Indianapolis Bankruptcy News

February 26, 2019

  • May 18, 2020

    COVID-19 Rent and Mortgage Payments

    During the COVID-19 pandemic, rent and mortgage payments immediately began to go into default.   Job loss and other interruptions pushed default rates to new levels.    These housing defaults will play out in a way that may cause record amounts of bankruptcy within the next year. Rent and Mortgage Payments Will Not Be Forgiven A growing […]

    Read More

  • May 12, 2020

    COVID-19 Indianapolis Bankruptcy

    COVID-19 PREDICTED TO CAUSE NEW WAVE OF INDIANAPOLIS BANKRUPTCY COVID-19 is predicted to cause a new wave of Indianapolis bankruptcy cases.  Consumer debt loads were already reaching record highs.   Indianapolis, now facing COVID-19 job interruptions, will likely see large defaults in debt repayment.   A new wave of bankruptcy will likely follow. CONSUMER DEBT RECORDS MEET […]

    Read More

  • February 19, 2020

    Credit Score Changes Decrease Bankruptcy

    Major changes are coming to how credit scores will be calculated.  These credit score changes will likely make it more difficult for many people to obtain new credit.  This, in turn, will likely decrease the total amount of bankruptcy filings to some degree. People who historically have turned to bankruptcy may have a lower credit […]

    Read More

  • December 27, 2019

    Celadon Bankruptcy

    Celadon Bankruptcy: Worst-Case Chapter 11 Scenario The Celadon bankruptcy was close to a worst-case scenario for Chapter 11.  Things can always be worse of course, but this situation has most of the general “worst-case” aspects that a company can face in Chapter 11. Chapter 11 Celadon Worst Case Scenario: No Reorganization Chapter 11’s most appealing […]

    Read More

  • December 26, 2019

    Celadon Bankruptcy Filed in Delaware?

    Celadon is an Indianapolis-based company. The primary operations were in Indianapolis.  The employees were hit hardest in Indianapolis. Even their address on the bankruptcy petition is in Indianapolis.  Why then was Celadon’s Chapter 11 bankruptcy filing in Delaware? Celadon is a “Delaware” Corporation Companies frequently incorporate in Delaware to take advantage of Delaware’s generous law […]

    Read More

  • December 18, 2019

    Celadon Trucking – Indianapolis Bankruptcy News

    On Sunday, December 8, 2019, the well-known Indianapolis-based trucking company, Celadon, filed for Chapter 11 bankruptcy.  To make matters worse, the goal of this Chapter 11 case was not to reorganize the company. Instead, it was to allow Celadon to cease its operations immediately.  All Indianapolis-based operations completely grounded to a halt. Some drivers were […]

    Read More

  • October 9, 2019

    Romantic Scams causing Rise in Bankruptcy

    Online romantic scams have been forcing many unsuspecting, kind-hearted people into bankruptcy. It is a real tragedy as these situations sweep across the nation in record numbers. Many of these people – frequently women and sometimes men approaching retirement age – are having their entire life savings cleaned out. When their life savings is stolen, […]

    Read More

  • July 15, 2019

    Bankruptcy Exemptions Now Too Low For Indiana

    Indiana bankruptcy exemptions are quite low compared to other states. The recent housing value boom has left the residence exemption for bankruptcy in Indiana more lacking than ever. Indiana, like a minority of other states, has a very limited residence protection amount in bankruptcy. Coming in at a meager $19,300 per bankruptcy filer, this amount […]

    Read More

  • June 12, 2019

    Local Farmers at Risk Through Tariffs

    Indianapolis Bankruptcy News Farming in central Indiana has already gone through difficult times. Many farmers have faced growing balances on operating lines of credit. Farmers near Indianapolis also always face the inherent instability of farm product markets. This particular problem, poor market prices, is being intensified by trade war tariffs. Local Soy Bean Farms Hit […]

    Read More

  • June 6, 2019

    Student Loan Crisis Looms – Are Current Solutions...

    As the student loan crisis looms, many proposals to this crisis are being presented in anticipation of the next presidential election. Various presidential candidates are presenting their own solutions. Questions come quickly into play – such as are these solutions constitutional? Is bankruptcy or something else the best solution? Elizabeth Warren’s Student Loan Solution Elizabeth […]

    Read More

FREE In Person or Video Consultation

Fill our the form below or Call (317) 769-2244 Today!