September 15, 2021
Fresh Start Through Bankruptcy Act 2021
What are the Changes? The bill called the “Fresh Start Through Bankruptcy Act of 2021” is now being discussed in Congress. It proposes a change to the bankruptcy law that will now allow the discharge of student loans after 10 years. The Act also has the stated goal of holding educational institutions more accountable. Congress […]
September 1, 2021
When will Indiana COVID-19 Unemployment Payments Stop?
Indiana COVID-19 unemployment payments are currently scheduled to stop when the federal program ends in September 2021. Will the payments really stop or will they continue? It all depends on whether more Federal aid is extended by Congress. An extension of aid, however, appears unlikely. The $300 Extra Indiana COVID-19 Unemployment Stops in September Currently, […]
August 18, 2021
Why the Fresh Start Through Bankruptcy Act 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
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
Social Security Overpayments and Bankruptcy
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?
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
Monthly Child Tax Credit Payments
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...
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 Loan Instead of Bankruptcy?
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
Debts Not Listed on Credit Reports in Indiana
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 […]
