Living in Greenfield, Indiana
Greenfield, Indiana is a growing city of about 23,000 people in Hancock County that sits 25 miles east of Indianapolis. The city is a historic travel stop along the St. Louis Railroad line and National Road U.S. Route 40, which forged an early connection to cities like Pittsburgh, Cincinnati, and Chicago.
In the late 1880s, Greenfield was a boomtown for manufacturing, industry growth, and the discovery of natural gas. Over the next 100 years, Greenfield continued a long period of economic expansion and population growth, which has only intensified in the past 30 years. The city’s population went from 14,600 to 23,000 just since the year 2000.
Greenfield is attractive to families who desire the atmosphere of an old-fashioned American town with all the amenities of a modern small city. You can take a stroll through the downtown historic district and still be two miles from a large Wal-mart shopping center. Greenfield is surrounded by tree-filled parks and has many local employers, with Indianapolis as a straight shot west on Interstate 70.
About Bankruptcy in Greenfield, Indiana
Compared to the rest of the nation, Greenfield is an affordable place to live with lower mortgages and rents than average. Of course, that’s no guarantee that you’ll be financially stable while living in Greenfield. Jobs can be hard to find unless you’re looking for something in fields that are hiring, like warehousing, food service, and retail. COVID-19 has also created widespread permanent job loss in Indiana, according to economists.
Anyone in Greenfield can easily find themselves struggling to make car payments or mortgage payments. If you run a small business, this could be a difficult time when it’s hard to make payroll. And what if you get sick and have huge medical bills?
The #1 cause of bankruptcy across the nation is medical debt. Other common causes include job loss, divorce, property damage, and other unexpected crises that shake up your life and prevent you from paying your bills on time. Could you handle months or years of financial disarray?
Many Greenfield residents file for bankruptcy to get a fresh start on their finances after something has disrupted their ability to pay monthly bills. A bankruptcy attorney helps you understand your options and make choices that will stabilize your life.
Many people in Greenfield opt for Chapter 7 bankruptcy if they qualify. Chapter 7 bankruptcy is the most popular choice in the U.S. because it quickly liquidates all of your non-exempt property and is usually finalized quickly within a period of 3 to 6 months.
Chapter 13 requires a longer timeframe of 3 to 5 years, but it can also allow you to keep your good name with your creditors as you recover financially. Greenfield homeowners and business owners sometimes choose Chapter 13 and use exemptions along with it. Your bankruptcy attorney can advise you on whether this is a good choice in your situation.
Nationwide and Local Bankruptcy Statistics
NATIONWIDE
Over a 12-month period, the total number of new bankruptcy filings fell. They will likely rise soon due to the COVID-19 crisis. Any change in the U.S. economy or healthcare situation could contribute to changes that impact future bankruptcy filings.
U.S. Chapter 7 Filings
2016: 523,394
2017: 488,417
2018: 480,933
2019: 477,417
U.S. Chapter 13 Filings
2016: 302,193
2017: 298,348
2018: 290,566
2019: 288,039
INDIANA
Looking at the number of bankruptcy filings, Indiana’s number of Chapter 7 filings has dropped in recent years, while Chapter 13 filings have risen.
Indiana Chapter 7 Filings
2015: 7885
2016: 7168
2017: 6947
2018: 6853
2019: 6632
Indiana Chapter 13 Filings
2015: 3043
2016: 3015
2017: 2857
2018: 3030
2019: 3105
HANCOCK COUNTY
Hancock county includes the city of Greenfield.
Chapter 7 Filings
- 2015: 188
- 2016: 151
- 2017: 168
- 2018: 165
- 2019: 181
Chapter 13 Filings
- 2015: 87
- 2016: 96
- 2017: 89
- 2018: 88
- 2019: 88
Your Greenfield, Indiana Bankruptcy Courthouse Location
In Greenfield, you must file for bankruptcy through the United States Bankruptcy Court for Hancock County. Please use the information below.
Birch Bayh Federal Building and the United States Courthouse
116 US Courthouse
46 East Ohio Street
Indianapolis, IN 46204
Counties Served:
Bartholomew, Boone, Brown, Clinton, Decatur, Delaware, Fayette, Fountain, Greenfield, Hamilton, Hancock, Hendricks, Henry, Howard, Johnson, Madison, Marion, Monroe, Montgomery, Morgan, Randolph, Rush, Shelby, Tipton, Union, and Wayne.
Sawin & Shea – Greenfield, Indiana Bankruptcy Attorneys
Filing for bankruptcy is not the end. It’s the beginning of a new financial life for you. The Greenfield, Indiana bankruptcy attorneys at Sawin & Shea can help you get rid of the overwhelming debt and advise you on life after bankruptcy. We are here for you during this life-changing process. Please do not hesitate to call us today at 317-759-1483 or send an email for a free consultation. We are ready to help.
