Credit card debt can become difficult to manage when high interest rates make it harder to reduce balances. If families in New Albany have fallen behind on their bill payments, Chapter 7 bankruptcy may provide a way to address qualifying credit card debt and other...
Self-employed individuals, freelancers and small business owners in Indiana often wonder if they can use Chapter 13. The short answer is yes. Self-employed individuals can file Chapter 13 bankruptcy if they have regular income and want to reorganize qualifying debts...
Life can get harder more easily than one would think. A job loss, unexpected medical expenses or economic shift can derail even the best financial plans. If you have already filed for Chapter 7 bankruptcy, you might wonder whether you can seek the same relief again if...
Falling behind on mortgage payments can make you worry about losing your home. If a lender has started the foreclosure process, you may wonder whether bankruptcy can stop it.In Indiana, bankruptcy can often temporarily stop foreclosure, but the outcome depends on the...
The probate and estate administration process requires a thorough financial review. The personal representative overseeing estate administration assesses financial statements, reads incoming mail, communicates with interested parties and uses estate resources to pay...
In Indiana bankruptcy cases, inheritances are not automatically off-limits just because they come from family or arrive unexpectedly. The rules determine whether the money or property is treated as part of the assets available to pay creditors. What happens to an...
Chapter 7 bankruptcy is the fastest path to discharge available. However, not everyone actually qualifies for Chapter 7 bankruptcy. Some people have high enough income that they cannot pass the means test. For others, the inability to exempt all of their property...
Some people know they could benefit from filing for bankruptcy, but they are still hesitant to do so. One reason is that they blame themselves. They think they made financial mistakes that led to overwhelming debt, so they believe they need to find another solution...
When a person passes away with remaining debt, the duty of paying off that obligation falls on the estate executor. If the individual had an estate plan in place, they may have chosen this executor themselves. If not, one would be assigned during probate. The reason...
People who are facing mounting debts may decide that they need to file bankruptcy to regain control of their finances. Consumers typically file a Chapter 7 or a Chapter 13 bankruptcy, both of which end with a bankruptcy discharge when a case is successful. A...
