Over the past several weeks, many news outlets have reported that the number of bankruptcy filings across the country have fallen sharply in 2021. In fact, according to the data from the U.S. Courts website, a total of 434,540 bankruptcy petitions were filed in the...
The past two years have seen sudden economic turmoil, including job losses, business failures and recession. Whether it has been due to crushing medical debt, a layoff, or unfavorable financing options, many Indiana residents are still struggling to see the light of...
Even with the passage of multiple bills and the revamping of the U.S. healthcare system, millions of us have medical debt, and, for some of us, that debt is crippling. Though for 108,000 of these debtors, they recently had their medical debts paid-off. RIP Medical...
All it takes is one surgical procedure or an unplanned trip to the emergency room in Indianapolis for you to be sacked with a hefty medical bill. After all, insurance may not cover everything, or you may have a high deductible to meet before insurance kicks in. The...
The means test is an important assessment that a bankruptcy court will make to ensure a person is eligible for protections under Chapter 7 bankruptcy. It involves comparing the filer’s income to the median income of the state where they live. If an Indianapolis...
Financial challenges can impact anyone in Indiana. Whether it is medical expenses, credit card debt or business problems that have extended to personal finances, it is important to understand that there are legal strategies that while bankruptcy might not be viewed as...
Moving forward with a bankruptcy filing is rarely an easy decision and Indiana residents undoubtedly take it seriously. The benefits of a Chapter 7 or Chapter 13 bankruptcy are many. People can get into a better financial situation and clear onerous debts to get a...
The automatic stay is an important bankruptcy tool that provides protection for bankruptcy filers throughout the bankruptcy process. Struggling consumers considering filing for bankruptcy protection should understand how Chapter 7 bankruptcy works and the protections...
Debt is a problem for many Indiana residents. That can stem from many sources. Researchers and consumer advocates seek information about these overwhelming debts to try and help people find viable solutions. One recent policy brief from the Indiana Institute for...
Many people dream of getting a college degree from one of Indiana’s many fine universities, but this education comes at a steep price in the form of high tuition rates, housing, books and other fees. This means people may incur tens or even hundreds of thousands in...
