Chapter 13 Bankruptcy

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Chapter 13 Bankruptcy and Student Loans

Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. In America alone, the average student loan debt in 2021 comes to around $1.7 trillion. It’s [...]

Getting Approved for a Loan After Bankruptcy

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. This is not true. There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. [...]

Filing Bankruptcy Without Your Spouse: What Happens to Debts & Property?

If you’re married and considering bankruptcy in Indiana, you’re probably wondering whether you can file alone and how this could impact your spouse. This is one of the most common questions for bankruptcy attorneys. Yes, you can file bankruptcy without your spouse. But there are some important things you should know because bankruptcy can affect [...]

How Long Does a Bankruptcy Stay on Your Credit Report?

If you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy, or if you have already filed, you may be concerned about how long the bankruptcy will stay on your credit report. There is a simple answer to this: It will stay on for ten years if you filed Chapter 7 bankruptcy and [...]

What You Need to Know About Medical Bankruptcy

As medical costs continue to soar in the U.S., up to 62% of bankruptcies now include significant medical debt. A health event like an accident, disease, or surgery can bury someone in a mountain of medical bills. Many people are turning to medical bankruptcy, which is a bankruptcy that wipes out all bills related to [...]

How are Medical Bills Treated in Chapter 13 Bankruptcy?

Anyone on social media is bound to have seen numerous posts or crowdfunding pleas from friends or friends of friends who are faced with insurmountable medical debts. In fact, 8 million people have started a campaign for themselves or for a family member, and 12 million people have started a campaign for a friend or [...]

Do You Have to Get Debt Counseling Before Bankruptcy?

Filing for bankruptcy is a process. As part of that process, the bankruptcy law requires that you get a certificate that evidences you did a pre-filing counseling session with an approved agency. Debt counseling (also called credit counseling) is required before you can declare bankruptcy. There is a pre-filing counseling and pre-discharge counseling. What is [...]

Can You Sell Your Home if You File for Bankruptcy in Indiana?

What you will learn from reading this article: Facts about selling your home while going through bankruptcy Details about Chapter 7 and Chapter 13 Bankruptcies and your house If you are struggling to pay your mortgage and other bills, the good news is that the CARES Act (Coronavirus Relief and Economic Security) has extended the [...]

Why People Resist Bankruptcy

Bankruptcy is a smart, legal, and effective way to wipe out a mountain of old debts. Yet, it still has a stigma that makes many people avoid it. There are many reasons why people resist bankruptcy, but some are based on fiction rather than facts. Maybe you’re avoiding bankruptcy merely because of a mistaken impression [...]

I’m Self Employed: What Are My Bankruptcy Options?

Nobody wants to be in a situation where they have to file for bankruptcy, but for the self-employed, it can be a doubly crushing blow. You have worked hard to create your own source of income, but circumstances have made it impossible for you to pay your debts. You may even have doubts about whether [...]

By |2021-03-31T09:29:15-04:00March 30th, 2021|Bankruptcy Law, Chapter 13 Bankruptcy|0 Comments