Joint bank accounts are common among married couples, families, or those who help elderly relatives manage their finances. But what happens when one person on the joint account declares bankruptcy in Indiana? Just because your name is on the account does not mean that you own all the money in it. However, joint accounts could...

Many Hoosiers need their car to go to work, take their kids to school, and fulfill their daily obligations. Naturally, those considering bankruptcy with debt on their automobile are concerned they might lose their cars as soon as they file. However, filing for bankruptcy does not necessarily mean you have to give up your car....

Filing for Chapter 7 bankruptcy can be a new beginning for your finances, but there is more to the process than filling out some forms. Before you file your petition, you need to have all financial information ready, showing your income, debts, assets, and expenses. This will help your lawyer assess your financial situation and...

Filing for bankruptcy is an important chance for a lot of people to get their financial feet back on the ground. But sometimes, unforeseen events like medical expenses, unemployment, divorce, or some other issue arise years after filing for bankruptcy. For those who have gone through the process before, one of the questions they might...

Your retirement savings accounts might just be the most valuable asset you own and could even be as valuable as your family home. Indiana divides retirement accounts during divorce, but there are some important considerations. Your Indiana divorce attorney can guide you through the division of retirement assets in divorce.  Retirement accounts are part of...

When you co-sign a loan, both parties are responsible for the debt. In fact, it is just like taking out the loan yourself. It will appear on your credit report. This can become a serious problem if the party you co-signed for files for bankruptcy, since it does not cancel the creditor’s rights against the...

Even if you are thinking about filing for bankruptcy, you still might have to use your credit cards to pay for your daily expenses. However, using a credit card right before filing for bankruptcy can be problematic, especially if you buy expensive items or take cash advances.  Filing for bankruptcy will not automatically erase all...

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....