Can the Court Deny My Bankruptcy Discharge?
Bankruptcy is an option for those hopelessly in debt. It’s a chance to get a fresh start and begin again with your debts cleared. However, just because the bankruptcy court can discharge your debts, it doesn’t mean that it will. You have to follow the rules of procedure, be transparent, and ensure that you are...
What Happens to Retirement Savings During an Indiana Divorce?
Indiana is an equitable distribution state when it comes to dividing marital property. That means that the marital estate is divided in a way that is fair to both parties, but not necessarily even. Among the many assets that must be divided in a divorce are pensions, IRAs, and 401(k)s. Retirement assets represent a significant...
Understanding Short-Term Chapter 13 Bankruptcies in Indiana
Chapter 13 bankruptcy is a type of bankruptcy that individuals can file under in Indiana. It requires the debtor to repay some of their debts through a repayment plan that is accepted by the court. In most cases, the term of a Chapter 13 bankruptcy is either three or five years, depending on the debtor’s...
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...