News

Relief from Automatic Stay in Bankruptcy

One of the most purposeful and effective tools in bankruptcy is the “automatic stay.”  When a debtor files for bankruptcy, the “automatic stay”, codified in 11 U.S.C. § 362, operates to “stay” any collection or assessment efforts of creditors against the Debtor.  For example, if a debtor was facing a […]

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Tax Differences Between LLCs and Corporations

If you are thinking of forming a new business, an important question to consider is how you want that business to be structured.  In Indiana, there are many types of business entities, including sole proprietorships, partnerships, limited partnerships, limited liability companies (LLCs), and corporations.  Most businesses these days are structured […]

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various blank USA tax forms

IRS Tax Credits for Schooling

If you, your spouse, or child is a student, you could qualify for the American Opportunity Tax Credit or the Lifetime Learning Credit.  Even if you qualify for both credits, you can only claim one per student in a tax year. The American Opportunity Tax Credit can be taken for […]

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Indiana Law and Cohabitation

What happens in the case where an unmarried couple that lives together ultimately breaks up where one party pays the majority of expenses?  Can the party paying those expenses recover from their former partner?  Indiana does not recognize common law marriage between parties who live together; however, Indiana does recognize […]

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