Discover how to protect your home during bankruptcy. Learn the exemptions, mechanisms, steps to safeguard your house, and the financial advisor’s role.

Sometimes taxes cost more to collect than the revenue they generate. Back in 2015, the Indiana General Assembly recognized one example. Back then, all businesses were required to file forms ...

When filing for bankruptcy, it is best to over-disclose to avoid the risk of unintentionally hiding assets. Assets that require disclosure fall into three main categories: personal property, real ...

A homestead exemption protects the value of a home from property taxes and creditors after the death of a homeowner’s spouse.

Property exemptions Your primary residence could be exempt when filing for bankruptcy if its equity is below the exemption limit. You can protect $27,900 of equity in your home under federal ...

Unlike student loans and tax debts, personal loans from friends, family, and employers fall under common categories of debt that can be discharged in the case of bankruptcy.

The goal of declaring bankruptcy varies, but usually involves the dissolution of burdensome unsecured debt (as in Chapter 7 bankruptcy) or debt restructuring or repayment (as in Chapter 11 or ...

LSA’s fiscal note estimates that business personal property owners will pay an extra $130 million, mostly because the exemption was cancelled.