What do I do in bankruptcy if my house or car is worth less than what I owe?

Redeem, Reaffirm or Cram Down the value to keep your secured property. Often clients will ask me what the can do to keep their car or house in bankruptcy when there is a secured loan.  Often, the loan on the home or car is a big part of the financial difficulties that my clients are experiencing.  Many people want to keep ...

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Should Retirement Money Be Used To Pay Off Debt Before Filing Bankruptcy?

Bankruptcy Should Come Before Using Retirement Money Or You Are Likely Costing Yourself Money Over the years, I have yet to meet someone who spent money, incurred debt or owed a medical debt with the goal of filing bankruptcy.  Time and time again, I find that people want to avoid bankruptcy and, in the process, make the m...

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Lawsuit Against The State of Indiana

On occasion, Wischmeyer Law Office will receive an inquiry about a lawsuit against the State of Indiana for negligence.  All too often, I am unable to assist the potential client because of limits that exist in the State of Indiana for negligence lawsuits.  Still, if I am called early enough in the process there is a chance of rec...

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I Owe More Than My House is Worth

I OWE MORE THAN MY HO-- USE IS WORTH AND I AM WAITING ON THE BANK TO THREATEN FORECLOSURE --- WHAT CAN A HOMEOWNER DO? The United States is going through one of the worst recessions since the Great Depression. Bankruptcy filings have increased, unemployment is high and home values have decreased exponentially since ...

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First Meeting With Attorney for Will and Power of Attorney

  Meeting with an attorney discuss estate planning and disability planning can be emotional.  I have had clients break down crying at the fear of death or an inability to make their decisions even though both are likely years and years away.  Still, having a Will, Durable Power of Attorney and Health Care Power of Attorney ar...

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Why Should My Company Retain Corporate Counsel?

     Corporations, Limited Liability Companies (LLCs) and sole proprietorship companies are sometimes big and sometimes small.    No matter the size, having an established relationship with an attorney can have significant and wide spread benefits.  Many times, I have found that a new company cl...

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What is an Estate Plan?

Death is not a fun topic.  Becoming disabled or incompetent to make your own decisions is not a fun topic.  Unfortunately, death is inevitable and disability and/or incompetency become more common as people age.  Clients call Wischmeyer Law Office when it is time to discuss these difficult topics and make sure that their affairs a...

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How to Wind Up Company

How do I close a company in Indiana? I have had a number of clients and referrals from other attorneys that have found that their company, whether it be a C-Corporation, S-Corporation, Professional Corporation or Limited Liability Company (LLC), is no longer viable.  Some clients have decided that it is better to w...

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Chapter 13 Bankruptcy Basics

Thousands of Americans today have steady monthly income and are able to pay their daily living expenses, but can’t keep up with the scheduled payments on their debts. Many of us are facing foreclosures, but have significant equity in our homes that we would like to keep.  One of possible solutions for these problems may be filing ...

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Chapter 7 Bankruptcy Basics

Due to the difficult economic times millions of individuals, married couples and businesses today are facing financial crisis, followed by debt, collection calls, and threats of garnishments and repossessions.  Many Americans never thought they would ever have to consider bankruptcy as a w...

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