If you’re behind on your income taxes in a big way, the IRS might have an offer you can’t refuse – or, maybe you can! The IRS Offer of Compromise program allows some taxpayers to settle their tax liability for Read More
Can bankruptcy help when the creditor is none other than Uncle Sam? When it comes to tax debt, make that a definite "Yes, but…". There are five conditions that must be met in order for income tax debt to be Read More
One of the goals of this bankruptcy blog is to debunk myths, and one of the biggest myths is that, for ten years following bankruptcy, you will not be able to borrow money at all – not for a car Read More
U. S. government law provides special protection for members of the military who are in debt. In my earlier blog, "Putting Off Debt Problems For Families Of Service Members", I talked about SCRA, the Servicemembers’ Civil Relief Act. That law Read More
For the past year, and especially the past couple of months, I’ve made a special effort to stay abreast of work opportunities and job layoffs in our state. That’s because, as an Indiana bankruptcy lawyer, I know how important it Read More
Filing bankruptcy in Indiana can’t really serve as a solution for most people’s financial problems without there being work available for them. The bankruptcy law system is designed to offer people whose financial lives have been derailed, often through forces Read More
All the media coverage – and speculation – about the future of American automobile companies, it’s really interesting to me. While I hadn’t yet been born when Henry Ford and General Motors founder William Durant were alive, as a bankruptcy Read More
One of the most famous true bankruptcy stories is the one about Nelson Bunker Hunt, who went from being the world’s richest man to filing the biggest personal bankruptcy in history. According to the book “They Went Broke”, Hunt didn’t overspend Read More
"Let’s keep our fingers crossed the new law passes, I said in "Bankruptcy And Foreclosure – And The Walls Come Tumbling Down". I was referring to the bill Senator Dick Durbin just reintroduced in the Senate, the Helping Families Save Their Read More
What’s going on with jobs in Bloomington, Indiana, where one of my bankruptcy law offices is located, serves as the perfect example of what Indiana’s Department of Workforce Development has been reporting. In "From A Lost Job To A New Career", Read More
Indiana University’s Kelly School’s Business Outlook Panel last November presented its economic activity forecast for 2009. Faculty MBA chair Phillip Powell predicted our state’s economy will shrink between half a percent to one percent this year, with logistics and healthcare remaining Read More
Job markets are being closely monitored everywhere, but Indiana job market news is of crucial interest to me as a bankruptcy attorney with offices in Anderson, Bloomington, Columbus, and Indianapolis, all places where job markets are changing rapidly. Even in Read More