For many people, credit cards have benefits. They are convenient to use, accepted in a wide variety of stores in the U.S., and some people use them to earn points or other credit card rewards, which can be significant. If the credit card is not paid in full each...
Chapter 7 is an important form of personal bankruptcy. It permits individuals to discharge some of their debts through the process of liquidation. Whether a debt can be discharged through Chapter 7 bankruptcy can depend on its classification as secured or unsecured....
The economic wave of 2020 crashed in bankruptcy court. According to the American Bankruptcy Institute (ABI), more than 17,000 Indiana residents filed under one of the three more common chapters: 7, 11, and 13. Indiana law, however, affords some protection for those...
Most people in Indiana view bankruptcy as a means for discharging their obligations to creditors and escaping what may be a suffocating mountain of debt. Unfortunately, not all debts can be discharged in bankruptcy. An understanding of the most common nondischargeable...
Most people in Indianapolis go to the doctor or hospital because they have to. In some cases, treatment is necessary in order to protect a person’s life or ability to fully function. In other situations, the alternative to treatment is the possibility of pain,...
Over the past year or two, we have seen the news reports on the expected tsunami of bankruptcy filings that we will experience soon. Indeed, economists across the country and world thought that the economic turmoil over this time would cause a bankruptcy surge, the so...
Medical debt can be debilitating which is why consumers struggling with it should be familiar with the bankruptcy options that may be able to help. Medical debt can be eliminated in bankruptcy and different personal bankruptcy protection options may help. Eliminating...
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...
