Debt can be overwhelming. It can begin as a manageable necessity for an Indiana resident to acquire property or credit, and spiral into a burdensome financial obligation that the person cannot get ahead of. When debt becomes something that an individual cannot manage...
Many individuals understand they are facing overwhelming debt and continue to avoid bankruptcy because they are concerned about what the process might do to their credit rating. While a bankruptcy can impact your score, you are likely doing more damage to it by...
In the public realm, Indiana consumers think of a Chapter 13 bankruptcy as an alternative to the more common Chapter 7. Basically, it is for consumer debtors who, for whatever reason, want to offer a court-sanctioned repayment plan that will pay all or an approved...
The biggest expenses Indianapolis residents and their counterparts across the country have are related to healthcare. Indianapolis residents struggling with medical expenses are not alone. According to one poll, 15% of people will not be able to repay their medical...
It is a fact that filing for Chapter 7 or Chapter 13 bankruptcy will affect your credit score. A Chapter 7 filing will stay on your credit report for ten years, while a Chapter 13 filing lasts on your record for seven years. During those years, it can be more...
One fear Indianapolis residents might have about filing for bankruptcy is that they will have to turn over all of their property for sale so that they can pay their debts. While it is possible that someone who files for Chapter 7 bankruptcy may have to surrender some...
Many people in Indiana are driven into bankruptcy by one factor: repeated collection activity by creditors. Some creditors can be reasonable in dealing with people who owe them money, but many can be rude, relentless and disrespectful. The federal Bankruptcy Code has...
The past year has been financially difficult for many Indiana residents. For those who are considering bankruptcy under Chapter 13 there is some helpful information available about the program. Chapter 13 bankruptcy is a type of bankruptcy which requires that a...
Medical debt is a problem for many Indiana residents. It can come out of nowhere – an otherwise healthy Indianapolis resident may suffer an accident or sudden illness and find themselves hospitalized for days or even weeks. When they emerge from their ailment they may...
When an individual’s finances begin spiraling out of control, one of the most recognizable stressors is the unending efforts of debt collectors. Whether they are sending letters, calling or firing off emails, these debt collectors will often harass debtors while...
