Mike Norris Law Offices

mike@mikenorrislaw.com

(317) 266-8888

4000 W 106th Street; Carmel, IN 46032

3803 W 96th Street; Indianapolis, IN 46268

Mike Norris

Mike Norris has been practicing law for over 40 years. He is a former professor of Real Estate and Business Law at the University of Colorado, and has dedicated his life to helping people. The mission of the attorneys and staff at Mike Norris and Associates in Indianapolis, Indiana is primarily to provide legal and financial solutions for the financial difficulties of our clients. We deliver effective legal services by educating the client about his/her choices.

Combining educational materials with sound financial counsel, we assist our clients in formulating financial workouts, such as defense of lawsuits in state and federal courts, bankruptcy, debt settlement, mortgage renegotiation (commercial or residential), and foreclosure defense. We hope that a firm understanding of financial management strategies will help give all of our clients a bright financial

future.

Credit card debt, ballooning mortgage payments, health care costs and many other burdens have left the average family and small businessman facing foreclosure by banks and constant harassment from other creditors. In the 36 years spent running my own business, I’ve learned that solutions aren’t always easy–but they can be found.

I have been working with Mike for a while now on an extremely complex student loan bankruptcy case. I find him to be very efficient and effective. So far he has cleared nearly 80k off my student loans. He is professional and caring. Speaking specifically about the field of student loan bankruptcy, there are not […]

Matt

Mike Norris has helped me through some difficult times. I found his advice very caring and professional. He is more than competent he is the top of the line in Attorneys.

George E

Efficiency, competency and professionalism are a rare find in any business; add compassion and you get the best possible combination of traits. Highly recommended from a friend, and now I have the honour of forwarding that recommendation to others.

Freda J C

Is bankruptcy necessary?

It may not be. The best option if you are considering this legal process is to have a complete analysis of your current financial circumstances – and then take the action best for you. We will spend the time necessary to evaluate your situation and to make our professional recommendations.

In bankruptcy, when are payment plans under Chapter 13 required?

Payment plans are required in bankruptcy if your income is too high, or you seek to keep too much equity in assets. Generally, the more members of your household, the easier it is to qualify for a chapter 7 (no payment plan) bankruptcy.

How long do bankruptcy payment plans in Chapter 13 run?

Normally a Chapter 13 payment plan runs for 5 years. This can change depending on various factors.

Can I get a correction on my credit report?

Yes. The federal Fair Credit Reporting Act requires credit bureaus to investigate alleged errors. If the information is indeed wrong, the credit bureau must correct it. If there is incorrect information on your credit report, it can hurt your ability to borrow money, purchase a car, or finance a mortgage. Our law office can guide […]

What is debt settlement?

Debt settlement is becoming more and more popular as an alternative to bankruptcy. It is simply the process of negotiating to pay off debt, normally for a lesser amount than was previously owed, and paying the negotiated balance within sixty to ninety days. Debt Settlement has certain problems attached to it which must be known: […]

Who is the best candidate for debt settlement?

A small business or individual with $30,000 or more of unsecured debt, who has a 401k plan, an inheritance, or a lump sum distribution. Usually, approximately 60% of the debt amount must be set aside in escrow, to settle debt when agreement is reached with the creditor.

Why do I need at attorney? Why can’t I do it myself?

Most of the time creditors will not negotiate with individuals, or debt settlement companies. They will ask an attorney for a “power of attorney.” An attorney locks in the terms, so that the creditor cannot change them, and try to collect more interest or fees later. An attorney can also protect you in the event […]

What happens if there’s a lawsuit?

Usually the communication with the creditor begins early enough that a lawsuit is avoided.

How long does it take to settle all the debt?

Most of the time a creditor will not begin negotiating until debt is 6 months past due. In most cases debt settlement is usually completed as soon as terms are reasonable.

Am I taxed on the money saved?

There could be tax due on money saved. Your accountant can see if you are exempt from taxes under IRS Insolvency Rules, Publication 4681.

What are the risks?

There is a risk of a lawsuit occurring before the debt is settled, which is usually avoided by using a local attorney. One’s credit score could decline as negotiations are taking place, as penalty interest and fees are assessed.

How can I learn more?

For more information or to set up a consultation, contact the Law Offices of Mike Norris at (317) 266-8888 or email Mike at mike@mikenorrislaw.com.

Why should I hire Mike Norris and Associates?

Mike Norris has been practicing law for 36 years, and has a wide variety of experience in legal and financial matters. We at Mike Norris and Associates care about solving your financial and legal difficulties, and we know how to help. Continue to browse our website for timely information: real information for real people with […]

mike@mikenorrislaw.com

(317) 266-8888

4000 W 106th Street; Carmel, IN 46032

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