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Bankruptcy Attorneys in Indianapolis Since 1980

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nondischargeable debt

How Bankruptcy Affects Student Loan Debt and Car Loan Interest Rates

May 15, 2017 By TomScottLaw

How Bankruptcy Affects Car Loan Interest Rates

As a result of the recent rise of the prime rate, vehicle loans included in Chapter 13 bankruptcy plans can have a higher interest rate than in the past few years. Despite the resurgent economy, single mothers are still vulnerable to financial difficulties. Student loans cannot be eliminated by filing for bankruptcy, but one of […]

Filed Under: Chapter 13, Misperceptions, Non-Dischargable Debt, Student Loans, Vehicles, Wage Garnishment Tagged With: Administrative Garnishment, Final Order in Garnishment, Motion for Proceedings Supplemental to Judgment, nondischargeable debt, Pro Rata Distribution

Bankruptcy and Personal Injury Claims / Modifying a Chapter 13 Plan / Joint and Several Liability

February 5, 2017 By TomScottLaw

Bankruptcy and Personal Injury Claims

If you have a pending personal injury claim when you file for Chapter 7 bankruptcy, you relinquish to your trustee all control of the settlement of the case, but you retain some control with a Chapter 13 bankruptcy. In rare Chapter 13 cases, the cram-down method of reducing debt for an automobile can be used […]

Filed Under: Chapter 13, Chapter 7, Marriage & Divorce, Mortgage, Non-Dischargable Debt, Trustee, Vehicles Tagged With: Deficiency Balance, Joint and Several Liability, nondischargeable debt, Rash Decision, Wholly-unsecured Second Mortgage

Differences Between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy

June 7, 2016 By TomScottLaw

The primary difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy is that a Chapter 7 bankruptcy can eliminate debt in a period of three to four months compared to the three to five years it takes to complete a Chapter 13 plan. Under certain circumstances, a Chapter 13 bankruptcy can be converted […]

Filed Under: Chapter 13, Chapter 7, Credit Score, Taxes Tagged With: credit report, credit score, nondischargeable debt, student loan, umbrella

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SOUTH INDIANAPOLIS OFFICE
4036 Madison Ave.
Indianapolis, IN 46227
Phone: 317-786-6113

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EAST INDIANAPOLIS OFFICE
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Indianapolis, IN 46219
Phone: 317-870-3232

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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.

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