March 30, 2015
The difference between secured and unsecured debt?
We have a lot of Indianapolis Bankruptcy clients come in for a free consultation and wonder what is the difference between secured and unsecured debt. The difference between the types of debt can be confusing. Many times I explain that there are two types of debt: secured debt and unsecured debt. First, let’s discuss secured […]
March 24, 2015
Time-tested Brands and Chapter 11: The New Norm?
Let’s discuss time-tested brands and Chapter 11: The New Norm? Why are so many time-tested, brand-name businesses filing for Chapter 11? Attention is focused on the Radio Shack Chapter 11 case pending with 9,000 jobs on the line. Is Chapter 11 the best mechanism for saving a failing business? The answer is usually “yes.” Through […]
March 20, 2015
Will Bankruptcy Stop Car Repossession?
Several of our Indianapolis bankruptcy clients ask, “Will bankruptcy stop car repossession?” The answer is YES, filing either an Indiana Chapter 7 or Chapter 13 bankruptcy will immediately stop an automobile from being repossessed. When filing a Chapter 7 or Chapter 13 bankruptcy it is sometimes even possible to have a vehicle that was recently […]
March 17, 2015
Will I ever be able to discharge student...
Our clients frequently ask this question, “Will I ever be able to discharge student loans in bankruptcy?” We frequently tell our clients that there has been some talk about student loans being discharged throughout Washington, but no action has been taken yet. Now as the “student-debt crisis” looms over the nation, more aggressive action has been […]
March 10, 2015
Bankruptcy and the Bible: Is it “moral” or...
Many times our clients find themselves in a moral dilemma: is it “moral” or “Biblical” to file for bankruptcy? The answer to this is “yes.” It is morally acceptable and “Biblical” to file for bankruptcy relief if you are appropriately in need of such relief. In Deuteronomy 15:1-2, God’s law for the nation of Israel puts […]
March 6, 2015
What happens to my credit score when I...
At our Indianapolis-area bankruptcy attorney office, we have a lot of clients that worry bankruptcy will destroy their credit score. Our clients feel as if they will never be able to build their credit back up. We encounter a lot of misconceptions and we are asked many times, “What happens to my credit score when […]
March 3, 2015
The Indiana Sheriff Sale: What Happens to Homes...
At our Central Indiana bankruptcy office, many of our clients set up a free consultation because they have a sheriff sale scheduled on their house. We stop many sheriff sales every year – sometimes a month before and sometimes minutes before. We stop sheriff sales all through Indianapolis and the surrounding area. We have stopped […]
February 13, 2015
1099 and Bankruptcy – Indiana
The 1099 and Bankruptcy – Indiana Questions Indiana bankruptcy attorney, John Bymaster, discusses 1099s and bankruptcy. This time of year some of our Indiana bankruptcy clients received 1099s in the mail and they call our office because they are not sure what to do. This bankruptcy informational video will provide you with information on how […]
