Enough Is Enough! No More Creditor Calls!

Can I stop bill collectors from calling me?

The moment a bankruptcy case is filed the law requires that creditors stop all … [continue]

Can I keep my car or truck?

Yes, there are several different chapters of bankruptcy and we will make sure … [continue]

Can I eliminate my credit card debt?

Yes, upon completion of a bankruptcy your credit card debt will be discharged … [continue]

Can I discharge medical bills?

Yes, just like credit cards, the successful completion of a bankruptcy will … [continue]

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Indiana Bankruptcy Blog

Accruing Post-Petition Interest on Unpaid Federal Taxes (Interview Part 3 of 3)

Penalties for unpaid federal taxes are still dischargeable when filing for bankruptcy, but they will accrue post-petition interest that is owed to the IRS. Debt limit amounts have changed for Chapter 13 cases, as of April 1, 2016. Editor: We recently discussed the changes in the bankruptcy laws with Christopher Holmes, Jess M. Smith, III, […]

Property You Can Protect When You File for Bankruptcy (Interview Part 2 of 3)

Retirement accounts are exempt from creditors when filing for bankruptcy, but an inherited IRA is not. A recent ruling extending the time to cure arrearage might help you save your house after a tax sale. Editor: We recently discussed the changes in the bankruptcy laws with Christopher Holmes, Jess M. Smith, III, partners at Tom […]

What’s New in Bankruptcy Law in Indiana (Interview Part 1 of 3)

The official bankruptcy forms changed as of December 1, 2015, which will impact pro se debtors filing Voluntary Petitions. Mistakes made by pro se debtors include handling of tax refunds and submission of the document production form. Indiana bankruptcy exemption limitations have also changed. Editor: We recently discussed the changes in the bankruptcy laws with […]

Bankruptcy Strategy for Client with Chronic Medical Condition and No Health Insurance

A remedy is available for a man without medical insurance who has a serious medical condition that prevents him working. Many people with medical conditions seek debt relief through a Chapter 13 bankruptcy plan, with the option of converting that to a Chapter 7 bankruptcy later, if medical bills become overwhelming while the plan is […]

Foreclosure, Second Mortgage, and Bankruptcy

When foreclosure of a house is a threat, many homeowners seek debt relief through bankruptcy. A fairly common theme in this type of situation is the presence of a second mortgage. Another common aspect in this scenario is that homeowners are unaware of the second mortgage on their home. How does this happen? We recently […]

Auto Loans and Bankruptcy: How to Avoid Repossession of Your Vehicle

Are you behind in your monthly car or truck payments to the point where you are unable to satisfy your bank or financial institution and they’ve placed the loan in default? If you answered “Yes,” there may be a way out of your tough situation. If you’re having financial troubles and are desperate to avoid […]

Tax Returns, the Affordable Care Act (Obamacare), and Bankruptcy

We recently interviewed Christopher Holmes and Jess M. Smith, III, the senior partners at Tom Scott & Associates, P.C. Below is Part 3 of that interview, which focuses on filing your taxes in relation to when you file for bankruptcy, as well as how a subsidize premium for health insurance purchased through the Healthcare.gov website […]

An Experienced Bankruptcy Attorney Can Help You Keep Your Personal Property

We recently interviewed Christopher Holmes and Jess M. Smith, III, the senior partners at Tom Scott & Associates, P.C. Below is Part 2 of that interview, which focuses on keeping your property when you file for bankruptcy, as well as the benefits of a bankruptcy attorney who has other types of legal experience. Q: What […]

Debtor Obligated to Disclose Assets Acquired During Life of Bankruptcy Plan

#8 of 8 in Series — Previous Article #7: Additional Bankruptcy Cases to Consider Regarding Estate Property In the end, we take the conservative approach and believe that the debtor has an ongoing duty to disclose any significant assets that are acquired during the life of the plan, including causes of action, inheritance, increases in […]

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Stop the Stress and Regain Your Life!

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*Disclosure required by 11 U.S.C. § 528(a)(3): We, the law office of Tom Scott & Associates, P.C., are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.