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Can Bankruptcy Help Me With My Tax Debt?

If you’re thinking of filing for bankruptcy and you live in Indiana, you may be wondering whether it could eliminate your tax debt. Hoosiers can sometimes get their tax debt discharged during an Indiana bankruptcy. However, you may have received conflicting advice about whether or not it’s possible to make this happen. So let’s settle [...]

By |2020-02-06T13:15:49-05:00September 25th, 2019|Bankruptcy Law, Debt Relief|0 Comments

What Are The Top Reasons For Bankruptcy Filings?

Bankruptcy isn’t something most people expect to deal with in their lives. However, about 770,000 people in the U.S. file for bankruptcy every year. The reasons range from unexpected problems from health issues to excessive spending, but the result is a huge pile of debt that’s almost impossible to surmount without the help of bankruptcy. [...]

What Are The Consequences of Long-Term Debt?

Do you know any debt that lasts more than one year is considered long-term debt? This includes any loan that involves making periodic payments for more than 12 months or any debt that can’t be paid off in full within one year. Most people have at least some type of long-term debt like a mortgage, [...]

By |2020-02-06T13:23:29-05:00August 14th, 2019|Bankruptcy Basics, Bankruptcy Law, Debt Relief|0 Comments

What Are Good Ways to Pay Bills on Time?

Almost half of all Millennials and Generation Xers are 90 days behind on at least one of their bills. Americans under age 50 are much more likely than their predecessors to struggle to pay for basic living expenses like rent, utilities and groceries. There’s a mix of reasons behind this phenomenon, including heavy student loan [...]

By |2020-02-06T13:20:02-05:00July 26th, 2019|Bankruptcy Basics, Bankruptcy Law, Debt Relief|0 Comments

[Video] Can I File for Bankruptcy If I’m Involved in a Lawsuit?

  Has a creditor filed lawsuit against you? It’s a common misconception that a lawsuits or judgments are not discharged in bankruptcy. This isn’t the case. In fact, bankruptcy can be an effective way to deal with debt even when a judgment or pending action is looming against you. Look at filing for bankruptcy when [...]

[Video] What is Life Like After Filing for a Chapter 7 or 13 Bankruptcy?

  Before you file for Chapter 7 or 13 bankruptcy, you may begin to wonder what your life will be like after your bankruptcy plan takes effect. What’s your financial outlook? Will you have enough money to cover your basic living expenses? How will the bankruptcy affect your credit score? Will you ever be able [...]

By |2020-02-06T13:31:24-05:00June 12th, 2019|Bankruptcy Basics, Bankruptcy Law, Debt Relief|0 Comments

What is The Homestead Exemption in Bankruptcy?

Do you have equity in your home? If so, it’s an asset that can be protected, to a degree, during bankruptcy. When you file for  Chapter 7 or Chapter 13 bankruptcy, the homestead exemption can help you safeguard your property and preserve your well-being. The homestead exemption differs by state, and there is also a [...]

By |2018-10-02T15:37:01-04:00October 2nd, 2018|Bankruptcy Basics, Bankruptcy Law, Debt Relief|0 Comments

What Can Bankruptcy Do and Not Do?

If you’re considering filing for Chapter 7 or Chapter 13 bankruptcy, it’s important to understand which financial issues bankruptcy will - and won’t - be able to address. Bankruptcy can take a weight off your shoulders and offer temporary or permanent relief from debt. However, it is not a cure-all. Some types of debt can’t [...]

By |2018-09-27T14:50:18-04:00September 18th, 2018|Bankruptcy Basics, Bankruptcy Law, Debt Relief|0 Comments

How do I Clean Up Credit Report Errors After My Bankruptcy is Over?

Going through bankruptcy to clear yourself of debt takes time. Once you receive your bankruptcy discharge, you understandably are ready to get your life back on track. Rebuilding your credit is a crucial part of your recovery. If creditors are still listing discharged debts as past due after your discharge date on your credit report, [...]

By |2020-02-26T15:58:18-05:00July 5th, 2017|Bankruptcy Basics, Debt Relief|0 Comments

How Can Bankruptcy Affect Your Emotional Side?

Even after realizing that bankruptcy is the best way to get out from under debt, it can still take an emotional toll on you. For many, the perceived shame and stigma of bankruptcy leaves them questioning their self-worth. However, a lot of my clients approach me after their bankruptcy is over and tell me that [...]

By |2020-02-13T10:32:31-05:00June 30th, 2017|Debt Relief|0 Comments