Most couples tend to accrue shared credit card debts while married. Even if the divorce order says one spouse should shoulder the debts, the arrangement may not be enough if the other spouse files for bankruptcy. You could receive a letter from a creditor if your ex-spouse files for bankruptcy after the divorce. Understanding the...

When getting a loan, many folks depend on the assistance provided by a family member or close friend. This is because a co-signer increases the chances of securing a loan, whether for purchasing a car, taking out a personal loan, or getting a credit card. If you are in a difficult position and considering filing...

Co-signing a loan usually involves trust. A parent might co-sign a loan on a car purchased by their child. Friends can co-sign loans for each other. Spouses also sometimes co-sign loans together. But what happens when financial problems prompt you to declare bankruptcy? You might wonder what happens to your co-signing in such a situation....

A lot of folks rely on their tax return to help alleviate financial stress. It doesn’t matter if you need money to clear out some bills, repay your debts, or meet some ordinary expenditures. Any kind of loss related to your tax return is significant. Those considering filing for bankruptcy in Indiana might have questions...

Paying your HOA fees can be a financial stressor for those who are already behind on their mortgage, car payments, or other bills. If you are considering bankruptcy, it is important to understand what will happen to HOA fees in Indiana once your filing is complete.  HOA fees are treated differently from many other debts...

People with debt problems often think that their tax debt will never be forgiven in bankruptcy proceedings, but this is not true. Some types of taxes cannot be forgiven, but others can be discharged under certain circumstances.  Not all tax debt is treated the same way Under the Bankruptcy Code, there are various types of...

One of the most heated legal controversies in family law is the issue of custody and visitation rights. It falls on Indiana courts to find an appropriate balance between the parents’ right to raise their children and the primary interest of safeguarding the best interests of the child.  Background of the case This case was...

While owning a small business can be lucrative, it can also be financially burdensome for both the business and the owner. There are many small business owners who depend on their personal credit cards, personal guarantees, and even personal loans from banks to finance their Indiana business. When their debt becomes too burdensome, personal bankruptcy...

Wage garnishment can be particularly stressful for Indiana citizens who are already having trouble managing their payments. Once a creditor gets a court order, they can actually go after money that the debtor receives as part of their paycheck. This can make paying for things like rent or groceries extremely hard. However, there may be...

One of the largest myths surrounding bankruptcy is that if you declare bankruptcy, it will result in the loss of all your possessions. Individuals who want to avoid declaring bankruptcy do so out of the fear of having to give up their house, car, other personal items, or even their pension. However, under bankruptcy law,...