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Franklin Debt Relief, LLC is a member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.
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Credit Card Debt Consolidation Help in Indiana Call Today: (877) 274-1260 |
Start here for debt help! |
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Indiana Debt Relief Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. In most circumstances, Franklin Debt Relief drastically reduces the monthly payment of our Indiana clients, and we settle their debts for between 40 and 50% of what is owed. The savings from our debt settlement program are tremendous, and it is the cheapest and fastest debt relief, debt consolidation or debt help option available to consumers throughout Indiana.If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260. Pertinent Indiana Debt Relief and Debt Help Laws (This is intended to be a helpful and informational debt resource for Indiana consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Indiana.)Debt Collection Indiana (IN) follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection. -Maximum Interest Rate a Collection Agency Can Charge in Indiana: 8% Indiana Wage Protection: 75% of weekly disposable weekly earnings, or 30 times the federal minimum wage Statute of Limitations A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in Texas but currently live in Indiana, the applicable statutes of limitations would be Texas'.) Oral Agreements: 6 years Written Contracts: 10 years Promissory Notes: 10 years Open Accounts (credit cards): 6 years Bankruptcy Courts United States Bankruptcy Court Northern District of Indiana E. Ross Adair Federal Building and United States Courthouse 1300 South Harrison Street Fort Wayne, Indiana 46802 United States Bankruptcy Court Northern District of Indiana Robert K. Rodibaugh 401 South Michigan Street South Bend, Indiana 46601 United States Bankruptcy Court Northern District of Indiana Charles A. Halleck Federal Building 230 North Fourth Street Lafayette, Indiana 47901 United States Bankruptcy Court Northern District of Indiana 5400 Federal Plaza (Corner of Hohman Avenue and Douglas Street - across from St. Margaret's Hospital) Hammond, Indiana 46320 Indianapolis Division 116 U.S. Courthouse 46 E. Ohio St. Indianapolis, In. 46204 New Albany Division 110 U.S. Courthouse 121 West Spring Street New Albany, IN 47150 Evansville Division 352 Federal Bldg. 101 Northwest Martin L. King Boulevard Evansville, IN 47708 Federal Building 30 N. 7th Street Terre Haute, IN 47808 Bankruptcy Exemptions Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Indiana. For more information, follow this link: bankruptcy exemptions. Also, Indiana is a tenancy by the entirety state. Click here to learn about what this means if you have debt that's in only one spouse's name. Real Estate, Auto, Personal Property -Real or personal property as residence to $7,500 -$4000 of any tangible personal property and real estate, but homestead exemption plus this exemption cannot exceed $10,000 -Health aids -Money in medical care savings account -Spendthrift trusts -$100 of any intangible personal property, except money owed to you Insurance -Employer's life insurance policy on employee -Fraternal benefit society benefits -Group life insurance -Life insurance policy, proceeds, cash value, or avails if beneficiary is insured's spouse or dependent -Life insurance proceeds if clause prohibits proceeds to be used to pay beneficiary's creditors -Mutual life or accident proceeds Public Benefits -Crime victims' compensation, unless seeking to discharge the debts for which the victim was compensated -Unemployment compensation -Workers' compensation Pensions -Firefighters, police officers -Public employees -Public or private retirement benefits and contributions -Sheriffs -State teachers Tools of Trade -National Guard uniforms, arms, and equipment |
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