• 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?  […]

    Read More

  • 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 […]

    Read More

  • 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 […]

    Read More

  • 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 […]

    Read More

  • May 26, 2021

    Bankruptcy Creates Zombie Mortgages

    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 […]

    Read More

  • May 12, 2021

    How is Household Size Determined in Bankruptcy?

    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 […]

    Read More

  • April 7, 2021

    Spending Tax Refund on Car Before Bankruptcy

    Can I Use My Tax Refund to Buy a Car Before Bankruptcy? You can use your tax refund to buy a car before filing bankruptcy.  Having a paid-in-full car can make life much easier.  It can help you make your full recovery after the bankruptcy case is filed. Make Sure the Car Fits Within Your […]

    Read More

  • March 24, 2021

    Job Layoff and Bankruptcy

    Does Job Layoff lead to Bankruptcy? Job layoffs can be very unexpected.  They always have a large effect on a family’s budget.   Frequently job layoff and bankruptcy go hand in hand.  Debts can simply no longer be paid if the income loss from a layoff is too great.   You can, however, do a few simple […]

    Read More

  • March 10, 2021

    The Consumer Bankruptcy Reform Act of 2020

    The Consumer Bankruptcy Reform Act is designed to simplify the bankruptcy code.  It is designed also to offer more generous protections from creditors. The Act has been proposed primarily by Senator Elizabeth Warren,   It has been proposed in response to years of criticism of the infamous Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.   […]

    Read More

  • February 24, 2021

    Chapter 10 Bankruptcy

    What is Chapter 10 Bankruptcy? Chapter 10 bankruptcy could soon be a reality.   This new bankruptcy chapter will replace Chapter 7 and Chapter 13 bankruptcy under the newly proposed Consumer Bankruptcy Reform Act.   If Chapter 10 is adopted, you will be able to file a single Chapter where you can choose to either clear out […]

    Read More

 

FREE Consultation – Get Debt Free!

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