The means test is an important assessment that a bankruptcy court will make to ensure a person is eligible for protections under Chapter 7 bankruptcy. It involves comparing the filer’s income to the median income of the state where they live. If an Indianapolis...

Financial challenges can impact anyone in Indiana. Whether it is medical expenses, credit card debt or business problems that have extended to personal finances, it is important to understand that there are legal strategies that while bankruptcy might not be viewed as...

The automatic stay is an important bankruptcy tool that provides protection for bankruptcy filers throughout the bankruptcy process. Struggling consumers considering filing for bankruptcy protection should understand how Chapter 7 bankruptcy works and the protections...

Debt is a problem for many Indiana residents. That can stem from many sources. Researchers and consumer advocates seek information about these overwhelming debts to try and help people find viable solutions. One recent policy brief from the Indiana Institute for...

For many people, credit cards have benefits. They are convenient to use, accepted in a wide variety of stores in the U.S., and some people use them to earn points or other credit card rewards, which can be significant. If the credit card is not paid in full each...

Chapter 7 is an important form of personal bankruptcy. It permits individuals to discharge some of their debts through the process of liquidation. Whether a debt can be discharged through Chapter 7 bankruptcy can depend on its classification as secured or unsecured....

One fear Indianapolis residents might have about filing for bankruptcy is that they will have to turn over all of their property for sale so that they can pay their debts. While it is possible that someone who files for Chapter 7 bankruptcy may have to surrender some...

Deciding whether to file for bankruptcy in Indiana is not an easy choice to make. Before you make your decision, you should know that there are two types of bankruptcy available to individuals: Chapter 7 and Chapter 13. Each type has its own pros and cons, but...

As a new year is well underway, many people in Indiana have resolved to get their finances in order this year. That is a laudable goal indeed, and a recent news article pointed to a few tips that might be useful for those who are making financial moves. Financial tips...

Personal bankruptcy options provide a number of different protections to filing parties. One of those protections is the automatic stay that immediately goes into effect once the filing party files for bankruptcy protection. The protections offered by the automatic...