Falling behind on car payments can put your vehicle at risk of repossession. For many people in New Albany, losing a car can also make it harder to get to work, take children to school or handle daily needs. Bankruptcy may provide a way to pause collection efforts,...
Can bankruptcy stop foreclosure in Indiana?
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...
Will an inheritance become part of the bankruptcy process?
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...
Bankruptcy often is not your own fault
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...
What types of debts aren’t dischargeable in bankruptcy?
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...
What is the difference between personal and business bankruptcy?
Facing financial difficulties can be stressful, whether it’s in your personal life or through a business. As such, many people may wonder, “Is personal bankruptcy and business bankruptcy the same?” While both aim to handle debts, they operate differently and follow...
Can I file Chapter 7? The Indiana means test explained
When you are overwhelmed by credit card debt, Chapter 7 bankruptcy can represent the fresh start you need. It is a powerful tool designed to eliminate or discharge eligible unsecured debts, such as credit card balances and medical bills. However, many people in...
Are you paying debts you don’t owe?
If you’re considering bankruptcy, you’re probably facing overwhelming debt. With all the calls and collection notices, you may have lost track of how much you owe and to whom. You’re just trying to stay above water and pay the bills that will keep the electricity on...
Signs that it may be time to file for bankruptcy
Life isn’t fair sometimes. It seems like everything comes at you at once, and you can’t get a break. Overwhelming debt can make you feel like that. It doesn’t matter how you got here - medical expenses, job loss or overspending - but you need a way out. How do you...
Can filing for bankruptcy help clear a foreclosure?
Falling behind on mortgage payments can be financially and emotionally overwhelming, especially when you start receiving foreclosure notices. For many families, the fear of losing a home is one of the hardest financial challenges to face. While lenders may offer...
