Bankruptcy Indiana

Sometimes, as I’m reading up on the news so that I can keep Bankruptcy in Indiana readers up-to-date on everything happening that might affect them, I come across an unusual item that helps me explain a not-so-unusual point.  Today I’ve got a news story about a rocket to pass along. This story answers the one question that’s on the mind of every person when they’re considering filing personal bankruptcy in Indiana:  What will life be like after bankruptcy?

Near the equator is an ocean platform.  A company named Sea Launch, less than two weeks ago, launched a 20-story rocket off that platform, carrying a 10,000 pound tele-communications satellite into orbit.

Why do I, as a debt consolidation lawyer offering bankruptcy services in Indiana (well north of the equator), take an interest in this rocket launch? It’s because this big Sea Launch triumph was achieved by a company that only recently emerged from Chapter 11 bankruptcy!

“There are new owners and renewed hopes here at Sea Launch,” said the company’s VP of sales and marketing, emphasizing that “this being the first launch since restructuring, is very important”

Every small business owner can take inspiration from this story, because after 25 years helping thousands file small business bankruptcy in Indiana, I know owners have a hard time envisioning what their business life might look like after the fact. For that very reason, all of the good bankruptcy attorneys in Indiana who work in the Zuckerberg bankruptcy law offices are fond of collecting stories about the many, many corporations that successfully emerged from bankruptcy.

The bankruptcy laws of Indiana are also meant to help individuals rebuild their financial lives after bankruptcy. In working with personal bankruptcy in Indiana, it sometimes helps for clients to know stories of celebrity sports figures who successful emerged from bankruptcy. While one aspect of my work is using bankruptcy to help stop foreclosure, often clients want to know how soon after filing under chapter 13 bankruptcy law in Indiana they would be able to qualify for a home loan if they needed to move for job-related reasons. As my Columbus bankruptcy lawyer colleagues would be quick to respond, beginning two years after your bankruptcy, you most likely would qualify for a home loan on the same terms as other borrowers.

The point of my story today – bankruptcy offers the chance for a brand new relationship with money – almost like a “launch”!