November 4, 2020
What Happens to my Storage Unit in Bankruptcy? If you have a storage unit, you may need to know a few things before you file for bankruptcy. What will happen to your unit? Usually, your storage unit will not be taken or auctioned off during bankruptcy. The contents of your unit must, however, be included […]
September 30, 2020
What Determines How Many Months are in a Chapter 13 Plan? 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 repay. Your […]
August 19, 2020
Boats & Bankruptcy: Can I Keep My Boat in Bankruptcy? A lot of people have asked the boats and bankruptcy question over the years. You can usually keep your boat during your bankruptcy case. Boats, however, are usually considered non-essential items in bankruptcy. Because they are considered non-essential in bankruptcy, certain factors may play into […]
July 9, 2020
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 […]
April 8, 2020
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 […]
March 25, 2020
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 […]
March 11, 2020
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 […]
February 26, 2020
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 […]
February 12, 2020
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 […]
February 5, 2020
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 […]
