August 31, 2022
Indiana put new bankruptcy exemptions into effect on March 1, 2022. These new, updated bankruptcy exemptions added approximately a 15% increase to Indiana’s core bankruptcy exemptions. This includes Indiana’s residence exemption, the other real estate, and tangibles, and the cash or “intangibles” exemption. What are the Increased Indiana Exemptions? Residence Exemption Increase from $19,300 to […]
August 24, 2022
The Indiana repossession law can help you protect your car from being repossessed. You can legally protect your vehicle, keeping you and your car on the road. It is also important to know the repossession laws well enough to even get your vehicle back in Indiana in the event it actually does get repossessed. Indiana […]
May 11, 2022
Chapter 7 Bankruptcy can allow you to never pay your car loan ever again. You could then have a paid-in-full car, right? Unfortunately, this is not allowed in most cases. In most cases, you will need to keep paying your car loan after bankruptcy in order to keep the car. That is the default in […]
March 23, 2022
How much of a House Can You keep in Indiana Bankruptcy? In Indiana, it is important to know how much of a house you can keep in bankruptcy. This is especially important in Chapter 7 bankruptcy because this amount determines whether or not the Trustee may want to examine your house. You can only keep […]
March 9, 2022
What Do I Need to Do Before I File Bankruptcy? Before you file Chapter 7 bankruptcy, it may be wise to accomplish some important things as to your taxes first. It is very important to file all of your tax returns. It is also important to wait for the right timing. File All Your Tax […]
March 24, 2021
Does Job Layoff lead to Bankruptcy? Job layoffs can be very unexpected. They always have a large effect on a family’s budget. Frequently job layoff and bankruptcy go hand in hand. Debts can simply no longer be paid if the income loss from a layoff is too great. You can, however, do a few simple […]
December 22, 2020
Home Office Equipment- Is it Exempt in Bankruptcy? We have had many clients asking about bankruptcy exemptions during the pandemic. During COVID-19, a large number of people were forced to transition to working at a home office. In this process, a large amount of home office equipment was purchased to make it easier to work […]
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 […]
August 14, 2019
Have you heard the popular advertisement for $500 bankruptcy? These advertisements usually have more truth and substance behind them than $0 or $200 in bankruptcy and similar ads. What are you actually getting for these $500 bankruptcy offers? The answer may surprise you. $500 Bankruptcy May Only Be Partially Accurate When you hear an advertisement […]
July 11, 2018
Many clients have asked about tax penalties and bankruptcy. Tax penalties are a difficult burden. You usually receive tax penalties after an IRS or State Revenue audit or review. In such as situation, you are usually forced not only to pay the newly assessed tax but also the tax penalty for not following the taxing […]
