The past year has been financially difficult for many Indiana residents. For those who are considering bankruptcy under Chapter 13 there is some helpful information available about the program. Chapter 13 bankruptcy is a type of bankruptcy which requires that a...
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Put More Than 50 Years Of Bankruptcy Experience To Work For You
What happens with unsecured debt in a Chapter 13 bankruptcy?
In Indiana and across the United States, a worryingly high number of people are experiencing financial challenges due to the current health situation and the problems that have come about because of it. People are losing their jobs and have exorbitant medical expenses...
How can bankruptcy help protect my home?
Many Indianapolis families may start to consider bankruptcy because they are behind on their mortgage. This is because losing one’s home is a very stressful and scary event, especially if a person has no plans for where to live. While a bankruptcy may be able to help...
How to use a reaffirmation agreement in bankruptcy
When residents of Indiana contemplate bankruptcy, they usually look forward to the cancellation or restructuring of a large part of their financial load. To the surprise of many debtors, the Bankruptcy Code contains a provision that allows the debtor to reaffirm the...
Supreme Court reviews impounded property and bankruptcy
Bankruptcy is intended to prevent the seizure of some assets. But federal courts have been inconsistent on whether creditors must immediately return repossessed or impounded property when the owner files for bankruptcy. The U.S. Supreme Court is considering an appeal...
If I file for bankruptcy, will I lose my house?
If you are considering filing for bankruptcy, you will have many questions. Will bankruptcy offer you relief from your debt? Will you lose everything in the process? With many people today relying on their home as the space where they work, where their children learn...
When a Chapter 13 case fails
Those who file for bankruptcy need to review all of their options before moving forward, especially since there are different strategies to tackle debt and the approaches vary from one bankruptcy to the next. For example, someone working through a Chapter 13...
What are the Chapter 13 qualifications?
If you are an individual with heavy debt who does not qualify for a consolidation loan, filing Chapter 13 bankruptcy may be a good choice for you. It works similarly to a consolidation loan in that you make only one payment a month. Your bankruptcy trustee then...
Reviewing the advantages of Chapter 13
Our law office knows that there are many options to choose from when it comes to filing for bankruptcy. Each approach is ideal in different situations, but in this blog, we will look at some of the advantages of Chapter 13. For starters, we know that some people are...
What to know about unsecured debt
There are three kinds of debt involved in Chapter 13 bankruptcy: priority debt, secured debt, and unsecured debt. While you should expect to pay your priority debts and secured debts, unsecured debt is a different story. Depending on your ability to pay, you may be...
