Is My Retirement Account Considered Marital Property During Divorce?
Yes. All of your property is considered marital property in the State of Indiana. This includes retirement accounts. Pensions, IRAs, and 401(k)s are considered property of the marriage and must be equitably distributed during an Indiana divorce. If the division is not performed correctly, it can lead to tax penalties. In this article, the Danville,...
How Will Bankruptcy Impact My Credit Score?
One of the fears that folks have about filing for bankruptcy is the impact that it will have on their credit score. While this is a valid concern, if you are considering bankruptcy, then your credit score could likely use work anyway. In addition, your credit can be rebuilt after bankruptcy, and you can find...
Debt Settlement versus Other Forms of Debt Relief
Dealing with mounting debt is no doubt a stressful process. Finding the right debt relief option is imperative to your financial well-being. There are various forms of debt relief available, and each one offers a slightly different alternative. The Indiana bankruptcy attorney, Chris Arrington, will discuss the key differences between debt settlement and other debt-relief...
Is it Better to File for Divorce First in Indiana?
It is sometimes believed by the general public that filing first for divorce has significant advantages over being served with a divorce petition. When it comes to decisions made in courtrooms, that is not the case. The judge will not favor the litigant who filed first, nor will that factor into any decision they make....
Filing an Emergency Custody Order in Indiana
Emergency custody in Indiana describes a situation in which a child is removed from their home after it’s no longer considered safe for them to be there. Once the child has been removed, they are placed in protective custody until a hearing can be held on their welfare. The hearing is usually held within 48...
How Do Those Filing for Bankruptcy Afford an Attorney?
Filing for bankruptcy is not a simple process. It generally requires the aid of a seasoned bankruptcy attorney who guides the petitioner through the bankruptcy. But a natural question then arises: How can I afford a bankruptcy attorney if I’m filing for bankruptcy in the first place? Our Danville, IN, bankruptcy attorney, Chris Arrington, will...
What to Expect During Bankruptcy in Indiana
Facing bankruptcy is often a difficult experience. One way to make it less painful is to understand the process in advance so you know what to expect. Chris Arrington understands the complexities involved in the process of bankruptcy. In this article, we’ll take you through the bankruptcy process so you know what to expect when...
How Does a Military Divorce Differ From a Civilian Divorce in Indiana?
For the most part, military divorces will play out the same way as civilian divorces in Indiana. However, there are some aspects of military divorce that are unique and can become quite complicated. It’s important for any military serviceman to consult with an Indiana divorce lawyer to ensure that their case is being handled properly. ...
What are Preferential Payments in Bankruptcy?
Prior to making the bankruptcy filing, some debtors feel as if they have to make incredibly tough decisions, such as which creditors they can pay and which ones will not get the payment they’re owed. This generally occurs because the debtor doesn’t have the money to pay all of their creditors, so in their head,...
Bankruptcy and Child Support in the State of Indiana
If you are struggling with overwhelming debt, then filing for a Chapter 7 or Chapter 13 bankruptcy is sometimes a solution. Bankruptcy offers a fresh start and the ability to reorganize your finances, discharge certain debts, and regain your financial stability. Many debtors have questions about how filing for bankruptcy impacts child support payments. In...