The fact that Chapter 13 bankruptcy allows you to keep property and assets while resolving issues with creditors makes it an attractive option for people in Indiana suffering under the weight of debt. Still, not everyone will qualify for this form of bankruptcy....
Bankruptcy
Using bankruptcy as a foreclosure defense
If you have fallen behind on mortgage payments and are barely managing to stay current on some other financial obligations, there is no time like the present for you to consider bankruptcy. Depending on how far in arrears your mortgage is and your financial...
Can I still get a business loan after going bankrupt?
The stigma associated with going bankrupt can leave Indiana entrepreneurs reluctant to file for Chapter 13 bankruptcy, fearing that doing so will make it impossible to secure business financing for a long time. However, going bankrupt does not mean every lender will...
Filing for bankruptcy should not make you feel guilty
If you are in a financial bind and have nowhere else to turn, you may start to consider filing for bankruptcy. However, many things may make you hesitate to declare bankruptcy, including the stigma surrounding this decision. But there is absolutely no reason to feel...
How does chapter 13 affect your credit?
If you are an Indiana resident struggling with debt, you may want to consider declaring bankruptcy as a way to make a fresh start and improve your financial situation. Chapter 13 bankruptcy is one of the options that may work well. There are many aspects to chapter...
How can an automatic stay stop creditor harassment?
If you are one of the many Americans who struggle with credit card debt, overwhelming medical expenses and a pricy mortgage, you may have considered filing for bankruptcy. Although there are several options for those who need debt relief, Chapter 7 bankruptcy wipes...
Have you co-signed on a student loan that has gone unpaid?
When you co-sign on a loan, you’re telling the lender that you will pay the loan if the main borrower does not. The penalties for failing to keep the loan up to date can include a hit to your credit, the loan going into collections, and a possible court judgment...
When should I file for bankruptcy if I’m getting divorced?
It’s not uncommon for couples to consider filing for bankruptcy while seeking a divorce. In fact, financial disagreements are the second leading cause of divorce in the U.S. But, before your finances drive you to bankruptcy, it’s wise to consider the implications your...
How financial struggle erodes mental decision-making processes
It’s not hard to understand the relationship between financial struggle and poor decision making. But consider the possibility that due to the economic conflict, your rational decision-making abilities are hindered going forward. The psychological burden of money...
If you struggle financially, you may be a prime scam target
Common sense would support the idea that hackers, scammers and thieves target wealthy people. After all, rich targets would allow them to rake in the most loot, right? Unfortunately, it may be the other way around. Debt relief and refinancing scams are a major problem...