Bankruptcy Indiana

Even the best bankruptcy lawyer in Indiana gets frustrated working to help stop foreclosure.  Oh, as a longtime debt consolidation lawyer, I understand the problems.  Every day at one of the Zuckerberg bankruptcy law offices, we’re sure to hear one or more versions of the old story:

• You have an ARM mortgage about to reset at a rate you can’t possibly afford.
  
• You were told your mortgage can’t be modified because you have lender-paid private mortgage insurance.
  
• Your lender lost your paperwork and you have to start from scratch.

So, can an experienced lawyer for bankruptcy in Indiana help stop foreclosure? Yes. Oh yes!

In earlier Bankruptcy in Indiana articles, I used stories about celebrities who went through foreclosure to illustrate some important points about the process.  It’s very rare in my own work as an Indianapolis bankruptcy attorney for me to deal with celebrities, but I can use national news stories about foreclosure to provide Indiana bankruptcy information and explanations of how the process works. 

Back in 2010, for example, I was writing about actor Nicholas Cage, who went through three foreclosures because he owned back taxes and penalties.

As my colleague the bankruptcy lawyer in Columbus  always reminds her clients, foreclosure and bankruptcy are two separate legal processes, but both play a role in debt situations. A recent news story brings out this point very well.  Foreclosure papers were filed against “Rush Hour” star Chris Tucker, after the IRS imposed a lien on the home in Florida to collect back taxes.

Bankruptcy cannot discharge taxes or mortgage arrears.  These are two realities that even multimillionaires like Cage and Tucker must face.  In our practice of Indiana bankruptcy law, we must get our clients to face the fact that the IRS can put a lien on their property, including the money in their bank account, and can also garnish their wages.

If all that is true, then why do I say “Yes,. Oh, Yes!” when referring to my practice as an Indiana bankruptcy attorney? Because we can help.  We analyze your situation, have skilled appraisals run on your property, and become your legal negotiators with the mortgage company, the bankruptcy court, and even the IRS.  The result is a plan. Your circumstances may be far from ideal, but plan beats no-plan any day!