If you wish to file for liquidation bankruptcy as an Indiana consumer, you will have to take a means test. The test seeks to determine whether you have sufficient income to pay your debts over a period of three to five years as opposed to having them eliminated in a...
Going through a Chapter 7 bankruptcy in Indiana can be a challenging and emotional experience. It can significantly impact your credit score and financial situation, making it harder to get approval for a mortgage. However, it is still possible to get a home loan...
Filing for bankruptcy is a process that usually means that someone has accumulated enough debt to be unable to pay it off in full, and they need the help of the courts and laws of bankruptcy to get out from underneath it. One of the most important elements of this...
Filing for bankruptcy may allow you to eliminate or reduce secured or unsecured debt balances without necessarily losing property. However, before you present your bankruptcy petition to an Indiana judge, you'll need to show proof that you've undergone credit...
While bankruptcy in Indiana relieves consumers of some unsecured debts, myths give it a negative reputation. A common myth is bankruptcy filers are irresponsible with money. There are many other myths that make consumers hesitate to file for bankruptcy. Myth: Credit...
A lot of Indiana consumers who are struggling with their financial obligations are not certain if bankruptcy is the right option for them. Qualifying for Chapter 7 bankruptcy requires that you have a certain income and owe significant personal debts. There is a test...
Financial struggles are increasingly common in Indiana and throughout the nation. With job loss, medical bills and other problems, people can find themselves buried in debt with concerns about the future. Bankruptcy is an option for those facing these trying...
Credit card debt can make you feel like you're underwater. Intellectually, everyone in Indiana knows that way to stay out of debt is to spend only moderately and pay off your balance at the end of the month. However, sometimes there are emergencies in life that need...
If you stop making payments on an unsecured debt balance, there is a chance that it will be sold to a debt collector. An Indiana debt collector has the right to contact you by phone or mail in an effort to obtain the money it is owed. However, there are strategies...
A person's debts could exceed their assets and income potential by an overwhelming amount. Indiana residents unable to pay secured and unsecured debt could take advantage of bankruptcy laws. Filing for bankruptcy may provide solutions, but it could come with...
