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...
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Can I buy a home after 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...
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...
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...
What happens to your accounts in Chapter 7 bankruptcy?
If you're considering filing for bankruptcy, you likely don't have many thousands of dollars in your various bank accounts. However, you probably have at least a checking account that you pay bills from and perhaps a small savings account. What happens to those during...
What can you do to avoid getting into medical debt?
It's well-known that in this country, medical debt is one of the leading causes of bankruptcy. Recently, we discussed ways to eliminate, or at least pay down, your medical debt. However, it's best to avoid getting into medical debt at all. Large medical bills may be...
How Chapter 13 bankruptcy could save your home
It’s a financial nightmare no one wants to live through: the prospect of losing your home. But it can happen to the best of us – and often for reasons beyond our control. Perhaps you lost your job or received a devastating medical diagnosis. Maybe your...
Can filing bankruptcy impact your career?
If you're considering filing bankruptcy, the last thing you should have to worry about is whether it will impact your job. You aren't going to tell your employer about your financial situation. However, what if they find out? Can they fire you? The good news is that...


