On behalf of Lynch & Belch, P.C. | Nov 8, 2019 | Chapter 7 Bankruptcy
Unlike most states, Indiana does not follow federal bankruptcy exemptions. Instead, everyone must follow their state exemptions. Couples filing together may even receive a bonus on their exemption amounts. NOLO provides a detailed list of the state’s bankruptcy...
On behalf of Lynch & Belch, P.C. | Nov 5, 2019 | Chapter 7 Bankruptcy
Filing for bankruptcy should only be used as a last resort, your friends may have told you. Your credit will be ruined and you might never recover, you may have also heard. While this advice may be well-intentioned, it is not necessarily true. There are many...
On behalf of Lynch & Belch, P.C. | Jul 9, 2019 | Chapter 7 Bankruptcy, Firm News
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...
On behalf of Lynch & Belch, P.C. | Jun 9, 2019 | Chapter 7 Bankruptcy, Firm News
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...
On behalf of Lynch & Belch, P.C. | May 30, 2019 | Chapter 7 Bankruptcy, Firm News
Indianapolis residents who have unsecured debts that they cannot pay often look to Chapter 7 bankruptcy as a way to gain a financial fresh start. Although it may seem as if virtually anyone can file for a Chapter 7 bankruptcy, that’s not the case. There are some...
On behalf of Lynch & Belch, P.C. | Apr 15, 2019 | Chapter 7 Bankruptcy, Firm News
Student loan debt has been notoriously difficult to discharge in bankruptcy. They typically have to show that repaying it would cause them “undue hardship.” However, a report just released by the American Bankruptcy Institute’s (ABI) Commission on...
On behalf of Lynch & Belch, P.C. | Apr 5, 2019 | Chapter 7 Bankruptcy, Firm News
As Tax Day nears, it seems like a good time to look at whether tax debts can be discharged if you file for bankruptcy. It’s possible to discharge it if you file for Chapter 7 bankruptcy, but a number of criteria need to be met. The debt must be associated with a...
On behalf of Lynch & Belch, P.C. | Apr 4, 2019 | Chapter 7 Bankruptcy, Firm News
Credit card debt is a national problem. The Federal Reserve reports that the total U.S. credit card debt reached more than $1 trillion in 2018. A snowballing credit card bill can quickly overwhelm you. It can seem like you will never get out from underneath it....
