At some point over the years, you encountered a heavy financial burden in your business and you found yourself drowning in debt to the point where you now need to declare Chapter 13 bankruptcy. When you are in a situation where you have had to declare bankruptcy, many...
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Can a Chapter 13 bankruptcy help me with IRS debt?
An Indianapolis resident does not have to be dishonest or even careless to wind up in tax debt with the Internal Revenue Service. A simple mistake or even just some financial hardships that make it hard to pay a tax bill can mean an Indiana family will be dealing with...
Can Chapter 13 help me if I have multiple liens on my home?
For a variety of reasons, many Indianapolis residents can find themselves upside-down on their homes, meaning the home is worth less than the loans they have against it. Some may have multiple mortgages or other liens against their homes. In this situation, homeowners...
Chapter 13 bankruptcy and foreclosure
Most homeowners in Indiana have no intentions of missing mortgage payments. There are many unexpected events that occur in life though that drastically reduce people’s income. They could lose a job or suffer major injuries that prevent them from working. When people...
What is the Chapter 13 bankruptcy repayment plan?
Debt can be overwhelming. It can begin as a manageable necessity for an Indiana resident to acquire property or credit, and spiral into a burdensome financial obligation that the person cannot get ahead of. When debt becomes something that an individual cannot manage...
Chapter 13 may be a good option for some businesses
In the public realm, Indiana consumers think of a Chapter 13 bankruptcy as an alternative to the more common Chapter 7. Basically, it is for consumer debtors who, for whatever reason, want to offer a court-sanctioned repayment plan that will pay all or an approved...
Bankruptcy credit counseling
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...
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...