There is no quick fix for a low credit score, despite the many magic bullets promised in ads online, on tv, on the radio, and everywhere else you look. The first step to addressing a low score is to check your report from each of the three main credit reporting agencies: Experian, Equifax and TransUnion. […]

Immediately upon the bankruptcy being filed, an Automatic Stay Order is entered by the bankruptcy court. The Automatic Stay is an order staying or putting a halt to all collection activity. Notice of the Automatic Stay is provided to all creditors who are identified in your bankruptcy schedules. This Notice is normally mailed to creditors […]

Is Bankruptcy My Best Option?

Joe and Mary have been married for 20 years and have one child in college, one in high school and one in middle school. There is an elderly parent that they help to care for and support. Both are employed outside the home. Speaking of homes, they live in a moderate house in a safe […]

Tax Refunds and Bankruptcy

A tax refund in considered to be an intangible asset just like cash, stocks, bonds, account deposits and receivables. As such it is entitled to protection along with all other intangible assets in the total amount of $400 for a single individual filer; $800 for a couple under Indiana law. (This figure changes from time […]

During the initial meetings, you will hear us speak of the 341 Meeting or Meeting of Creditors. This will be face-to-face between you and the Bankruptcy Trustee or their staff attorney. It is possible that some of your creditors will attend the 341 Meeting as well. The 341 meeting will normally take place 3-4 weeks […]

Reality TV star Abby Lee Miller of Dance Mom’s fame has been sentenced to Federal Prison for bankruptcy fraud for hiding and otherwise failing to disclose funds held in secret accounts.  Routinely during the process of interviewing clients and through the process of preparing the petition and schedules we encourage clients to provide us with […]

Generally speaking the employment of a Debt Settlement Company is risky business. Commonly a Debt Settlement Company (DSC) will require debtors to make significant payments before they take action to settle the debts. DSC’s will normally withhold the regular monthly payment to your creditors (even though you are making a monthly payment to them) causing […]