The 2011 bankruptcy and foreclosure statistics show a 12% reduction in personal bankruptcies and a 34% reduction in foreclosures. Of these bankruptcies, close to 70% of the filings were Chapter 7 bankruptcies, which discharges debt and allows the debtor to avoid repayment. The other third involved Chapter 13 bankruptcies, which allow the debtor to force … Read More
We meet with many people weekly that are having trouble making their house payment. In some cases a big part of their financial hardships are caused by having to pay on a second mortgage or a home equity line of credit (HELOC). One of our main goals in representing clients is to help them retain … Read More
One of the most common questions we are asked in our bankruptcy practice is about how filing will affect credit. The truth is in the vast majority cases bankruptcy filing improves a person’s credit. The filing stops ongoing negative reporting for old delinquent debts and provides a starting point to help you start to re-establish … Read More
The good news is that under both Indiana law and federal bankruptcy law most types of retirement accounts are given broad protection from creditors and seizure in bankruptcy. This means that you are able to keep your ERISA qualified retirement plan, pre-tax plans such as your IRA, 401(k), and 403(b), and Roth IRA through the … Read More
Have you been thinking about Bankruptcy? One of the last places that people want to be is sitting across from me while we discuss options for their financial future. Many times some common misconceptions or fear about the bankruptcy process increase this anxiety, or worse, keep them from coming in to explore their legal … Read More
Often, the first question a new client has for me is regarding what types of debts can be discharged or eliminated in a bankruptcy. Many times this question arises because they heard things like “medical bills can’t be discharged” from a friend, family member, or at work. Medical bills most definitely can and will be … Read More
One of the most common concerns I hear from the clients in my practice is what happens after your bankruptcy is over and your debts are discharged. Whether filing Chapter 7 (liquidation of all assets with request to be discharged from financial obligations) or Chapter 13 (reorganization of debt), there are a few points to … Read More
A cosigned debt is a debt where one or more person guarantees that that the primary borrower will pay the debt. Legally, a cosigner or co-debtor is equally responsible on the debt. If the primary borrower does not pay the debt, the creditor or lender can pursue the cosigner for the debt. Late or missed … Read More
The circumstances that cause a person to need to file bankruptcy can, unfortunately, occur more than one time in a person’s life. This is the reason that there are no set limits on how many times a person (or married couple) can file for bankruptcy. There are some time limits to consider, however, that determine … Read More
I receive several calls a week from people that are shocked to discover that a big chunk of their paycheck is gone due to a wage garnishment. The good news is that I can generally help them stop the garnishment with either a Chapter 7 or a Chapter 13 bankruptcy. The bad news is that … Read More
Attorney Advertising. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.
No upfront attorney fees in qualifying cases. Pay only court filing fee, credit reporting fee, and pre-bankruptcy credit counseling session fee to get a case on file to stop garnishments, repossessions, and certain court actions. Restrictions may apply. Please call to discuss your situation and learn how we can help.
