Perez & Perez Bankruptcy

Posts Tagged ‘debt consolidation’

Saving Money On Your Car Loan Through Redemption

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What is Bankruptcy Redemption? Redemption is authorized by Section 722 of the Bankruptcy Code. Redemption allows someone in Chapter 7 to keep personal property by paying the creditor the Fair Market Value of the item rather than the amount owed on the loan.   It is most commonly used for cars. For example, say your car is…

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Benefits of Chapter 13 Bankruptcy

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Chapter 13 Bankruptcy is a repayment plan, overseen by the Court, to help you deal with your debts. A Chapter 13 Bankruptcy usually lasts between 3 and 5 years and allows debtors to reorganize their debts. Benefits of Chapter 13 Bankruptcy Chapter 7 Bankruptcy is the more common type of bankruptcy filed by individual consumers. It is popular because…

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Tax Refunds and Bankruptcy

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  It is officially tax refund season! If you normally get a tax refund and have filed or are considering bankruptcy chapter 7, there are a number of issues to be aware of.  Tax Refunds can be Assets in Chapter 7 Bankruptcy Your tax refund is money the government owes to you.  In Indiana, we have limited exemptions for…

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How to Manage Your Debt

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Most of us have carried some form of debt at one time or another, be it a student loan, mortgage or credit card.   But no matter what your income level is, if you don’t manage your monthly budget, your debt can quickly spiral out of control. Ideally, borrowing just what you need and making timely…

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5 Tips For Credit Card Debt Relief

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If you feel that your credit card debt has grown too large, you can take steps to reduce it. There are several relief options, but all have the same goal: to help you pay back what you owe in more manageable amounts. At Perez & Perez, we can answer your questions about each option. Balance Transfers You’ll need a…

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Tips for Credit Consolidation

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Credit consolidation involves combining all of your debt into one loan, giving you one monthly payment instead of several spread out throughout the month. First, consider whether debt consolidation is right for you and your particular situation. The lawyers at the law firm of Perez & Perez of Indianapolis, IN, only practice bankruptcy law. However,…

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What Personal Bankruptcy Can and Cannot Do

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  Personal bankruptcy can be a good option for people with specific needs, but it can only do so much. Sometimes people are under the impression that bankruptcy can provide more help than it truly does. While it can be disheartening, it is good to have a reality check. Here at Perez & Perez, we can help prepare…

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Looking For A Bankruptcy Attorney in Indianapolis, IN?

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  Do you break out into a sweat every time the phone rings? Is there a large stack of intimidating papers growing on your tables and desks? Is your food pantry becoming more and more empty? We know these concerns can be worrying and even frightening. But you don’t have to remain under the dark…

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Declaring Bankruptcy: Indianapolis, IN

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  No! The phone again. You swear no one calls you except bill collectors. In fact, since the divorce, that may actually be true. Also, you feel pitiful having to buy dog food with a credit card. You walk toward the phone, but you hesitate when the mountain of mail comes into view (although you…

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