Hard times can fall on just about anyone. Whether it is a job loss, a medical scare or any other reason, it sometimes happens that you find yourself in a position where you can no longer pay your bills. If this goes on long enough, you may find yourself facing...
Helping People Get A Fresh Financial Start to Regain Financial Independence
Helping People Get A Fresh Financial Start to Regain Financial Independence
What are Chapter 7 bankruptcy exemptions?
Chapter 7 bankruptcy exemptions provide important protections for bankruptcy filers. For those concerned about life after a Chapter 7 bankruptcy filing, Chapter 7 bankruptcy exemptions may be able to provide some assurance as filers emerge from the bankruptcy process...
Debt collectors have new and worrisome avenues to contact debtors
Facing burdensome debt can happen to anyone in Indiana. There are a range of reasons as to why this might happen. Perhaps a person suffered an unexpected decline in income or job loss. There could have been a medical concern that required hospitalization and extended...
Make smart choices when you file for bankruptcy
In 2010, basketball superstar Antoine Walker declared Chapter 7 bankruptcy. This came as a surprise as only two years earlier he reportedly had a fortune worth $108 million. The basketball star has since emerged from bankruptcy and has learned some healthy financial...
What income counts toward the Chapter 7 bankruptcy means test?
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...
Ex-NFL player, Indiana businessman files for Chapter 7 bankruptcy
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...
How the automatic stay can protect bankruptcy filers
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...
Poll: Nearly half of Indiana respondents facing medical debt
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...
How credit card rewards are addressed in bankruptcy
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...
Classification of debt can alter what Chapter 7 can discharge
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....
