I try to make holidays special for my children, and if I can squeeze in a little bit of a history lesson around each American holiday, I give that a try. When it comes to Tax Freedom Day, though, I'm not sure they "get it", at least not yet. But, for me as a bankruptcy attorney in
Indiana, I do get the concept of
Tax Freedom Day, which marks the point at which the average American stops working to pay federal, state, and local taxes and starts working to pay all the other bills for self and family.
As a debt consolidation lawyer offering all sorts of bankruptcy information in Indiana, I know Tax Freedom Day has been getting later and later. Who's measuring that? An organization called the Tax Foundation, which also calculates Deficit Day, the day when the federal government runs out of tax revenue and begins to use borrowed money. (That one's getting earlier and earlier, needless to say!).
My interest in all this, of course, is in providing Indiana bankruptcy help, along with the Indianapolis, Bloomington, Anderson, and Columbus bankruptcy lawyers who work in the various Zuckerberg bankruptcy law offices around the state. The Tax Foundation reported that Indiana's Tax Freedom Day last year was April 8, with Hoosiers working, as a group, the first 98 days of the year to get all the taxes paid.
Since I often find myself explaining what bankruptcy can and can't do when it comes to tax debt, let me share with you what kinds of taxes Indiana residents actually pay, from biggest to smallest:
Individual income taxes 38 days' work
Payroll taxes 27 days' work
Sales and excise taxes 15 days' work
Corporate income taxes 6 days' work
Property taxes 12 days' work
Miscellaneous (motor vehicle licenses,
severance, estate taxes) 4 days' work
All statistics aside, I've devoted my career to offering Indiana bankruptcy help, student loan debt help, payday loan debt help, and help stopping foreclosure, I'm really interested in a different kind of Freedom Day. I'm looking forward to wishing each of my Indiana clients and bankruptcy blog readers "Happy DEBT Freedom Day!
assets than the old laws were.)
the auto manufacturing in particular.
answering. However, I need to start by pointing out that there's one word in this blog reader's question that no debtor should even think about, and that word is "hide". When 
statistics, the job stimulus programs, the expansions, the closings, the hiring, and the layoffs. 
bankruptcy. As a bankruptcy lawyer in Indiana, I can tell you that the other thing not to do if you don’t want to be the victim of a “lookback” is to take cash advances totaling $750 or more from any one credit card in the 70 days leading up to your bankruptcy filing.
involved in helping people with
decided to devote today’s blog post to bill collectors and how to best deal with them. As I’ve explained in many prior blog posts, bankruptcy itself provides instant relief from harassment by bill collectors. But even during the days, months (and sometimes years) that go by until people make the big decision to actually file bankruptcy, knowing how to react to the collection process can make matters a lot less unpleasant.
“lookback” on assets in bankruptcy.
written a paper on the subject, called
financial start available through the new bankruptcy laws in Indiana.
As an Indiana lawyer for bankruptcy these many years, I offer bankruptcy services and bankruptcy information in Indiana only, so I was curious to verify if those 2009 statistics are consistent with what happened in our state.
Should you end up reading the book yourself, you’ll find lots of valuable information. But, as an Indianapolis bankruptcy attorney and debt consolidation lawyer, I believe there’s one point discussed in Warren and Tyagi’s book that needs clarifying:
of the bankruptcy law offices of Mark Zuckerberg seeking Indiana bankruptcy information about debts pertaining to small business bankruptcy and business lines of credit. In one case, the line of credit was being "pulled" by the lender; in the second, the business owner was behind on repayments.
There's no question bankruptcy is legal - in fact, the bankruptcy court system in the United States and the
Usually, in these blogs, when I talk about tax, I'm referring to federal income taxes. As a debt consolidation lawyer, I'm explaining that only certain types of tax debt can be discharged in bankruptcy in Indiana. Today, though, I want to share an interesting article by Dan Carpenter in the Indianapolis Star, having to do with
My Indiana bankruptcy clients who need to show income in order to qualify for a Chapter 13 bankruptcy debt repayment plan may not be helped by jobs coming later this year or into the next calendar year. Still, as I continue to provide bankruptcy information in Indiana, it’s important for me to keep my blog readers and clients up to date on the job markets in our state.

