Living in Anderson, Indiana
The county seat of Madison County, Indiana is the city of Anderson. It has a population of about 56,000 people and has a mix of a rural, suburban, and small-town atmosphere. Downtown Anderson includes many historic buildings like the Paramount Theatre and the Gruenewald Historic House, plus shopping and dining options.
Anderson is a very affordable place to live, with housing costs that are significantly less expensive than the national average. Although job salaries in Anderson tend to be lower than average, Indianapolis is a 30-minute drive down Interstate 69 and offers a wide variety of job options.
Economically, Anderson has seen its share of ups and downs in the past few decades. The city’s population has dropped by almost 15,000 people since the 1970s and several major manufacturing employers have left the area.
About Bankruptcy in Anderson, Indiana
Across the nation, two-thirds of bankruptcy filers cite medical debt as their primary reason for opting for bankruptcy and Anderson is no exception. People in Anderson skew slightly older than the median age of all Americans and may have more age-related medical problems and medical debt than others.
There are also many other reasons to opt for bankruptcy, including unexpected job loss, divorce, catastrophic property damage, and life emergencies that drain your resources and harm your credit. If you live in Anderson and have suffered life circumstances like these, bankruptcy may be a route to re-establishing your credit and erasing a mountain of debt.
Chapter 7 bankruptcy is the most popular choice because it quickly liquidates all nonexempt property and is usually finalized within 3 to 6 months. Chapter 13 is also a common choice because although it takes 3 to 5 years, it often allows people to keep their homes and more of their property while completing a payment plan with creditors.
Nationwide and Local Bankruptcy Statistics
NATIONWIDE
Across the U.S., the total number of bankruptcy filings fell slightly for the 12-month period ending in March 2020. However, the number of filings is anticipated to rise again due to the lasting impact of COVID-19 on employment and the economy.
Chapter 7 Filings
2016: 523,394
2017: 488,417
2018: 480,933
2019: 477,417
Chapter 13 Filings
2016: 302,193
2017: 298,348
2018: 290,566
2019: 288,039
FOR INDIANA
The number of bankruptcy cases in the Anderson district of the US Bankruptcy Court, which is the Southern District of Indiana, has dropped somewhat since 2015. In 2019, there were 14,239 cases filed and in 2015 there were 15,778.
Southern District of Indiana
Chapter 7 Filings
2015: 7885
2016: 7168
2017: 6947
2018: 6853
2019: 6632
Chapter 13 Filings
2015: 3043
2016: 3015
2017: 2857
2018: 3030
2019: 3105
Madison County, Including the City of Anderson
Chapter 7 Filings
- 2015: 593
- 2016: 454
- 2017: 442
- 2018: 365
- 2019: 368
Chapter 13 Filings
- 2015: 133
- 2016: 113
- 2017: 116
- 2018: 102
- 2019: 107
Your Anderson, Indiana Courthouse Location
In order to file for bankruptcy, each filer must visit the proper courthouse and bring the proper paperwork. For Anderson Indiana, you will need to file paperwork with the United States Bankruptcy Court using the information below.
Birch Bayh Federal Building and the United States Courthouse
116 US Courthouse
46 East Ohio Street
Indianapolis, IN 46204
Counties Served:
Bartholomew, Boone, Brown, Clinton, Decatur, Delaware, Fayette, Fountain, Franklin, Hamilton, Hancock, Hendricks, Henry, Howard, Johnson, Madison, Marion, Monroe, Montgomery, Morgan, Randolph, Rush, Shelby, Tipton, Union, and Wayne.
Sawin & Shea – Anderson, Indiana Bankruptcy Attorneys
Filing for bankruptcy is not the end. It’s the beginning of a new financial life for you. The Anderson, Indiana bankruptcy attorneys at Sawin & Shea can help you get rid of the overwhelming debt and advise you on life after bankruptcy. We are here for you during this life-changing process. Please do not hesitate to call us today at 317-759-1483 or send an email for a free consultation. We are ready to help.
