Tag Archives: Indiana Bankruptcy
How An Indiana Bankruptcy Can Save Your House
After a brief down period, home foreclosure rates are rising again. Even worse, Indianapolis is basically at the center of one of the largest foreclosure hot spots in the country. Legally, most lenders can begin pre-foreclosure proceedings after just one missed payment. Once this process begins, most banks immediately stop taking partial payments. So,… Read More »
Maximizing Exemptions In An Indiana Bankruptcy
Many people believe that a consumer bankruptcy, like a Chapter 7 or Chapter 13, is a lot like a bankruptcy in the Monopoly board game. No matter how well you drive your racecar during the game, just one bad decision or unlucky roll of the dice can force the player into bankruptcy. The player… Read More »
Protecting Your House In An Indiana Bankruptcy
In many situations, the family home is a debtor’s largest financial asset. The house usually has an emotional value to the family that far eclipses the substantial financial value. So, protecting your family home is the number one priority of most Chapter 13 attorneys. There are a number of ways to accomplish this task,… Read More »
What Happens In An Indiana Bankruptcy?
Most distressed debtors can choose between Chapter 7 and Chapter 13 bankruptcy. They both begin the same way, by filing a petition and schedules. In emergency situations when time is short, it’s often possible to just file a petition and a few supporting documents. Once the creditors receive notice of the filing, the automatic… Read More »
How Does An Indiana Bankruptcy Affect Government Loans?
Many families in Illinois have at least one government business, housing, or education loan. For the most part, these programs are designed to give individuals who otherwise lack the funds to own a house, go to college, or start a business the financial means to pursue these goals. Unfortunately, often for reasons that are… Read More »
Handling Tax Debt In An Indiana Bankruptcy
Full or part-time freelancers currently constitute over a third of the U.S. workforce. Keeping up with income taxes is sometimes a problem for these individuals, especially given the changing nature of the law and the uncertain responsibilities of quarterly tax payments. Many times, people fall a little behind for various reasons, the problem snowballs,… Read More »
Protecting Cash In An Indiana Or Illinois Bankruptcy
Fear of asset loss is one of the most frequently cited reasons when delaying a necessary bankruptcy filing, and in most cases, this fear is almost completely unfounded. Even in Chapter 7 liquidation bankruptcies, most consumer assets are legally exempt from creditor seizure. The purpose of the Bankruptcy Code is to give the debtor… Read More »
