Living in Crawfordsville, Indiana
Crawfordsville, Indiana is a city in west-central Indiana 49 miles west of Indianapolis. With a population of 16,000 as of the 2010 United States census, it is the only chartered city and the largest populated place in Montgomery County.
In 1813, early settlers passing through the area noted that the site of present-day Crawfordsville was ideal for settlement. Surrounded by deciduous forests and in close proximity to the later-named Sugar Creek, the city was laid out by Ambrose Whitlock ten years later in 1823. The city was named in honor of William H. Crawford, a native Virginian who served as Secretary of Treasury under presidents Madison and Monroe.
In November of 1832, Wabash College was founded, which is still operational today, and was even ranked 12th on the Forbes list of the best schools for undergraduate studies in 2008.
As the city continued to grow over the 19th century, the state of Indiana officially granted its charters in 1865 upon which it gained its city status.
The unemployment rate in Crawfordsville is below the national average at 3%, and the median income for an individual is $16,588. The median household income of a Crawfordsville resident is $33,085.
About Bankruptcy in Crawfordsville, Indiana
No matter the common belief, bankruptcy can impact even the most financially secure individuals. Across the United States, medical debt is cited as the number one reason people file for bankruptcy, but there are many other situations that can lead families to file. Unexpected life events such as job loss or divorce can always happen and unfortunately, you cannot predict when emergencies will occur, so it’s important to remember that bankruptcy is not the end of the line.
America has created a social stigma surrounding bankruptcy, often leading people to believe that once you file, you will never be able to get back on your feet. The truth is filing for bankruptcy can help you take control of your finances during a time when you are suffocating underneath overwhelming debt. Debt can happen to anyone, so always remember that filing for bankruptcy is a reasonable choice if you are in this financial situation.
The most common type of bankruptcy that residents in the United States choose is Chapter 7 bankruptcy. When you file for bankruptcy under Chapter 7, your nonexempt property is liquidated in exchange for a discharge on most types of debt. Most Chapter 7 cases are what we call “no-asset” cases. That means that most people keep everything that they have through the process. Chapter 7 cases are generally finalized quickly, usually in a period of 3-6 months. If you need a speedy fresh start, this may be the best option for you.
The other type of bankruptcy you may consider is Chapter 13. This type of filing is a reorganization plan under the Court’s protection over 3-5 years. Chapter 13 can help you if you are not eligible for a Chapter 7 for some reason. Further, a Chapter 13 can help you catch up on and keep things like houses or cars if you have fallen behind on payments. It can help you keep your home and other valuable belongings if they would be at risk for liquidation in a Chapter 7. It is for this reason that Chapter 13 bankruptcy is a popular choice for homeowners and business owners.
Southern District of Indiana Chapter 7 Filing
- 2017: 8,814
- 2018: 8,,673
- 2019: 8518
- 2020: 6,930
- 2021: 5,666
Southern District of Indiana Chapter 13 Filing
- 2017: 4,673
- 2018: 5,064
- 2019: 5,302
- 2020: 3,202
- 2021: 2,854
Montgomery County Chapter 7 Filing
- 2017: 75
- 2018: 54
- 2019: 89
- 2020: 59
- 2021: 55
Montgomery County Chapter 13 Filing
- 2017: 12
- 2018: 9
- 2019: 21
- 2020: 13
- 2021: 7
Sawin & Shea – Crawfordsville, Indiana Bankruptcy Attorneys
Filing for bankruptcy is not the end. It’s the beginning of a new financial life for you. The Crawfordsville, 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.