Living in Fishers, Indiana
Just to the northeast Indianapolis, the city of Fishers, Indiana, has consistently been rated as a top place to live in the United States in recent years. It’s proximity to the larger city of Indianapolis and its wide variety of cultural opportunities makes Fishers an excellent place to live, work, and have a family.
Ranked as the 5th largest city in Indiana, in 2018 Fishers had a median household income of $105,102 with 3.1% of the population living in poverty.
78.4% of Fishers residents are homeowners, and of those, 89.7% are married. Renters account for 21.6% of Fishers residents, with 10.3% of renters being married couples.
Bankruptcy in America
A recent study found that medical issues have contributed significantly to two-thirds of individuals filing for bankruptcy in the United States. While America’s high healthcare costs have long given rise to financial troubles, recent uncertainty with the state of health insurance as well as the unprecedented COVID-19 pandemic only have made the situation more dire for many Americans.
Beyond healthcare costs, loss of income, expensive mortgages, foreclosure, student loans, divorce, and other factors such as living above one’s means or experiencing a birth or death in the family have contributed to the need for many Americans to turn to bankruptcy.
Recent data shows that personal bankruptcies peaked during the Great Recession in 2005, with over 2 million people filing for bankruptcy. Also in 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) took effect and limited the number of individuals who could qualify for Chapter 7 bankruptcy; despite this, Chapter 7 remains the most common filing.
To file for bankruptcy in Indiana, whether Chapter 7 or Chapter 13, you must provide detailed information about your financial situation, including property, income, expenses, bills and any additional transactions.
Overwhelmed? A qualified Indiana bankruptcy attorney can help you navigate the required forms and paperwork, ensuring a proper and successful filing process.
You’re Not Alone: Bankruptcy Statistics
Take a look at the number of bankruptcy filings for the past four years nationwide, and know that you are not alone in needing financial help.
Chapter 7 Filings
- 2019: 477,417
- 2018: 480,933
- 2017: 488,417
- 2016: 523,394
Chapter 13 Filings
- 2019: 288,039
- 2018: 290,566
- 2017: 298,348
- 2016: 302,193
Hamilton County, Indiana, which includes the towns of Fishers, Carmel, Noblesville, and Westfield, saw the following filings over the last five years:
Chapter 7 Filings
- 2019: 416
- 2018: 472
- 2017: 417
- 2016: 438
- 2015: 530
Chapter 13 Filings
- 2019: 252
- 2018: 273
- 2017: 227
- 2016: 276
- 2015: 277
The Southern District of Indiana has three federal courts for filing bankruptcy. The court serving Fishers and Hamilton County is the Birch Bayh Federal Building and United States Courthouse.
Birch Bayh Federal Building and United States Courthouse
116 U.S. Courthouse
46 East Ohio Street
Indianapolis, IN 46204
This court serves the following counties in addition to Hamilton:
Bartholomew, Boone, Brown, Clinton, Decatur, Delaware, Fayette, Fountain, Franklin, Hancock, Hendricks, Henry, Howard, Johnson, Madison, Marion, Monroe, Montgomery, Morgan, Randolph, Rush, Shelby, Tipton, Union and Wayne.
Sawin & Shea—Fishers, Indiana, Bankruptcy Attorneys
Filing for bankruptcy is not the end. It’s the beginning of a new financial life for you.
The Fishers 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.