Bankruptcy relief under Chapter 7 bankruptcy seeks to provide a debtor with a fresh start. Success, however, requires compliance with two separate aspects of the law: the substantive provisions and the procedural, or timeliness, requirements. After the initial steps...
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Not all debts are forgiven in a Chapter 7 bankruptcy
If your debt is overwhelming and you are considering filing for bankruptcy, you should know you are not alone. Chapter 7 bankruptcy is the most common form of bankruptcy, with over 10,000 Chapter 7 bankruptcy cases filed in Indiana in 2021, according to the American...
Excessive holiday spending can cause credit card woes
Whether you braved the crowds on Black Friday or shopped from the comfort of your home on Cyber Monday, it is likely that you spent your fair share of money on holiday gifts and used a credit card to purchase these items. The problem with excessive holiday spending...
How do you know when it’s time to file a Chapter 7 bankruptcy?
An unexpected event in your life can destroy you financially. The loss of a job, a serious injury or illness or a breakup can leave you unable to pay your bills. You may start to rely on credit cards, and suddenly find yourself overwhelmed by debt you know you will...
The Chapter 7 ‘means test’
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...
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...
Attempting to get your finances in order in the new year
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...
What is the meeting of creditors?
The only time most people who file bankruptcy will have to be in court is for the meeting of creditors. This meeting, also known as the 341 meeting, often will not even take place in a courtroom, and it does not involve a judge. According to the U.S. Courts, the...
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...
Are you eligible for Chapter 7 bankruptcy relief?
The loss of a job, unexpected illness and any other number of factors may contribute to you falling behind on your financial obligations. If faced with overwhelming debt, you may consider debt relief options such as filing for Chapter 7 bankruptcy relief. To qualify...


