August 12, 2020
Confirmation Hearing and Trustee Objections in Chapter 13 Bankruptcy – What does it mean? You have a Confirmation hearing in Chapter 13. The trustee is objecting to your plan. What is it – this Confirmation hearing? Does this mean that the Chapter 13 trustee is rejecting your case? Actually, quite the opposite is usually true. […]
August 5, 2020
How Do I Get a New Car in Chapter 13 Bankruptcy? Is your old car in your Chapter 13 case meeting an untimely end? The good news is that you can usually buy a new car during your Chapter 13. How do you get a new (or used) car in Chapter 13? You just need […]
August 3, 2020
How to Determine Your Chapter 13 Payment Amount – What Factors to Consider 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 […]
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 […]
May 25, 2020
Has Your Credit Card Company Reduced Your Credit Limit? Your credit card company has reduced your credit limit. This quickly puts you in a difficult position. This credit reduction can damage your credit. It can also render your credit card useless for further charges. Your Credit Score Has Already Gone Down If your credit card […]
May 18, 2020
During the COVID-19 pandemic, rent and mortgage payments immediately began to go into default. Job loss and other interruptions pushed default rates to new levels. These housing defaults will play out in a way that may cause record amounts of bankruptcy within the next year. Rent and Mortgage Payments Will Not Be Forgiven A growing […]
May 12, 2020
COVID-19 PREDICTED TO CAUSE NEW WAVE OF INDIANAPOLIS BANKRUPTCY COVID-19 is predicted to cause a new wave of Indianapolis bankruptcy cases. Consumer debt loads were already reaching record highs. Indianapolis, now facing COVID-19 job interruptions, will likely see large defaults in debt repayment. A new wave of bankruptcy will likely follow. CONSUMER DEBT RECORDS MEET […]
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 19, 2020
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 […]
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 […]
