Indianapolis Indiana Bankruptcy Law Blog
What types of property can someone keep in a bankruptcy?
Unlike most states, Indiana does not follow federal bankruptcy exemptions. Instead, everyone must follow their state exemptions. Couples filing together may even receive a bonus on their exemption amounts. NOLO provides a detailed list of the state’s bankruptcy...
Is bankruptcy something to be ashamed of?
Filing for bankruptcy should only be used as a last resort, your friends may have told you. Your credit will be ruined and you might never recover, you may have also heard. While this advice may be well-intentioned, it is not necessarily true. There are many...
What are signs you may be on your way to filing bankruptcy?
Staying on top of your finances is a good idea to not only keep yourself from getting into trouble but also to be able to recognize when you are struggling. Sometimes if you catch the signs of financial issues early, you can turn things around. However, you need to be...
Restaurant closures may cause a financial crisis for employees
At least 18 restaurants located in Indianapolis and its surrounding suburbs have permanently closed during the first half of 2019. While some restaurants were in business for decades, a handful closed in less than two years of opening, as reported by the Indianapolis...
How do I keep my home?
You work long, hard hours making money to support your family. But, although you have a steady job, money is getting harder and harder to come by. Bankruptcy is not a happy subject to talk about. Losing everything, even after doing what you can to bring money in...
Could I owe less than the reported medical debt?
The state of medical care in Indiana matches that of the rest of the country. It is too expensive, and costs only seem to rise. With no real solution coming from the federal government, it is up to you to take control of your medical debt. This requires some work on...
How can I reduce my medical debt quickly?
There is no hiding the fact that medical care is incredibly expensive these days. It does not matter if you seek care in Indiana or another state, you will be paying top dollar for anything you have done. This makes it simple to get into medical debt fast. Just having...
Why are seniors filing bankruptcy more often?
Filing bankruptcy is never an easy decision. Trying to rebuild afterward is difficult. For many years, younger people were more likely to file for bankruptcy in Indiana. It made more sense at a younger age to do so. This would allow you to get your finances back in...
What is the Student Borrower Bankruptcy Relief Act of 2019?
If you have looked into filing bankruptcy in Indiana before, then you probably know that student loan debt is not dischargeable. Basically, you cannot get rid of it any other way than paying it off. However, that may change. The state of the student loan environment...
What should I know about the repayment plan?
When you file Chapter 13 bankruptcy in Indiana, it is important that you understand this type of bankruptcy requires a repayment plan. Unlike Chapter 7, which erases your debts, Chapter 13 allows you to restructure your debt so you can afford to pay it off or at least...
