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Should I File for Bankruptcy Before or After the Holidays?

It’s that time of year again—the holidays will be here before you know it. Though this time is joyous for many, the financial pressure of buying gifts, hosting holiday meals, and spreading cheer can make the holidays stressful for those struggling to make ends meet. If you are struggling financially and feel bankruptcy is the … Read More

Am I Too Old to File for Bankruptcy?

Bankruptcy is often a valuable tool for overcoming debts, but it’s not for everyone. The number of individuals filing for bankruptcy has decreased in the last 20 years, but the number of older individuals declaring bankruptcy has increased. One in seven people filing for bankruptcy is older than 65. Many people wonder if they’re too … Read More

do women file for bankruptcy more than men

Are Women More Likely to File for Bankruptcy Than Men?

Each year, about one out of every 55 U.S. households will include someone filing for bankruptcy. Within those households, women are more likely to file for bankruptcy than men, but only slightly so. According to the debt education organization Debt.org, about 48% of bankruptcy filers are men and 52% are women. The reasons vary. Read … Read More

truths and myths of bankruptcy

What are the Truths and the Myths of Bankruptcy?

Almost 500,000 Americans file for bankruptcy every year and 95.5% of bankruptcies are discharged, meaning the person is no longer legally required to pay back most of their debts. Despite how common and effective bankruptcy is, there are still some persistent myths about bankruptcy that are hard to dispel. Let’s take a look at the … Read More

bankruptcy attorneys

What are the Advantages and Disadvantages of Filing for Bankruptcy Under Chapter 13?

Do you know Indiana is among the nation’s top states for personal bankruptcy filings? That means if you’re living in the Hoosier state and feeling overloaded with bills every month, you’re definitely not alone. Thousands of people file for bankruptcy every year and about 32% are Chapter 13 bankruptcies. However, Chapter 13 may or may … Read More

millenials filing bankruptcy

Why Are More Millennials Facing Bankruptcy?

The name millennials refers to a generation of people born between 1981 and 1996. Now in their 20’s and 30’s, they are building up an enormous amount of debt as they reach young adulthood. Experts estimate $1 trillion of all debt in the United States is now held by millennials, which is an increase of … Read More

irs audits

Could I Get Audited by the IRS Because I Filed for Bankruptcy?

It is difficult to predict exactly when or if the Internal Revenue Service of the United States might audit you, which could subject you to a rigorous financial examination. At Sawin & Shea, we sometimes encounter people who are filing for bankruptcy and worry whether doing so will trigger an IRS audit. So, let’s look … Read More

inheritance tax

If I Declare Bankruptcy, Will I Lose My Inheritance?

Bankruptcy courts are courts of equity. This means that the courts are trying to balance a Debtor receiving a discharge with trying to gather some funds for creditors to share. Timing is everything when it comes to keeping an inheritance while filing for bankruptcy. If you’re due to receive an inheritance – or if you … Read More

Can Bankruptcy Affect My Application For A U.S. Passport?

  Are you planning to travel internationally? If your travel will coincide with your bankruptcy, could this cause a conflict and prevent you from obtaining or renewing a U.S. passport? Could you be prevented from traveling internationally because of your debt? Here’s a look at what could happen if you need a passport during bankruptcy. … Read More

rebuilding after bankruptcy

If I File For Bankruptcy, What Happens To My Credit Rating?

At Sawin & Shea, our clients are often concerned about having low credit scores. They wonder if bankruptcy will make the situation worse. On the contrary, bankruptcy can actually improve your credit and get you back on your feet financially. Here’s how an Indiana bankruptcy can help re-establish your credit. Will Bankruptcy Ruin My Credit … Read More

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$0 Down Attorney Fees

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.