• 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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  • February 19, 2020

    Credit Score Changes Decrease Bankruptcy

    Major changes are coming to how credit scores will be calculated.  These credit score changes will likely make it more difficult for many people to obtain new credit.  This, in turn, will likely decrease the total amount of bankruptcy filings to some degree. People who historically have turned to bankruptcy may have a lower credit […]

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  • February 12, 2020

    Back Rent and Bankruptcy

    Depending on your situation, bankruptcy can affect the amount of back rent you owe in different ways.  It can sometimes be completely discharged through bankruptcy and go away forever with the rest of your debts.  Other times, the bankruptcy case may have very little effect on your situation.  Understanding back rent and bankruptcy can help […]

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  • February 5, 2020

    Indiana Home Values and Bankruptcy

    Indiana home values are surging even at higher amounts generally than the rest of the nation.  These home values increasing usually do not slow down the volume of Indiana bankruptcies filed.  In fact, sometimes the increase in value can cause more bankruptcy. With Indiana home values on the rise, Hoosiers will also be faced with […]

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  • January 29, 2020

    Lien Removal in Indiana

    Lien removal in Indiana can be a confusing process.   Some liens in Indiana get put on homes through lawsuit judgments.  Other liens can come on a property through tax debt or child support arrears. Liens can be removed from a property in Indiana only through a few methods. Indiana Lien Removal: Paying It Off […]

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  • January 22, 2020

    Will the Bankruptcy Law Change?

    Elizabeth Warren’s Proposals The last major reform to the bankruptcy code was in 2005.   With Elizabeth Warren now in the political limelight, she is calling for radical bankruptcy laws changes.  Will the bankruptcy law change soon? A look into the history of the 2005 law change and Elizabeth Warren’s proposal may shed some light […]

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  • January 16, 2020

    2005 Bankruptcy Reform Act Controversy

    The “Trojan Horse” 2005 Bankruptcy Reform Act is Creating Election Controversy  The 2005 Bankruptcy Reform Act is creating some controversy in the upcoming election.   A renewed feud over the validity of the act between democratic candidates Elizabeth Warren and Joe Biden appears to be building.   Was the 2005 law change truly a Trojan […]

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  • December 27, 2019

    Celadon Bankruptcy

    Celadon Bankruptcy: Worst-Case Chapter 11 Scenario The Celadon bankruptcy was close to a worst-case scenario for Chapter 11.  Things can always be worse of course, but this situation has most of the general “worst-case” aspects that a company can face in Chapter 11. Chapter 11 Celadon Worst Case Scenario: No Reorganization Chapter 11’s most appealing […]

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  • December 26, 2019

    Celadon Bankruptcy Filed in Delaware?

    Celadon is an Indianapolis-based company. The primary operations were in Indianapolis.  The employees were hit hardest in Indianapolis. Even their address on the bankruptcy petition is in Indianapolis.  Why then was Celadon’s Chapter 11 bankruptcy filing in Delaware? Celadon is a “Delaware” Corporation Companies frequently incorporate in Delaware to take advantage of Delaware’s generous law […]

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  • December 18, 2019

    Celadon Trucking – Indianapolis Bankruptcy News

    On Sunday, December 8, 2019, the well-known Indianapolis-based trucking company, Celadon, filed for Chapter 11 bankruptcy.  To make matters worse, the goal of this Chapter 11 case was not to reorganize the company. Instead, it was to allow Celadon to cease its operations immediately.  All Indianapolis-based operations completely grounded to a halt. Some drivers were […]

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