• March 12, 2019

    Payless Shoes Files Second Bankruptcy: Indianapolis Bankruptcy News

    Beloved Indiana retailer Payless Shoes has filed for their second bankruptcy filing in the last two years. The current filing will likely be a total liquidation that will cause their stores to be closed throughout the United States. Payless Shoes Failed Somewhat with First Bankruptcy Reorganization Although the first Payless Shoes bankruptcy filed in 2017 […]

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  • March 5, 2019

    Fishtanks, concert trips, and bankruptcy

    Fishtanks and concert trips – how can these things have anything to do with bankruptcy? The answer actually is they do not have anything to do with bankruptcy! That is the problem: these are perfect examples of expenses that your bankruptcy trustee will not accept if they occurred shortly before your bankruptcy case was filed. […]

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  • February 26, 2019

    USA Gymnastics: Indianapolis Bankruptcy News

    As you may have heard, USA gymnastics has filed for Chapter 11 bankruptcy relief in the Indiana Southern District for bankruptcy. This filing which occurred in early December 2018 is certainly high-profile Indianapolis bankruptcy news. Recently a deadline of April 26, 2019 has been solidified so far for filing claims in the case. USA Gymnastics: […]

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  • February 26, 2019

    Scotty’s Brewhouse Chapter 11: Indianapolis Bankruptcy News

    The locally popular Scotty’s Brewhouse has filed for Chapter 11 bankruptcy relief. This well known, locally-grown Indianapolis chain has been a popular Indianapolis and greater Indiana social landmark. At this point, the outlook may be bright. This local company plans to restructure and even eventually expand it’s national reach if all things go well. Scotty’s […]

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  • February 25, 2019

    Why does Chapter 11 Bankruptcy Cost so Much?

    I hear the same question frequently: why does Chapter 11 bankruptcy cost so much? Chapter 11 bankruptcy always costs much more than the conventional Chapter 7 or Chapter 13 case. The reason why Chapter 11 costs so much is because it is extensively-monitored and always “custom” in nature. Chapter 11 Costs So Much Because it […]

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  • February 21, 2019

    New Tax Laws Equal Less Tax Refund Money

    Since there are new tax laws, many people will find themselves receiving a smaller tax refund this year. Due to the new tax law change, people will receive an average of a 15% drop in their total tax refund. This may sound confusing because in actuality the total amount of tax that most people must […]

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  • February 19, 2019

    Car Loan Defaults Rising

    Why Are Car Loan Defaults Rising? Car loan defaults are rising and are now higher than ever. The numbers are staggering. They even exceed the peak of car default that occurred before the 2008 financial crisis. What is causing this new rate of default and what can we expect in the future? Bad Car Loans […]

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  • December 19, 2018

    What Happens In Bankruptcy?

    What actually happens during bankruptcy is the release (or total forgiveness) of your debts. To get this release, you must provide some financial documents and official government paperwork to formally request that your debts be forgiven. After the full bankruptcy process is completed, you will receive a “discharge” that permanently eliminates your debt. Providing Paperwork […]

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  • December 13, 2018


    What are clear signs that you need to file for bankruptcy? This question can be answered by in a few basic ways.  There are three basic signs that strongly indicate that bankruptcy is something that you may want to consider. Sign #1: Staying in the Same Place or Worse for Years Are your finances currently […]

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