Many – perhaps most – people in Indiana have some level of debt. In many cases, having certain types of debt is a good thing, but it can easily turn into a nightmare. When debt begins to pile up, a sudden change circumstances – the loss of a job, an injury or an...
Overwhelming debt has struck many Indiana residents. You may be struggling with high medical bills, out of control credit card debt or be behind on your mortgage payments after losing your job. In the past, filing for bankruptcy was seen as a sign of failure. Times...
Life always seems to throw curveballs. It only takes one unexpected major expense or a series of financial decisions that had unforeseen consequences for you to find yourself in a situation where you are drowning in debt. Soon, the debt collectors start calling, which...
There are many valid reasons Indianapolis residents file for bankruptcy. Debt affects almost all of us in some way or another, and in today’s world, one unexpected event can cause a financial catastrophe. Once you start getting behind on bills, you are likely to...
It is common for people in Indianapolis to have credit cards, car loans, personal loans, mortgages and other types of debt. Utilizing various loans and credit can be very helpful when people want to or have to make major purchases. It can also be helpful when people...
Most Indianapolis area residents have at least one credit card. In fact, the average American has four credit cards. Although we try and pay off these credit cards each month, there can be situations that arise that make that more difficult. So, what happens if you...
Overwhelming debt can accrue incrementally over a long period of time or it can happen suddenly. In Indiana, this is a problem for people regardless of age, education and situation. Those dealing with this type of debt should be aware of the positives that can come...
It is understandable that there are many people who are in considerable debt and are yet unwilling to file for bankruptcy. While bankruptcy does offer a fresh financial start, the social stigma attached with it can often leave debtors wondering whether filing for...
Residents of Indiana often have many different reasons for filing a petition with the federal Bankruptcy Court, but one of the most common motivating factors is the incessant rain of phone calls and letters from debt collectors. Filing a bankruptcy petition can...
According to a recent report from the Indiana Institute for Working Families, Indiana families continue to struggle under the weight of medical debt. The report, which is based on a survey of residents from different backgrounds and parts of the state, showed that of...