April 14, 2026
Chapter 7 is an extremely powerful way of dealing with debt. Can it shut down a divorce settlement agreement? Generally, the answer is “no.” However, Chapter 7 can sometimes shut down or prevent the execution of some property settlement agreements. The Discharge May not Apply to Such Agreements The discharge in Chapter 7 has been […]
February 11, 2026
Chapter 7 is very powerful. Officially at least, Chapter 7 still cannot stop fraud claims. This is due to an “exception” to discharge that protects against getting rid of fraud claims. However, with prompt timing and planning, Chapter 7 may be able to stop a fraud claim from materializing in some situations. In other cases, […]
March 22, 2023
The Bankruptcy Court hearing can be stressful. I have had so many clients lose sleep over the bankruptcy hearing. I had a client write a blog about his experience at his Chapter 7 Bankruptcy Hearing. He wanted other clients to feel at ease at the bankruptcy meeting. His blog even includes the questions the bankruptcy […]
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 […]
