Nobody understands chapter 13 bankruptcy more than an Indiana bankruptcy attorney who has spent years dealing with the intricacies of various cases, studying legal decisions, and helping clients dig their way out. Let’s take a look at some of the secrets attorneys have discovered: 

  • Paperwork matters. Any experienced bankruptcy attorney will stress the importance of the chapter 13 paperwork. In all, a petition with schedules and a detailed repayment plan can run in excess of 40 pages. With that being said, there are plenty of areas where mistakes can be made. When preparing your paperwork, be as accurate, honest, and thorough as possible.
  • Develop a strict budget. You cannot survive chapter 13 bankruptcy without making timely payments. The only way to do this is by creating a strict budget and diligently sticking to it. This will require you to cut out superfluous expenses and hone in on what really matters.
  • Stay on top of changes. If something changes in your life, notify your attorney immediately. The court can amend, restructure, or modify your plan at any point, but you must be upfront and honest about what is happening.
  • Find help. One of the best things you can do for your financial future is to use this time to find coaching or mentoring. By surrounding yourself with people who understand bankruptcy, you can better prepare yourself for the ensuing aftermath.

Keep these four tips in mind when dealing with chapter 13 bankruptcy and remember to always be as honest, accurate, and detailed as possible.