Our Bankruptcy Blog

Will foreclosure hurt my credit?

When you fall behind on bills, it sets off a domino effect of debt problems. One of the biggest problems can be missing mortgage payments on your house, which can eventually result in foreclosure. If you’re asking yourself whether foreclosure will hurt my credit, the answer is almost certainly “yes.” A foreclosure is a serious negative credit event, which not only lowers your credit score now but can prevent you from qualifying for new loans and credit cards for years into the future. [...]

How to find an affordable bankruptcy lawyer

Searching for an affordable bankruptcy lawyer online can feel like a daunting task when you have almost no money. It can even be embarrassing to call various law firms, find out about their services, and then ask about costs. Your heart sinks when you realize that the attorney fees are far beyond what you’re able to pay. You can have a different experience with attorney Jerry E. Smith. Providing you with hope, help and peace of mind is our goal. We know that this is a very stressful tim [...]

How long does bankruptcy stay on your credit report?

When debt becomes overwhelming and you’re considering your options about what to do next, bankruptcy may be a solution. But you could be asking yourself, “how long does bankruptcy stay on your credit report?” It is true that bankruptcy will significantly impact and lower your credit score. How great the drop in your score could be depends on several factors. The important thing to keep in mind is that completing a bankruptcy gives you a fresh start, which means you can begin rebuilding [...]

Statute of Limitations on Debt in Indiana

The statute of limitations on debt in Indiana varies, depending on the kind of debt it is. For example, car loan debt has a 4-year statute of limitations, whereas state tax debt has a 10-year statute of limitations. Many other debts have a 6-year statute of limitations in Indiana. A “statute of limitations” refers to the amount of time a creditor has to file a lawsuit to collect an unpaid debt. Even though the statute of limitations on a debt has passed, you should still proceed cautio [...]