On behalf of Lynch & Belch, P.C. | Feb 9, 2020 | Bankruptcy
An alarming number of Americans find themselves struggling because of increasing medical debts. Approximately 137 million U.S. citizens experienced financial hardship during 2019 due to high out-of-pocket expenses. As reported by CNBC, medical expenses contributed to...
On behalf of Lynch & Belch, P.C. | Jan 21, 2020 | Bankruptcy
Debt is very difficult for anyone to deal with, regardless of the unique challenges they face. We know that for some people, debt is particularly tough to take on for certain reasons. For example, some are in the middle of career upheaval, a tough divorce or some...
On behalf of Lynch & Belch, P.C. | Jan 13, 2020 | Bankruptcy
Many individuals who file for bankruptcy wonder if they will ever be able to qualify for a mortgage. Although bankruptcy does result in a significant credit score impact, purchasing a home is often possible within a few years after filing. Learn more about the rules...
On behalf of Lynch & Belch, P.C. | Oct 15, 2019 | 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...
On behalf of Lynch & Belch, P.C. | Sep 23, 2019 | Bankruptcy
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...
On behalf of Lynch & Belch, P.C. | Sep 10, 2019 | Bankruptcy
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...
On behalf of Lynch & Belch, P.C. | Sep 10, 2019 | Bankruptcy
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...
On behalf of Lynch & Belch, P.C. | Sep 10, 2019 | Bankruptcy, Chapter 13 Bankruptcy
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...
On behalf of Lynch & Belch, P.C. | Dec 9, 2015 | Bankruptcy, Firm News
Personal bankruptcy can be handled in two different ways, under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. Chapter 7 is used primarily for low-income debtors who own few assets and little cash. Chapter 13 is a restructuring of debt, used by people who have...
