Living in Danville, Indiana
Danville is a small but growing town in Hendricks County, Indiana that has increased in population from about 6,400 people in the year 2000 to just over 9,000 today. Geographically, the city is located on an old transportation line that is now U.S. Route 36, which stretches from Indianapolis to Decatur, Illinois.
Danville is rated as an exceptional place to live due to its good housing, low cost of living, good public schools, nightlife, diversity, and low crime rate. It has excellent employment options both close to home and in nearby Indianapolis. There are numerous suburban neighborhoods and town streets that contribute to an all-American atmosphere in Danville.
The median household income here is $69,862, quite a bit higher than the Indiana average of $54,181. The average home value is also higher than the Indiana average of $141,100 at $176,524 for Danville. The average renter pays about $823 per month. Overall, the cost of living in Danville is only about 87% of what it costs to live in the rest of America, making it an affordable place to live.
About Bankruptcy in Danville, Indiana
Despite Danville’s affordability, anyone can easily go underwater on car payments or mortgage payments. Commuting costs can be high in Danville if you work in Indianapolis, which is a 20-mile drive each way and can easily create a 1-hour total daily commute with associated wear and tear on your car.
What would you do if you lived in Danville and lost your job? What if you were going through a costly divorce? What if you had an unexpected health crisis? The #1 cause of bankruptcy is medical debt. Other common causes include job loss, divorce, property damage, and crises that shake up your life and prevent you from paying your bills on time.
Here in Danville, you may need to file for bankruptcy to take control of your finances and get a fresh start. A bankruptcy attorney helps you understand your options and make choices that will most benefit you moving forward.
Chapter 7 bankruptcy is the most popular choice in the U.S. because it quickly liquidates all of your non-exempt property and is usually finalized quickly within a period of 3 to 6 months. If you qualify, this might be the right choice if you need to move quickly.
Chapter 13 requires a longer timeframe of 3 to 5 years, but it may allow you to maintain your good name with your creditors while keeping your Danville home. Homeowners and business owners often opt for Chapter 13, but your bankruptcy attorney can advise you on whether this is the right choice for your specific circumstances.
Nationwide and Local Bankruptcy Statistics
Over a 12-month period, the total number of new bankruptcy filings fell but they are expected to rise due to the COVID-19 crisis. Any change in the U.S. economy or healthcare situation could contribute to changes that raise the future level of bankruptcy filings.
U.S. Chapter 7 Filings
U.S. Chapter 13 Filings
Looking at the number of bankruptcy filings, Indiana’s number of Chapter 7 filings has dropped in recent years, while Chapter 13 filings have risen.
Indiana Chapter 7 Filings
Indiana Chapter 13 Filings
Hendricks county includes Danville, Avon, Plainfield, and Brownsburg.
Chapter 7 Filings
- 2015: 397
- 2016: 371
- 2017: 299
- 2018: 320
- 2019: 349
Chapter 13 Filings
- 2015: 170
- 2016: 172
- 2017: 150
- 2018: 193
- 2019: 195
Your Danville, Indiana Bankruptcy Courthouse Location
As a Danville resident, you must file for bankruptcy through the United States Bankruptcy Court for Hendricks County. Please use the information below.
Birch Bayh Federal Building and the United States Courthouse
116 US Courthouse
46 East Ohio Street
Indianapolis, IN 46204
Bartholomew, Boone, Brown, Clinton, Decatur, Delaware, Fayette, Fountain, Franklin, Hamilton, Hancock, Hendricks, Henry, Howard, Johnson, Madison, Marion, Monroe, Montgomery, Morgan, Randolph, Rush, Shelby, Tipton, Union, and Wayne.
Sawin & Shea – Danville, Indiana Bankruptcy Attorneys
Filing for bankruptcy is not the end. It’s the beginning of a new financial life for you. The Danville, 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.