Indianapolis Indiana Bankruptcy Law Blog
Health concerns and addressing medical debt
Debt is very difficult for anyone to deal with, regardless of the unique challenges they face. We know that for some people, debt is particularly tough to take on for certain reasons. For example, some are in the middle of career upheaval, a tough divorce or some...
Reviewing the advantages of Chapter 13
Our law office knows that there are many options to choose from when it comes to filing for bankruptcy. Each approach is ideal in different situations, but in this blog, we will look at some of the advantages of Chapter 13. For starters, we know that some people are...
Can I buy a home after bankruptcy
Many individuals who file for bankruptcy wonder if they will ever be able to qualify for a mortgage. Although bankruptcy does result in a significant credit score impact, purchasing a home is often possible within a few years after filing. Learn more about the rules...
Could cancer lead to Chapter 7?
Most people do not end up filing bankruptcy in Indiana unless they have a situation that puts strain on their finances. The trigger can be anything. However, there is one issue that you may face that could put you into serious financial trouble and lead to you having...
How can I prevent medical debt from accumulating?
Even people with health insurance find themselves faced with massive medical bills. Some treatments won't be covered by your insurance, especially if you have a chronic or life-threatening illness. While you can't always avoid expensive medical treatments,...
What to know about unsecured debt
There are three kinds of debt involved in Chapter 13 bankruptcy: priority debt, secured debt, and unsecured debt. While you should expect to pay your priority debts and secured debts, unsecured debt is a different story. Depending on your ability to pay, you may be...
How can I pay down medical debt?
Dealing with medical debt can be stressful. Not only will you need to deal with the effects of your medical condition, you'll also have to contend with creditors attempting to collect on outstanding debt. Fortunately, you do have options when it comes to paying down...
5 ways to rebuild your credit after bankruptcy
Filing for personal bankruptcy may seem like a last resort to many Indiana residents. However, as you may have experienced, a Chapter 7 bankruptcy can also be a fresh start and may give you a great sense of relief after it unburdens you of your debt. Like others who...
What types of property can someone keep in a bankruptcy?
Unlike most states, Indiana does not follow federal bankruptcy exemptions. Instead, everyone must follow their state exemptions. Couples filing together may even receive a bonus on their exemption amounts. NOLO provides a detailed list of the state’s bankruptcy...
Is bankruptcy something to be ashamed of?
Filing for bankruptcy should only be used as a last resort, your friends may have told you. Your credit will be ruined and you might never recover, you may have also heard. While this advice may be well-intentioned, it is not necessarily true. There are many...
