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WWAN Referral Network
If your firm wishes to join our growing network, us with the contact form to let us know.
Indiana Area Codes Available
219, 260, 574
Indiana Area Codes Taken
317, 765, 812
Indianapolis Chapter 9 Bankruptcy attorneys
The government enacted the initial municipal bankruptcy legislation in the early 1900s during the depression era. Ever since the formation of a governmental mechanism to settle local government debts, an estimated 500 local governments have filed bankruptcy claims under Chapter 9. Even though Chapter 9 bankruptcy cases don’t happen that often, a filing by a large government entity can involve many millions of dollars in debt.
If you need help filing chapter 9 bankruptcy, let our Chapter 9 Bankruptcy Lawyer help now.
Only a local government can submit a claim for debt relief under chapter 9. The term “local government” defined in the Bankruptcy Code means a political subdivision or public agency or instrumentality of a higher level State government entity. The definition is wide enough to include cities, counties, townships, school districts, and public improvement districts. It also includes revenue entities that provide services which are paid for by users such as bridge, highway, and gas authorities.
There are three additional eligibility requirements for chapter 9:
- The government entity must be exclusively allowed to be a debtor by State law
- The municipality must be "bankrupt"
- The municipality must desire to implement a plan to adjust outstanding debts
The principle of Chapter 9 bankruptcy is to offer an economically-distressed local municipal protection from its creditors while it develops a plan for adjusting its debts. Reorganization of the debts of a municipality is normally done by lengthening the dates on which the debts are due, reducing the amount of interest on debts, or refinancing the debt with a new loan. Although similar to other chapters in some respects, chapter 9 is significantly different in that there is no provision in the law for liquidation of the assets of the municipality and distribution of the proceeds to creditors.
Let our Indianapolis Chapter 9 Bankruptcy attorneys help you!
Chapter 9 Bankruptcy » Criminal, Divorce & Family Attorneys and Lawyers Serving Lake Co., Marion Co. and St. Joseph Co. Indiana
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317.572.7717 Bloomington
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317.572.7717 Fort Wayne
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317.572.7717 Indianapolis
317.572.7717 Kokomo
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317.572.7717 Valparaiso
317.572.7717 West Lafayette
Research Indicates More Alcohol Sales Equates to More Violence
Recent Indiana research indicates more alcohol sales sites in a neighborhood equates to more violence and the highest assault rates are associated with carry-out sites selling alcohol for off-premise consumption. If you have been arrested for an alcohol related crime contact our Indianapolis Criminal Defense Attorney now!
Indiana Social Security September 2009 Newsletter
Retirement is probably the last thing on your mind if you’re a young worker. But
there are some basics you should know about Social Security and savings to plan
for your retirement.
Social Security is the foundation for a secure retirement, but was never intended
to be your only source of income when you retire. While Social Security replaces
about [...]