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...
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...
