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Archives for February 2014

Disqualification: Overview of Bankruptcy – Chapter 13 and Why to File, Part 1

February 27, 2014 By TomScottLaw

Series: #6 0f 13 In our previous article, we took an overview of Chapter 7 bankruptcy, and how it is handled in Indiana, an “opt out” state where residents take exemptions found under state law. In this installment, we will discuss why a debtor may not be eligible to file for a Chapter 7. Future […]

Filed Under: Chapter 13, Personal Bankruptcy in Indiana Tagged With: debt adjustment, means test, reorganization

Chapter 7 Overview: Deciding on Which Bankruptcy to File

February 5, 2014 By TomScottLaw

Series: #5 of 13 As briefly mentioned in our previous article, “Initial Interview: Chapters 7 and 13 Bankruptcies – Deciding Which Chapter to File,” the goal of bankruptcy (regardless of the chapter) is to attempt to get some money for the general unsecured creditors in exchange for certain debts being discharged. The difference between a […]

Filed Under: Chapter 13, Chapter 7 Tagged With: liquidation, reorganization, unsecured creditors

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