Indianapolis Indiana Bankruptcy Law Blog
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...
How the automatic stay protects consumers in bankruptcy
Personal bankruptcy options provide a number of different protections to filing parties. One of those protections is the automatic stay that immediately goes into effect once the filing party files for bankruptcy protection. The protections offered by the automatic...
What is the meeting of creditors?
The only time most people who file bankruptcy will have to be in court is for the meeting of creditors. This meeting, also known as the 341 meeting, often will not even take place in a courtroom, and it does not involve a judge. According to the U.S. Courts, the...
Don’t let debt collectors take your unemployment benefits
Life isn't easy for many Hoosiers right now. Over the last few months, countless people in Indiana have had to file for state and federal unemployment benefits. And for many, that source of income is the only thing keeping them above water. Unfortunately, those who...
Bankruptcy And Tax Debts
One of the many events delayed by Covid-19 this year was Tax Day. Normally due April 15, the filing deadline was pushed to July 15, which has since come and gone. But millions of Americans requested an extension, moving their due date to October 15. If you are feeling...
Indiana Ranks High In Covid-Related Bankruptcies
There’s no debating the fact that 2020 has been a very difficult year for most Americans. Although there have been numerous social and political problems, to be sure, the most far-reaching hardship was brought by the Coronavirus pandemic. Covid-19 shut down much of...
Proven strategies for paying off credit card debt
If you feel like you’re in over your head in credit card debt, you’re certainly not alone. According to the Federal Reserve, Americans owe roughly $1.08 trillion in revolving debt. Getting yourself into overwhelming credit card debt is all too easy, but digging...
4 Serious consequences of living with debt
Regardless of the type of debt you have or the amount, living with debt looming over your head can have many potential adverse effects – many of which aren’t financial. Carrying substantial debt doesn’t just affect your credit score and spending abilities; it can lead...
If I file for bankruptcy, will I lose my house?
If you are considering filing for bankruptcy, you will have many questions. Will bankruptcy offer you relief from your debt? Will you lose everything in the process? With many people today relying on their home as the space where they work, where their children learn...
What are you doing to handle your medical debt?
Even with health insurance, a single medical bill can quickly drive you and your finances into the ground. The stress and anxiety of bill collectors calling and looming debt have you losing sleep and feeling depressed. How do you find lasting relief? AARP notes a few...
