Living in Plainfield, Indiana
Plainfield is a city of about 35,200 people that was originally settled by Quakers who were known as “plain people,” thus the name Plainfield. For decades, it was a mostly rural and agricultural town. In the 1950s, the area began to experience a steady upward trend in population and economic growth.
Today, Plainfield is a sparse suburban area with a charming small-town atmosphere, low crime, affordable housing, and good public schools that frequently receive A+ ratings. Although Plainfield is considered an outlying suburb of southwestern Indianapolis, it’s still a somewhat rural area and takes a solid 30-minute drive to reach downtown Indy, especially in rush-hour traffic.
Plainfield has an exceptional livability score, primarily due to its attraction for families and young professionals with moderate incomes. Living here, you’ll find a wide variety of job opportunities and housing options, with a cost of living that is below the national average.
About Bankruptcy in Plainfield, Indiana
In Plainfield, people sometimes find themselves in need of bankruptcy when their costs exceed their monthly income. Plainfield’s average rent of about $1,009 is higher than the national average and can be hard to afford if you also have a car payment, credit card debt, and other expenses. Job loss is becoming more common in this area of the midwest, where COVID-19 has created widespread unemployment, according to economists.
In the U.S., the #1 cause of bankruptcy is medical debt, with job loss as a close second. Other common causes include sudden expenses, divorce, and property damage. Think about what might cause the need for bankruptcy. Could you handle months or years without a job? What if you get divorced or ill? Situations like these are why people turn to bankruptcy.
A Plainfield bankruptcy attorney helps you understand your options and make smart financial decisions. Many people in Plainfield opt for Chapter 7 bankruptcy if they qualify. In fact, 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.
Another option, Chapter 13 bankruptcy, requires a longer timeframe of 3 to 5 years but it can also allow you to keep your good name with your creditors as you recover financially. Plainfield homeowners and business owners sometimes choose Chapter 13 and use exemptions along with it. Consult your bankruptcy attorney to discuss the best bankruptcy choice for your situation.
Nationwide and Local Bankruptcy Statistics
As you can see below, the U.S. Bankruptcy Court maintains an annual total of each year’s new bankruptcy filings and the total Chapter 7 filings fell for the period of 2016 to 2019, then rose in 2020 for the rolling year ending in March. This new rise in bankruptcy filings is predicted to continue due to the COVID-19 pandemic crisis and other economic factors, escalating gradually over a period of two or more years based on historic indicators.
U.S. Chapter 7 Filings
U.S. Chapter 13 Filings
Indiana’s number of Chapter 7 filings has dropped in recent years, while Chapter 13 filings have risen. Indiana’s full total of annual bankruptcies is available after the end of each current calendar year.
Indiana Chapter 7 Filings
Indiana Chapter 13 Filings
The bankruptcy statistics for Hendricks County include the cities of Plainfield, Avon, Brownsburg, and Danville.
Chapter 7 Filings
Chapter 13 Filings
Your Plainfield, Indiana Bankruptcy Courthouse Location
Considering bankruptcy? In Plainfield, you must file for bankruptcy through the United States Bankruptcy Court for Hamilton 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
Bartholomew, Boone, Brown, Clinton, Decatur, Delaware, Fayette, Fountain, Plainfield, Hamilton, Hancock, Hendricks, Henry, Howard, Johnson, Madison, Marion, Monroe, Montgomery, Morgan, Randolph, Rush, Shelby, Tipton, Union, and Wayne.
Sawin & Shea – Plainfield, Indiana Bankruptcy Attorneys
Filing for bankruptcy is not the end. It’s the beginning of a new financial life for you. The Plainfield, 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.