free appointment to meet with Danville Bankruptcy Attorney John Bymaster.

Will I Lose My Property If I File Bankruptcy?

This is a common concern that Bankruptcy Attorney John Bymaster hears from his clients.  Usually you do not lose your property when you file for bankruptcy.  When filing for bankruptcy a debtor is allowed certain exemptions for their house, cars, and other items.  The Federal Bankruptcy Court allows these exemptions so a debtor can continue to support themselves after the bankruptcy is filed.

It may be a good idea to contact a Danville Bankruptcy Attorney, like John Bymaster, to find out if your house, cars, and other items are exempt.  Many times if they are not, an attorney can help you find another option like filing Chapter 13 or debt settlement.

Check out the video below as Danville Bankruptcy Attorney John Bymaster explains what property you can keep when you file bankruptcy.

 

Will Bankruptcy Hurt My Credit Score?

This is a very common concern that Danville Attorney John Bymaster hears all the time.  Many times bankruptcy will actually help your credit score.  This is because many debtors have delinquent payments or judgments against them that hurt their credit score.  It is very common for a debtor to have a D or a F credit score before they file bankruptcy.  When the bankruptcy is filed it actually brings their credit card score up to a C right way.  Remember that after the bankruptcy is discharged you can immediately begin to rebuild your credit score.

Don’t miss Hendricks County Bankruptcy Attorney John Bymaster as he discusses how to re-establish your credit score after bankruptcy.

Do I Have to Go To Court To File Bankruptcy?

Usually, debtors will have to go to a Bankruptcy Meeting about 30-40 days after their case has been filed.  The Bankruptcy Meeting is led by an appointed Bankruptcy Trustee and the debtor and sometimes the creditors are present.  Generally, it is is unlikely that the creditors attend the Bankruptcy Meeting so you don’t need to worry.  Also, if you have an attorney, like Bankruptcy Attorney John Bymaster, the attorney will also attend with you.  The Bankruptcy Meeting usually only last about 10 minutes and you are required to answer several “yes” and “no” questions.

In the video below, Danville Bankruptcy Attorney John Bymaster explains what happens during the Bankruptcy Meeting (also called 341 Meeting).

 

Danville, Indiana Free Bankruptcy Consultation

Bymaster Bankruptcy Law Offices understands that filing for bankruptcy can be a difficult decision.  When you come in for a free consultation, you will meet with Danville, Indiana Bankruptcy Attorney John Bymaster.  Together you will discuss your financial situation and he will provide you with some solutions that will help.  Those solutions might include Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Debt Settlement, or some other options.

Don’t hesitate to give Bymaster Bankruptcy Law Offices a call to schedule your free consultation at 317-769-2244.