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Experienced Bankruptcy Attorneys Serving Franklin, Indiana

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Living in Franklin, Indiana 

Franklin is located in Johnson County, Indiana, and is a small city of about 23,700 people. Indianapolis is just a short 20-mile drive north of Franklin, which means there are lots of job opportunities nearby, in addition to the employment opportunities located within Franklin itself.

Franklin College is located here, which adds an undeniable touch of atmosphere to the city and brings sports and arts interest to the area. Franklin is often considered the perfect All-American city due to its small-town charm that was featured in Life magazine in 1940 and several times since then.

In Franklin, the standard of living is high while still being very affordable. It’s 11% less expensive to live here than in the rest of the United States. The median household income is very close to the national average, yet you can buy a home for 38% less than the national average. Public schools are good, crime is low, and there are many entertainment and dining options. 

About Bankruptcy in Franklin, Indiana

Franklin is an affordable place to live, but that’s no guarantee that you’ll be financially stable. Franklin has seen job loss over the past decades in factory work and manufacturing, even as it has seen new job creation in the warehousing and professional administration fields. COVID-19 has also brought a cascade of new job loss to the area that may be permanent, according to economists.

Anyone in Franklin can easily find themselves in financial trouble due to car payments, mortgage payments, or business-related expenditures. Commuting costs can be high in Franklin if you work in Indianapolis, which is a 20-mile drive each way and can easily create a long daily commute with frequent car repairs.

The #1 cause of bankruptcy is medical debt. Other common causes include job loss, divorce, property damage, and crises that shake up your life and prevent you from paying your bills on time. What would you do if you lived in Franklin and lost your job in Indianapolis? What if you were going through a costly divorce? What if you had an unexpected health crisis?

Here in Franklin, you may need to file for bankruptcy to get a fresh start on your finances. A bankruptcy attorney helps you understand your options and make choices that will most benefit you moving forward.

Many people opt for Chapter 7 bankruptcy if they qualify. Chapter 7 bankruptcy is the most popular choice in the U.S. because it quickly liquidates all of your non-exempt property and is usually finalized quickly within a period of 3 to 6 months.

Chapter 13 requires a longer timeframe of 3 to 5 years, but it may allow you to maintain your good name with your creditors. Franklin homeowners and business owners sometimes choose Chapter 13 and use exemptions along with it. Your bankruptcy attorney can advise you on whether this is the right choice for your specific circumstances.

Nationwide and Local Bankruptcy Statistics


Looking at a 12-month period, the total number of new bankruptcy filings fell. They will likely rise soon due to the COVID-19 crisis. Any change in the U.S. economy or healthcare situation could contribute to changes that raise the future level of bankruptcy filings.

U.S. Chapter 7 Filings

2016: 523,394
2017: 488,417
2018: 480,933
2019: 477,417

U.S. Chapter 13 Filings

2016: 302,193
2017: 298,348
2018: 290,566
2019: 288,039


Looking at the number of bankruptcy filings, Indiana’s number of Chapter 7 filings has dropped in recent years, while Chapter 13 filings have risen.

Indiana Chapter 7 Filings 

2015: 7885
2016: 7168
2017: 6947
2018: 6853
2019: 6632

Indiana Chapter 13 Filings

2015: 3043
2016: 3015
2017: 2857
2018: 3030
2019: 3105


Johnson County includes the cities of Greenwood and Franklin.

Chapter 7 Filings 

  • 2015: 442
  • 2016: 413
  • 2017: 394
  • 2018: 420
  • 2019: 396

Chapter 13 Filings

  • 2015: 219
  • 2016: 203
  • 2017: 200
  • 2018: 221
  • 2019: 228

Your Franklin, Indiana Bankruptcy Courthouse Location

As a Franklin resident, you must file for bankruptcy through the United States Bankruptcy Court for Hendricks County. Please use the information below.

Birch Bayh Federal Building and the United States Courthouse
116 US Courthouse
46 East Ohio Street
Indianapolis, IN 46204

Counties Served:

Bartholomew, Boone, Brown, Clinton, Decatur, Delaware, Fayette, Fountain, Franklin, Hamilton, Hancock, Hendricks, Henry, Howard, Johnson, Madison, Marion, Monroe, Montgomery, Morgan, Randolph, Rush, Shelby, Tipton, Union, and Wayne.

Sawin & Shea – Franklin, Indiana Bankruptcy Attorneys

Filing for bankruptcy is not the end. It’s the beginning of a new financial life for you. The Franklin, Indiana bankruptcy attorneys at Sawin & Shea can help you get rid of the overwhelming debt and advise you on life after bankruptcy.  We are here for you during this life-changing process. Please do not hesitate to call us today at 317-759-1483 or send an email for a free consultation. We are ready to help.

4701 North Keystone
Suite 210
Indianapolis, IN 46205
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Quality, Compassionate Representation


Attorney Advertising. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

$0 Down Attorney Fees

No upfront attorney fees in qualifying cases. Pay only court filing fee, credit reporting fee, and pre-bankruptcy credit counseling session fee to get a case on file to stop garnishments, repossessions, and certain court actions. Restrictions may apply. Please call to discuss your situation and learn how we can help.