There are different reasons people file for relief under Indiana bankruptcy law, and often timing is one of the considerations. With the holiday season in full swing, many folks don’t want to spoil their family’s enjoyment. They put off filing Read More
OK, your business is in tourble and you’re finally facing up to the realities of the situation. As an Indiana bankruptcy attorney, I know how difficult a juncture this is for any business owner. Having guided many a small business Read More
A couple of weeks ago, I shared with you a news item from Great Britain about the 6% of Brits who are literally using credit cards to make mortgage payments. Just last week, I caught an article in the Israeli Read More
An extensive survey by the Consumer Bankruptcy Project revealed some sad aspects of the world of bankruptcy. The study found that people often “go it alone”, seldom turning to friends or family for support. A terrible sense of isolation is Read More
Parents often struggle setting priorities. Too often, in their attempt to provide help to their children, they end up neglecting their own retirement planning until it’s too late. In a recent New York ruling, the bankruptcy court weighed in on Read More
It’s just common sense: If you eat more than you burn off, you gain weight. And (more common sense) if you spend more than you bring in, you’re going to sink deeper into debt. As an Indiana bankruptcy attorney, I Read More
Everyone knows April 15th as the day federal income tax returns are due. But, later that month, on April 30th, we celebrate a somewhat lesser-known occasion – Tax Freedom Day. That day marks the point at which the average American Read More
Remember me writing about how money in 401K retirement plans grows without the owner needing to pay current taxes? What is so interesting to me as a bankruptcy attorney in Indiana, is that 401K money counts as an exempt asset Read More
As a bankruptcy attorney in Indiana, I’m always reading up on all matters having to do with debt. Well, the other day, in a Commercial Law League article, a local attorney was writing about a case that I found fascinating. Read More
Money in 40lK retirement plans is exempt in two ways. First, the account is tax exempt while it accumulates for retirement. Then, under federal bankruptcy law, 401K is exempt from creditors. In fact, Indiana bankruptcy law protects all kinds of Read More
One of the big myths about bankruptcy is that, if you’re married, both you and your spouse have to file. That is definitely not true, although quite often it makes sense for a husband and wife to both file, since Read More
Let’s talk about credit cards after bankruptcy. One misunderstanding people have is that it will be impossible for them to get a credit card after filing bankruptcy. Not only isn’t that the case, but, probably within weeks after a filing, Read More