August 18, 2021
Congress has proposed a new bill that will make student loan debts dischargeable after 10 years. This bill is called the “Fresh Start Through Bankruptcy Act of 2021.” This new bill has been much anticipated. The student loan crisis was frequently discussed during and after the last federal election. The concept behind the bill also […]
August 4, 2021
Pandemic Unemployment – Going Against Indiana “Norms” Some of the largest unemployment grants in Indiana history have been awarded during the COVID-19 pandemic. With these grants, have come large changes to how Indiana handles their unemployment claims. Whether these changes are official or have come about only in practice, Indiana has been much more lenient […]
July 21, 2021
Can You File Bankruptcy on a Social Security Overpayment? Can you discharge an overpayment of social security benefits in bankruptcy? The answer to this question is generally “yes.” You can discharge social security overpayments in bankruptcy. Therefore, in many cases, it would be advisable to file for bankruptcy relief especially if there are also other […]
July 18, 2021
Are IRA Retirement Annuities Safe in Bankruptcy? Generally, private annuities are not safe in bankruptcy. In fact, they attract a lot of attention in bankruptcy cases because of their “non-exempt” status. However, in Indiana and the majority of other states, private annuities held in a tax-exempt, tax-deferred retirement account such as an IRA can be […]
July 7, 2021
Will Monthly Child Tax Credit Payments Cause Bankruptcy? The new monthly child tax credit payments will commence on July 15, 2021. Now up to 88% of families can receive a monthly support payment from the government. They will no longer need to wait until tax time to receive such payments. How will this affect bankruptcy? […]
July 4, 2021
Can I Put My Property in My Spouse’s Name and File for Bankruptcy? You have learned that you may have too much property to file for Chapter 7 bankruptcy. Your spouse does not have very much debt, and you are the only one who needs to file for bankruptcy. Why not simply sell what you […]
June 23, 2021
Home equity loans can be a powerful tool for getting out of high-interest credit card debt. Should you get a home equity loan instead of filing for bankruptcy? Be careful and do your research before getting a home equity loan. They are not always a better deal than filing for Chapter 7 bankruptcy of Chapter […]
June 9, 2021
Certain debts are not listed on credit reports in Indiana. In fact, these debts will never show up usually in any credit search. Which type of debts do not show up on Indiana credit reports? They usually are related to either medical bills or local service providers. Medical Bills Do Not Show Up on Credit […]
May 26, 2021
Zombie mortgages are a new trend showing up in bankruptcy. Zombie mortgages are second mortgages that a debtor mistakenly believes to have been written off after a Chapter 7 bankruptcy. People mistakenly believe these mortgages are dead and long gone. These second mortgages then revive as a “zombie” mortgage when collections start again several years […]
May 12, 2021
The household size in bankruptcy is determined by how many people are living with you. In bankruptcy, the number in your household can be very important. It can determine whether you are eligible for Chapter 7 bankruptcy. If your household size is large, you can make much more money per year and still file Chapter […]
