How to file bankruptcy in indiana?

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Filing for bankruptcy can be a complex process, and understanding the specific procedures and requirements in your state is crucial. If you are considering filing bankruptcy in Indiana, this article will provide you with an in-depth guide on how to navigate through the process successfully.

Types of Bankruptcy

Before diving into the specifics of filing bankruptcy in Indiana, it’s important to understand the different types of bankruptcy available. The most common types for individuals and small businesses are Chapter 7 and Chapter 13 bankruptcy.

Chapter 7 Bankruptcy: Also known as “liquidation bankruptcy,” Chapter 7 allows individuals to discharge most of their debts by liquidating non-exempt assets. This type of bankruptcy is suitable for those with limited income and few assets.

Chapter 13 Bankruptcy: Chapter 13 bankruptcy involves creating a repayment plan to pay off debts over a period of three to five years. This type of bankruptcy is ideal for individuals with a regular income who want to keep their assets and catch up on missed payments.

Filing Bankruptcy in Indiana

1. Credit Counseling: Before filing for bankruptcy, individuals in Indiana are required to complete credit counseling from an approved agency. This counseling session aims to provide you with information and alternatives to bankruptcy.

2. Gather Required Documents: To file bankruptcy in Indiana, you will need to gather several important documents, including:

– Proof of income (pay stubs, tax returns, etc.)
– A list of all your assets and their values
– A list of all your debts and their amounts
– Bank statements and financial records
– Any relevant contracts or leases

3. Complete Bankruptcy Forms: The next step is to complete the necessary bankruptcy forms. These forms include the petition, schedules, and statements that disclose your financial information, assets, debts, and income. It is crucial to be accurate and thorough when filling out these forms to avoid any complications during the process.

4. File the Bankruptcy Petition: Once you have completed the required forms, you will need to file them with the Indiana bankruptcy court. You will also need to pay the filing fee, which is currently $338 for Chapter 7 and $313 for Chapter 13 bankruptcy.

5. Automatic Stay: After filing your bankruptcy petition, an automatic stay goes into effect, which halts all collection actions from creditors. This means that creditors cannot pursue legal action, garnish wages, or contact you regarding your debts.

6. Attend the Meeting of Creditors: Approximately 30 days after filing, you will be required to attend a meeting of creditors, also known as a 341 meeting. During this meeting, the bankruptcy trustee and any creditors who choose to attend will ask you questions about your financial situation. It is essential to be prepared and honest during this meeting.

7. Financial Management Course: Before receiving a discharge, individuals filing for bankruptcy in Indiana must complete a financial management course from an approved agency. This course aims to provide you with the tools and knowledge to manage your finances effectively in the future.


Filing for bankruptcy in Indiana requires careful preparation, accurate documentation, and adherence to specific procedures. By following the steps outlined in this article, you can navigate the bankruptcy process successfully and work towards a fresh financial start.


– United States Courts:
– Indiana Bankruptcy Court:
– Indiana Legal Services: