June 23, 2021
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 […]
June 9, 2021
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 […]
May 26, 2021
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 […]
May 12, 2021
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 […]
April 7, 2021
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 […]
January 20, 2021
Filing Bankruptcy on COVID-19 Medical Bills Medical bills for a hospital stay can come back in the tens of thousands. A hospital stay for COVID-19 can create large bills that are not always covered fully from insurance or the government. You can, however, file on medical bills related to COVID-19. COVID-19 Medical Bills can be […]
January 6, 2021
Can I File Bankruptcy On Store Credit Card After Christmas? Christmas is a time of giving, but it can also be a time of over-spending. Buying gifts for Christmas can build up high balances on store credit cards. Can you file for bankruptcy on store credit cards after Christmas? The answer is generally “yes” with […]
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 […]
