As a new year is well underway, many people in Indiana have resolved to get their finances in order this year. That is a laudable goal indeed, and a recent news article pointed to a few tips that might be useful for those who are making financial moves. Financial tips...
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Indianapolis Indiana Bankruptcy Law Blog
How can bankruptcy help protect my home?
Many Indianapolis families may start to consider bankruptcy because they are behind on their mortgage. This is because losing one’s home is a very stressful and scary event, especially if a person has no plans for where to live. While a bankruptcy may be able to help...
Will you lose your vehicle if you file bankruptcy?
If, despite your best efforts, you have long struggled to manage your debts, you may feel ready to file bankruptcy. Yet, even if filing makes financial sense, you may hesitate to proceed if you fear the prospect of surrendering your assets. Among the assets you are...
Local Indiana nonprofit helps Hoosiers with medical debt
When the health crisis hit last spring and Indiana shut down, some local healthcare providers decided to take action to help their fellow Hoosiers manage financially crippling medical debt. Dr.’s Jeffrey and Leigh Meltzer, who have overseen thousands of deliveries of...
Indiana currently among leaders in bankruptcy filings
The economic fallout from the ongoing health crisis has touched every corner of the United States. However, even in a reeling nation, Indiana stands out in one measure of one economic hardship – personal bankruptcies. Organizations monitoring the amount of people...
There are steps Hoosiers can take to get medical debt relief
A significant illness and injury can leave an Indianapolis resident in unexpected and hefty medical debt. Even when a person has what seems like good health insurance, she may still be personally responsible for thousands of dollars before hitting and out-of-pocket...
How to use a reaffirmation agreement in bankruptcy
When residents of Indiana contemplate bankruptcy, they usually look forward to the cancellation or restructuring of a large part of their financial load. To the surprise of many debtors, the Bankruptcy Code contains a provision that allows the debtor to reaffirm the...
Avoid the ‘fear factor’ over bankruptcy
With rising medical costs, high unemployment and other economic consequences for middle- and low-income families, it’s not surprising that thousands of people file for bankruptcy every year. The more puzzling question is why more people don’t. Fewer than 1% of...
Supreme Court reviews impounded property and bankruptcy
Bankruptcy is intended to prevent the seizure of some assets. But federal courts have been inconsistent on whether creditors must immediately return repossessed or impounded property when the owner files for bankruptcy. The U.S. Supreme Court is considering an appeal...
Do people who file for bankruptcy lose their retirement accounts?
Many people in the Indianapolis area have run into financial trouble at least once in their life. A person may accumulate too much credit card debt or medical debt because of a lost job or an unexpected accident or illness. Crushing debt can be a stressful situation...