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You may be considering filing bankruptcy in Indiana due to unexpected hardship. You are not alone when considering bankruptcy. In fact, in the 12-month period ending June 30th, 2019, there were 14,830 Chapter 7 filings in Indiana and 8,053 Chapter 13 filings in Indiana.

The purpose of this article is it to show you to the primary aspects of Chapter 13 bankruptcy in Indiana. You might ask why we are putting so much emphasis on Chapter 13 bankruptcy in Indiana. Well, Indiana is the main focus of this article because some bankruptcy aspects are more relevant to Indiana while others concentrate on the nation at large. In this article, we will cover the following:

  • Chapter 7 vs Chapter 13 Bankruptcy in Indiana
  • Chapter 13 Bankruptcy Plan Payment in Indiana
  • Indiana Bankruptcy Exemptions
  • Bankruptcy Trustees in Indiana
  • Indiana Bankruptcy Districts and Court Locations
  • Should I File a Chapter 13 Bankruptcy in Indiana?

Chapter 7 vs Chapter 13 Bankruptcy Indiana

We’ll look at Indiana specific aspects of Chapter 13 bankruptcy but before that, let us dig deeper into  Chapter 13 bankruptcy and the core differences with Chapter 7 bankruptcy.

Understanding Chapter 13 Bankruptcy:

Also known as ‘wage earners bankruptcy’ and in this type of bankruptcy, debtors acknowledge their debts and promise to pay via installment method ranging from 36 to 60 months. Payment is made monthly, and attorneys usually come in handy in this process, but why do the majority of people with debts prefer Chapter 13? Well, in such cases, their income might be way too high to file for Chapter 13, and in others, they might possess valuable property.

Understanding Chapter 7 Bankruptcy:

This is also known as ‘liquidation bankruptcy under the bankruptcy code‘, and it is ideal for debtors who are unable to pay their debts; therefore, they opt for Chapter 7 to try and discharge the debts. As long as you qualify for Chapter 7, the process can be over in three months, and it will cost you less.  The calculator shown below can come in handy to get an estimate of your Chapter 13 payment plan and know whether you qualify for Chapter 7.

By this point, we believe you can tell the difference between Chapter 7 and Chapter 13, so let’s look at Chapter 13 bankruptcy in Indiana.

Chapter 13 Bankruptcy Plan Payment in Indiana

The first step is to estimate your potential Chapter 13 payment plan. Note that the Chapter 13 bankruptcy Indiana payment arrangement estimate shown here factors in the particular Indiana expenditures, plus the IRS National expense figures. Some of these Indiana expenses include the Indiana administrative expense multiplier and the Indiana bankruptcy allowable living expenses. These are the expenses for cases filed on or after May 1, 2020/

We understand that many people can’t wait to know whether they qualify for Chapter 13 and the kind of payment plan they would get if they were to opt for Chapter 13. It is good to remember that a precise self-estimation of Chapter 13 bankruptcy arrangement payment can be a hard nut to crack because of the complex bankruptcy forms you have to fill.

For this very reason, we came up with a calculator that will shed some light on whether you qualify for Chapter 7. The calculator will also provide an estimated payment plan should you go for a Chapter 13 bankruptcy.

How Does the Chapter 13 Calculator Work?

With the Quick and Precise Calculator below, you will be able to estimate Chapter 7 qualification or estimate your Chapter 13 plan payment. You will also be able to estimate the all-in costs and fees and compare pros and cons of different debt relief options.

Indiana Means Testing

The calculator appearing above considers Indiana means testing data shown to estimate your Chapter 7 eligibility. In the table, you can also view the particulars for the Indiana Means Test for cases filed on or after May 1, 2020, while keeping in mind that every person after seven individuals is $9,000.

# of PeopleAnnual Income
1$48,834
2$62,931
3$73,537
4$87,636
5$96,636
6$105,636
7$114,636
8$123,636
9$132,636

Indiana Bankruptcy Exemptions

Before pursuing bankruptcy, find out if you possess any property that is above the Indiana bankruptcy exemption. Although you might be a suitable candidate for Chapter 7, owning a considerable equity position in properties makes you better suited for Chapter 13 or debt settlement.

When you file for bankruptcy, remember that Indiana has particular bankruptcy exemptions and statutes that should be considered. If your assets are higher than Indiana exemptions, you can face liquidation. Here, we have a detailed list of Indiana Bankruptcy exemptions.

Bankruptcy Trustees in Indiana

The trustee’s primary responsibility is mainly to liquidate the debtor’s nonexempt property and regulate the bankruptcy process. You’ll find that there many Chapter 7 trustees in Indiana but not as many Chapter 13 trustees in Indiana.

Chapter 7 Trustees Indiana

DistrictNamePhone
NorthernGary D. Boyn(574) 294-7491
NorthernEdward Chosnek(765) 742-9081
NorthernDaniel L. Freeland(219) 922-0800
NorthernGordon E. Gouveia(219) 736-6020
NorthernJacqueline S. Homann(574) 233-1194
NorthernRebecca L. Hoyt-Fischer(219) 284-2354
NorthernYvette G. Kleven(260) 407-7000
NorthernKenneth A. Manning(219) 865-8376
NorthernJ. Richard Ransel(574) 294-7473
NorthernDustin M. Roach(260) 424-8132
NorthernMartin E. Seifert(260) 426-0444
NorthernMark A. Warsco(219) 423-2537
NorthernKimberly A. Wright(765) 742-7259
SouthernCharity S. Bird(765) 962-7527
SouthernDeborah J. Caruso(317) 634-0300
SouthernKathryn L. Pry Coryell(812) 944-2646
SouthernGregory S. Fehribach(317) 638-2400
SouthernJoanne B. Friedmeyer(317) 755-3103
SouthernJenice R. Golson-Dunlap(317) 263-3580
SouthernPaul D. Gresk(317) 237-7911
SouthernMichael J. Hebenstreit(317) 638-5555
SouthernThomas A. Krudy(317) 635-4428
SouthernR. Stephen LaPlante(812) 463-6093
SouthernLou Ann Marocco(317) 631-0145
SouthernJohn J. Petr(317) 692-9000
SouthernGregory K. Silver(317) 590-0418
SouthernAnastasia M. Wissel(812) 886-6452
SouthernRandall Lee Woodruff(765) 644-6464

Chapter 13 Trustees Indiana

DistrictNamePhone
NorthernPaul R. Chael(219) 650-4015
NorthernDebra L. Miller(574) 254-1313
NorthernDavid Rosenthal(765) 742-8248
SouthernJoseph M. Black, Jr.(812) 524-7211
SouthernDonald L. Decker(812) 234-2600
SouthernAnn M. DeLaney(317) 829-7360
SouthernJohn M. Hauber(317) 636-1062
SouthernRobert P. Musgrave, II(812) 424-3029

Indiana Bankruptcy Court Locations and Districts

There are two bankruptcy districts in Indiana: Northern Bankruptcy District Indiana and Southern Bankruptcy District Indiana. Let’s dig into each district.

Northern Bankruptcy District Indiana

There are four bankruptcy court locations in the Northern District of Indiana. You may want to observe the local rules and the general orders for this district. Here’s the information for the courts below.

Southern Bankruptcy District Indiana

There are are also four bankruptcy court locations in the Southern Bankrutpcy District of Indiana. You may want to observe the local rules and local forms. Your attorney may have knowledge of these as well. Here’s the information for each court.

Is pursuing a Chapter 13 Bankruptcy in Indiana My Best Option? 

If debts swamp you, do not prefer Chapter 7, or you’re not eligible, you can go for Chapter 13 bankruptcy. Bankruptcy aside, other alternatives include debt management and debt settlement.

Before making up your mind, you may want to factor in the bankruptcy pros and cons in addition to the other debt relief options. Our Chapter 13 calculator will help you compare the options on the table while providing the drawbacks and benefits of each option. Apart from using the calculator as a research tool, you can use the calculator for bankruptcy purposes.

Debt can be an everyday nightmare, but we are confident that this article has been a real help in transforming your thinking and leading you on the path of financial freedom. Contact me if you have any questions whatsoever.

Post Author: Ben Tejes

Ben Tejes is a co-founder and CEO of Ascend Finance. Before Ascend, Ben held various executive roles at personal finance companies. Ben specializes in Chapter 13 Bankruptcy, Debt Settlement, Chapter 7 Bankruptcy and debt payoff methods. In his free time, Ben enjoys spending time going on adventures with his wife and three young daughters.

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