As I've explained in earlier bankruptcy blogs, the two most often-used types of bankruptcy to provide relief from consumer debt are Chapter 7 and Chapter 13. By way of quick review, a Chapter 7 bankruptcy is a liquidation bankruptcy. While that only occasionally happens, the bankruptcy court trustee can take legal possession of the debtor's assets (except for certain assets that are
With many of the financial woes I hear about (particularly in my Indianapolis bankruptcy law office) having to do with housing problems, it's nice to learn about a very successful Indianapolis affordable housing option.
Mapleton Park is a 25-unit apartment building in the Fall Creek area of Indianapolis. This location provides affordable housing plus support services for homeless a
My banker friend R. (who shared the sad story about the Oregon homeowner who'd waited until it was too late to get help avoiding foreclosure) told me his thoughts, as a real estate banking professional, about that story and about the "mortgage mess" in general.
"In this case, the reason the man got behind on his mortgage isn't the important thing. People tend to want to look for blame.&
Although my bankruptcy law offices are all in the state of Indiana, I like to stay on top of bankruptcy, foreclosure, and consumer debt news in other parts of the country. R., my banker friend from Portland, Oregon (the one who told me the story I shared in Read More
When people visit with me in one of my Indiana bankruptcy law offices, they typically have many concerns to share. It may not even be the case that these individuals or couples are on the brink of bankruptcy. They have simply followed my often-repeated advice about seeking help at the first signs of financial downslide. It might be a single mom, who got hopelessly behind on her bills afte
