• August 14, 2019

    $500 Bankruptcy

    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 […]

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  • August 1, 2019

    Declare Bankruptcy

    Want to declare bankrputcy? You declare bankruptcy to eliminate all of your debts. Before you declare bankruptcy, it is important to know some basics behind the process. Knowing these basics will help you understand exactly how declaring bankruptcy actually works. You Declare Bankruptcy in Federal Court You or your lawyer will need to prepare a […]

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  • July 31, 2019

    ITT Tech: Student Loan Collapse

    From Former Glory Years to Student Loan Collapse ITT Tech was once a well-respected technical training school that orignated in 1969. The headquaters was in Carmel, Indiana. By the 1980’s and 1990’s, ITT Technical Institute was synonomous with high-quality, no-nonsense education. Both young students right out of high school and older adult students would flock […]

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  • July 15, 2019

    Bankruptcy Exemptions Now Too Low For Indiana

    Indiana bankruptcy exemptions are quite low compared to other states. The recent housing value boom has left the residence exemption for bankruptcy in Indiana more lacking than ever. Indiana, like a minority of other states, has a very limited residence protection amount in bankruptcy. Coming in at a meager $19,300 per bankruptcy filer, this amount […]

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  • June 26, 2019

    How Long Can I Stay in My House...

    How long can you usually stay in your house if you stop paying your mortgage? This most simple answer is 8 to 10 months. You can usually stay in your house for 8 to 10 months for free after you stop paying on the mortgage. Sometimes this amount of time can even be longer, ranging […]

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  • June 19, 2019

    Chapter 13 Cannot Modify Mortgages

    Chapter 13 cases are very powerful at stopping foreclosure or forcing payments. Yet, Chapter 13 bankruptcy cases cannot modify mortgages. It has been proposed many times in Congress or in legal circles that Chapter 13’s should be able to alter mortgage terms. No changes to the bankruptcy code have been made for this purpose. Explaining […]

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  • June 12, 2019

    Local Farmers at Risk Through Tariffs

    Indianapolis Bankruptcy News Farming in central Indiana has already gone through difficult times. Many farmers have faced growing balances on operating lines of credit. Farmers near Indianapolis also always face the inherent instability of farm product markets. This particular problem, poor market prices, is being intensified by trade war tariffs. Local Soy Bean Farms Hit […]

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  • June 6, 2019

    Student Loan Crisis Looms – Are Current Solutions...

    As the student loan crisis looms, many proposals to this crisis are being presented in anticipation of the next presidential election. Various presidential candidates are presenting their own solutions. Questions come quickly into play – such as are these solutions constitutional? Is bankruptcy or something else the best solution? Elizabeth Warren’s Student Loan Solution Elizabeth […]

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  • May 29, 2019

    Dress Barn Closings – Indianapolis Bankruptcy News

    As the retail apocalypse continues, Dress Barn decides to close all of its 650 stores. Although this kind of news seems like the new “norm,” the numbers are truly shocking. It is estimated that a total of almost 6,000 to 7,000 retail stores will close in 2019 alone. Dress Barn, however, will be a large […]

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  • May 21, 2019

    Steak n Shake Temporary Closings Continue- Indianapolis Bankruptcy...

    As sales decrease at Steak n Shake locations throughout the United States, the closing of multiple locations has begun in Indianapolis. The corporation who owns the corporate side to Steak n Shake is located in San Antonio, Texas. This company, called Biglari Holdings, Inc, has stated that these closings are only temporary. Temporary Closings Making […]

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