Indiana Uniform Document Production (Chapter 7 cases) is a set of pre-approved documents and forms that are used to process and finalize Chapter 7 bankruptcy cases. These documents include the Petition, Schedules, Statement of Financial Affairs, Statement of Intention, and other forms required by the Indiana Bankruptcy Courts. The Indiana Uniform Document Production (Chapter 7 cases) is designed to provide a simplified and efficient process for the filing and processing of Chapter 7 bankruptcy cases. It enables debtors to file their bankruptcy petition in a uniform format, regardless of the jurisdiction in which they are filing. The forms included in the Indiana Uniform Document Production (Chapter 7 cases) are also used in other court cases, such as Chapter 11, 13, and 12 cases. There are two types of Indiana Uniform Document Production (Chapter 7 cases): non-individual and individual. Non-individual Indiana Uniform Document Production (Chapter 7 cases) is used for businesses, corporations, partnerships, and other non-individual entities filing for bankruptcy. Individual Indiana Uniform Document Production (Chapter 7 cases) is used for individuals filing for bankruptcy.
Indiana Uniform Document Production(Chapter 7 cases)
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FAQ
To qualify for a Indiana Chapter 7 bankruptcy, you cannot have filed for a Chapter 7 in the 180 days preceding your filings. If you filed and did not show up for court or disregarded the process in some other way, you cannot file. However, after 180 days, you will be eligible to file again.
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.
Means Test Exemptions If the debts you want to escape with Chapter 7 are primarily non-consumer (business) debts. The courts typically require your business debt to be more than 50% of the total debt, including such debts at money owed to business vendors and suppliers.
A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains ?in possession,? has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money.
The test involves seeing how your income compares to the median income in the state for other individuals who have a family with a similar size as yours. If you are at or below the median income level, you will most likely qualify for Chapter 7. If you don't, you may still be able to file for Chapter 13 bankruptcy.
This formula takes a look at the amount of disposable income compared to the level of unsecured debt. If the debtor's disposable income, projected for a five-year period, is more than 25 percent of the total unsecured debt, the debtor will likely be denied a Chapter 7 filing.
Total average monthly payment for all mortgages and other debts secured by your home. To calculate the total average monthly payment, add all amounts that are contractually due to each secured creditor in the 60 months after you file for bankruptcy. Then divide by 60.