Many Americans struggle under the crushing weight of medical debt. We count on our doctors and medical systems to keep us healthy, but the cost of care is often outrageously expensive. Medical debt can occur slowly over time, if you suffer from a chronic illness that...
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The statute of limitations and debt collection
Many people in Indiana go through periods in their lives in which they struggle with debt. With some hard work, some sacrifices and some luck -- and perhaps some help from debt relief professionals -- they may get their financial houses in order and put the hard times...
How does medical debt affect my credit?
Most people know that unpaid debt goes on our credit after 30 days of nonpayment. Of course, some creditors may take way longer to report unpaid balances, but they can begin reporting late payments at 30 days. However, beginning this summer, those of us with medical...
Bankruptcy: The statistics and the personal stories
The law often refers to certain bankruptcy cases as "personal bankruptcy" to distinguish them from business bankruptcy, but there's another sense in which the name makes sense. Behind each personal bankruptcy case is a very personal story. This personal aspect...
What happens when you don’t pay your credit card bill?
Almost every Indianapolis area resident has at least one credit card. In fact, it is estimated that most people have at least 4 credit cards. Although these credit cards are usually paid off each month, there are situations where you may not be able to make the...
Is it better to hold onto the home if you can’t afford it?
For many homeowners in Indiana and around the country, making hard choices is a daily struggle. When it comes to deciding between paying the mortgage or putting food on the table, however, providing for the family’s immediate needs is the priority. But over time,...
Filing bankruptcy to discharge medical debt
If a person is injured or is sick and needs medical care, he or she can incur expensive medical bills. While he or she should be focused on healing, instead they may be worried about how to pay these expenses. Medical bankruptcy Statistics indicate that many...
When Chapter 13 bankruptcy may be better than Chapter 7
People in Indiana rely on being able to borrow money to make major purchases and it is important not only for people’s lives but also helps the economy when people take out loans. Having debt is not really a bad thing when people are able to manage it. However, life...
How can the automatic stay help during bankruptcy?
Bankruptcy can provide relief in a variety of different ways. In addition to providing debt relief and a potential fresh financial start, the bankruptcy protection process can also provide immediate relief through the automatic stay which those considering filing for...
Can filing for bankruptcy save my home from foreclosure?
Hard financial times can befall just about anyone in Indianapolis. All it takes is a job loss, a serious illness, divorce or other major life event that causes you to take on unmanageable debt. You may even find you can no longer make your mortgage payments and are...