• August 5, 2020

    How Do I Get A New Car in...

    How Do I Get a New Car in Chapter 13 Bankruptcy? Is your old car in your Chapter 13 case meeting an untimely end?  The good news is that you can usually buy a new car during your Chapter 13.  How do you get a new (or used) car in Chapter 13?   You just need […]

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  • August 3, 2020

    Determining Chapter 13 Payment Amount

    How to Determine Your Chapter 13 Payment Amount – What Factors to Consider What exactly determines how much will be the amount of your Chapter 13 payment?  Your chapter 13 payment amount is calculated by three factors.   These three factors are your income, your assets, and the amount of debt that you are proposing to […]

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  • July 9, 2020

    Should I Withdraw Money from my 401k During...

    Expenses have remained high during COVID-19.  Car and house payments are behind for many people who are facing reduced income.   Should you withdraw money from your 401k during COVID-19?    Generally, you should not withdraw from your 401k, but it may be wise for certain situations.   COVID-19 is an Economic Hardship that Allows 401k Withdraw […]

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  • May 25, 2020

    Credit Card – Reduced Limit

    Has Your Credit Card Company Reduced Your Credit Limit? Your credit card company has reduced your credit limit.   This quickly puts you in a difficult position.   This credit reduction can damage your credit.  It can also render your credit card useless for further charges. Your Credit Score Has Already Gone Down If your credit card […]

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  • 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 […]

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  • 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 […]

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  • April 8, 2020

    Using Retirement Savings To Pay Off Debts

    Should You Use Retirement Savings to Pay Off Debt? Using retirement savings to pay off debts is usually allowed by most 401k or IRA providers in an especially bad debt situation.  Is it wise to use retirement savings to pay off debts? The answer to this is usually “no.” It is generally a very bad […]

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  • March 25, 2020

    Refiling Bankruptcy in Indiana

    When Can I Consider Refiling bankruptcy in Indiana? Thinking about refiling bankruptcy in Indiana? Many people in Indiana find themselves needing to refile for bankruptcy.  Do not be worried. You are not alone! Indiana people frequently refile for bankruptcy.   If you need to file bankruptcy again, you almost certainly will be able to file […]

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  • March 11, 2020

    Debt Collectors Calling After Bankruptcy

    Debt collectors should not be able to call after bankruptcy.  Debt collectors who continue to call after bankruptcy are in direct violation of the bankruptcy code.  You have powerful options to shut the creditor down and even receive money for damages. Debt Collectors Cannot Violate the “Discharge” If you had a debt listed in your […]

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  • February 26, 2020

    Debts Sold to Collection Agency

    Debts are frequently sold to a collection agency.  Having your debt held by a collection agency can be a much worse position than just owing to the original creditor.  Understanding how debts are sold to a collection agency can greatly increase your credit-related knowledge. It will also help you understand how debts are collected. Concepts […]

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