Indiana bankruptcy exemptions protect property necessary to maintain a home and employment, including some home and vehicle equity, a retirement account, and household items. Learn how to use bankruptcy exemptions in Chapters 7 and 13.
Whether a Chapter 7 discharge will erase unlisted debt will depend on whether the Chapter 7 bankruptcy trustee distributes money to your creditors and the discharge rules where you file the case.
Most states let you protect or “exempt” some equity in your car, van, truck, or motorcycle using the motor vehicle exemption. You can keep the car in Chapter 7 bankruptcy if you can exempt its equity and meet other requirements.
A Chapter 7 bankruptcy "discharges" or eliminates eligible debts you owe when filing your bankruptcy petition. Learn why you'll remain responsible for obligations incurred after filing.
Learn why you should contact a bankruptcy attorney to file a motion to avoid the lien if it remains after bankruptcy. This legal motion requests that a judge formally remove the lien on the property.
Payday loans, cash advances, check advances, or paycheck advances are short-term loans offered at a high interest rate. Learn when it's possible to eliminate payday loans in bankruptcy.
Learn why it would be unusual to benefit from a Chapter 7 filing if your only income source is Social Security and why qualifying for Chapter 13 would be difficult.
Find out what happens to a timeshare mortgage and related debts in bankruptcy and why it will depend on the timeshare type, its value, and whether you file for Chapter 7 or Chapter 13 bankruptcy.
You can keep two cars in Chapter 13 bankruptcy, but you'll need to be able to afford the required payment, which could be high. Learn the steps you can take to make a Chapter 13 payment more affordable.
Learn about the documents you should bring to your 341 hearing, what you'll turn over before, and the documents you might be asked to provide the trustee afterward.