Three Rivers Bankruptcy
Chapter 7
     Chapter 7 is designed for debtors in financial difficulty who do not have the ability to pay their existing debts. Debtors whose debts are primarily consumer debts are subject to an income test to determine whether the bankruptcy can be filed under Chapter 7 . If your income is greater that the median income for the state of Indiana based on family size, you will be required to file a Chapter 13 bankruptcy. Before I file a chapter 7 bankruptcy for you, I will get income information from you to make sure that you are eligible to file a chapter 7 bankruptcy.

Chapter 13
       Chapter 13 is designed for individuals with regular income who would like to pay all or part of their debts in installments over a period of time or whose income falls above the state median income. Under chapter 13, you must file with the court, a plan to repay your creditors all or party of the money that you owe them, using your future earnings. The period allowed by the court to repay your debts may be from 3 to 5 years, depending on your income and other factors. The court must approve the plan before it can take effect. 
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