Chapter 13 bankruptcy is a good option for people with a large amount of debt but with high enough income to adhere to a repayment plan as ordered by the court. When making your payments, budgeting is crucial to make sure you continue to pay down your debts to keep up...
Month: October 2019
How are trusts structured?
One of the most versatile tools you have at your disposal when creating your estate plan in Indiana is a trust. Kiplinger explains a trust is an agreement where a trustee agrees to manage assets for you in the way you direct him or her to do so. Trusts are quite...
Medical debt and bankruptcy in the United States
While filing for bankruptcy in Indiana is a great way for consumers to shed overwhelming debt and find peace about their financial future, one way to avoid future problems is to identify where the debt started in the first place. According to CNBC, a key contributor...
Are retail bankruptcies trending upward?
Keeping up with a market that is rapidly shifting to virtual sales can be a bigger challenge for some Indiana retailers than for others. The worst-case scenario that you could face is a sharp decrease in sales that leads to the need to declare bankruptcy. Is this a...
Is an attorney required to file for bankruptcy?
It can be intimidating to file bankruptcy in Indiana. It is a huge financial decision that will change your credit status for quite a while. It may impact you in many ways. It is also a legal process that requires following instructions carefully and ensuring that you...
What is probate?
You likely know that if you die without an estate plan, the state will step in and manage your affairs. However, sometimes, even if you have an estate plan in Indiana, the state still gets involved in the finalizing of your financial affairs. This process is probate....