Tag Archives: Indiana Bankruptcy Lawyers
Two Things That May Matter Most In An Indiana Grey Bankruptcy
Since the 2005 Bankruptcy Abuse Prevention And Consumer Protection Act, the overall bankruptcy filing rate has dropped steadily. But the over-65 filing rate increased more than 200 percent between 1991 and 2016. Most seniors have no pensions and enormous medical bills. That income/expense discrepancy is a classic trigger for bankruptcy filings. Long-term employment with… Read More »
Does An Indiana Bankruptcy End Student Loan Payments?
So far, the education debt crisis has triggered lots of talk and lots of editorials but almost no action. Yet recent evidence suggests that the crisis may be even worse that observers first believed. It appears that the Obama administration inflated repayment rates. Furthermore, a recent study details the long-term effects of massive education… Read More »
Hanging Onto Your Car After You File An Indiana Bankruptcy
Many auto loan companies are somewhat patient with regard to late payments. But it is best not to depend on the kindness of strangers. Legally, the lender can repossess your vehicle after just one missed payment, in most cases. In a place like Indiana, such a sudden loss is highly disruptive to say nothing… Read More »
Exemption Strategies In An Indiana Bankruptcy
The Bankruptcy Code allows honest yet unfortunate debtors to obtain fresh starts free of crippling debt. So, debt discharge is only part of the equation. If bankruptcy debtors lose most of their assets, they go back behind the starting line. That’s not the intention of the Code. So, Indiana recognizes a number of bankruptcy… Read More »
Which Type Of Indiana Bankruptcy Is Best?
Most Hoosiers live hand to mouth. According to a May 2018 report, about 40 percent of Americans cannot pay a $400 emergency expense. So, when the financial storms of life hit, many people are hard-pressed to deal with them. These storms include rather common events, such as divorce, job loss, and serious illness. These… Read More »
To The Rescue: The Automatic Stay In Indiana
Financial stress is a significant problem for many area families. About a quarter of Americans experience such severe financial stress that they experience PTSD-like symptoms. That obviously has a significant effect on their home and work lives. This problem may soon get worse. The Supreme Court recently diluted some key provisions in the Fair… Read More »
Getting The Most Out Of An Indiana Bankruptcy
Bankruptcy is a golden opportunity for many distressed debtors in Illinois and Indiana. Although it’s impossible to turn back the clock to a time before debt became a problem, both Chapter 7 and Chapter 13 do the next best thing. They stop foreclosure and other kinds of adverse action, end the obligation to repay… Read More »
Five Exempt Assets In An Illinois Bankruptcy
Even in so-called “liquidation” bankruptcies, debtors get to keep nearly all their assets, because they are immune from creditor seizure under the generous exemption laws in both Illinois and Indiana. That being said, bankruptcy only erases underlying debts, and it does not extinguish either voluntary or involuntary liens. So, if property is secured, debtors… Read More »
