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Indianapolis bankruptcy law firm handling Chapter 7 and Chapter 13 filings for Indiana individuals and couples. Free consultations; $0 down Chapter 13 available.
Data compiled from public sources
Jackson & Oglesby Law LLC is a consumer bankruptcy law firm based in Indianapolis, Indiana, founded around 2010 and BBB-accredited since January 6, 2012. The firm is led by partners Michael Jackson and Dana Oglesby, who bring a combined 30+ years of legal experience exclusively in consumer bankruptcy. Operating from four office locations across central Indiana — two in Indianapolis, one in Greenwood, and one in Muncie — the firm serves individuals and married couples throughout the region who are facing unmanageable personal debt.
The firm handles only two practice areas: Chapter 7 bankruptcy, which allows qualified filers to discharge most unsecured debts through a liquidation process, and Chapter 13 bankruptcy, which establishes a court-supervised repayment plan typically lasting three to five years. Jackson & Oglesby offers free initial consultations to all prospective clients. For Chapter 7, the firm advertises competitive attorney fees, while Chapter 13 filings are available with $0 down for qualified individuals — a meaningful access point for clients who cannot afford upfront legal costs. Flexible payment arrangements are available, though specific dollar amounts are not published on their website.
What distinguishes Jackson & Oglesby is its deliberate focus: this is not a general law firm that handles bankruptcy as one of many practice areas. Every attorney, every staff member, and every process is oriented around consumer bankruptcy specifically. The firm holds membership in the National Association of Consumer Bankruptcy Attorneys (NACBA), the Indiana State Bar Association, the Indianapolis Bar Association, and the Kentucky Bar Association (Dana Oglesby is also licensed in Kentucky). Client reviews on Google (5.0/5 from 64 reviews) and Trustindex (5-star from 49+ reviews) consistently highlight staff responsiveness and compassionate handling of what are often stressful, emotionally difficult situations.
For Indiana residents who have already determined that bankruptcy is their best path forward, Jackson & Oglesby presents a credible, accessible option with a listed track record. The firm's main limitations are geographic (Indiana filers only) and scope-related: they do not offer debt settlement, debt negotiation, credit counseling, or credit repair services. Clients seeking alternatives to bankruptcy — such as debt management plans or settlement negotiations — would need to look elsewhere. Exact fee information is not available online, requiring a consultation to get real cost details.
When evaluating debt relief companies, consumers should compare settlement programs against alternatives like debt consolidation loans, which combine multiple debts into a single fixed-rate payment. Credit counseling through nonprofit agencies offers free budgeting help without impacting credit scores. For those whose credit has already been damaged, credit repair services can address inaccurate negative items on reports. Personal loans for bad credit may provide funds for debt payoff at lower rates than credit cards, and credit monitoring services help track progress throughout the recovery process. Consolidating high-interest balances into a single installment loan with a fixed rate can reduce total interest paid and simplify monthly budgeting.
While repairing your credit, a secured card can add payment-history context when it reports to the bureaus. Compare deposits, fees, bureau reporting, and any no-credit-check claims directly.
This is state-level context for Debt Relief consumers in Indianapolis, IN. It does not confirm that Jackson & Oglesby Law LLC or this specific location is licensed.
State regulator
Indiana Department of Financial Institutions
Consumer protection
Relevant law: Indiana Credit Services Organizations Act (Ind. Code § 24-5-15-1 et seq.)
Registration: Required with Indiana Attorney General
Upfront fees: Listed as prohibited in the current CreditDoc state summary
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Jackson & Oglesby Law LLC offers 10 services including Chapter 7 bankruptcy filing and representation, Chapter 13 bankruptcy filing and representation, Free initial bankruptcy consultation, $0 down Chapter 13 filing for qualified clients, Flexible attorney fee payment plans, and 5 more.
Jackson & Oglesby Law LLC has profile signals associated with Indiana residents with overwhelming unsecured debt who qualify for Chapter 7 discharge, Individuals or couples needing Chapter 13 repayment protection but lacking funds for upfront legal fees, Married couples in central Indiana seeking joint bankruptcy representation, Debtors who want a bankruptcy-staff context firm rather than a general practice attorney.
Key strengths: Bankruptcy-only practice — 30+ years of combined partner experience exclusively in consumer bankruptcy; Four office locations across central Indiana (Indianapolis x2, Greenwood, Muncie) for accessible in-person service; $0 down Chapter 13 filings available for qualified clients, reducing upfront cost barriers. Areas to consider: Serves Indiana residents only — no representation for out-of-state filers; Attorney fees not published online; actual costs require a direct consultation to determine.
In the Debt Relief category, comparable providers include Accredited Debt Relief, L B Gray LLC, Mystar Credit Counseling/Mystar Financial Solutions. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Jackson & Oglesby Law LLC is best suited for Indiana individuals and married couples who have concluded that bankruptcy — either Chapter 7 discharge or Chapter 13 restructuring — is their most viable path out of unmanageable debt. The $0 down Chapter 13 option and free consultations make the firm accessible to clients with limited liquidity. The key caveat: this is strictly a bankruptcy law practice, not a debt settlement service or credit counseling agency, so clients exploring non-bankruptcy alternatives will need to look elsewhere.
Accredited Debt Relief helps consumers consolidate debt and reduce monthly payments through personalized financial relief options, claiming to have assisted over 1 million clients.
Google rating from 13,568 reviews
Profile signals: Consumers with multiple high-interest debts seeking to consolidate into single monthly payments, Individuals overwhelmed by debt collection calls who want professional negotiation assistance
Indiana-based debt collection agency offering wage garnishment and monetary judgments through legal partnerships, extending collection timelines beyond traditional 7-year credit reporting windows.
Profile signals: Creditors and original lenders seeking extended collection authority beyond standard 7-year timeframes, Multi-family housing operators and property managers requiring eviction and collection services
Mystar Financial Solutions was a debt management company licensed in Indiana, but its license was terminated in February 2021. The company is no longer operating.
Profile signals: Historical reference only — company is not currently operating, Consumers seeking to verify past interactions or understand a former provider's regulatory status
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A step-by-step guide to consolidating your debt on your own, without paying a debt consolidation company. Covers balance transfers, personal loans, the snowball method, and negotiating directly with creditors.
Read guide →A step-by-step 90-day plan to assess your finances, attack debt, dispute errors, and rebuild credit. Real timelines, specific actions, and legal protections you can use immediately.
Read guide →Learn how debt management plans reduce interest rates, negotiate with creditors, and help rebuild credit in 3–5 years. Real timelines and eligibility rules.
Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
When you fail to repay a loan according to the agreed terms — usually after 90-180 days of missed payments. It's the point where the lender gives up on collecting normally.
Default triggers severe consequences: credit score drops 100+ points, the debt may be sent to collections, you could be sued, and your wages or assets could be seized.
Example
You miss 4 consecutive car payments. The lender declares your loan in default, repossesses your car, sells it at auction for $8,000, and you still owe the remaining $5,000 (called a deficiency balance).
A federal agency created in 2010 to protect consumers from unfair financial practices. They write rules, supervise financial companies, and handle consumer complaints.
The CFPB is your most powerful ally against high-cost lenders. Filing a complaint with them gets a response from the company within 15 days — companies take CFPB complaints seriously.
Example
A debt collector calls your workplace after you told them to stop. You file a CFPB complaint online. Within 15 days, the collection agency responds and agrees to stop. The CFPB tracks complaint patterns across all companies.
A federal law that limits what debt collectors can do. They can't call before 8am or after 9pm, can't harass you, can't lie, and are required to stop contacting you if you request in writing.
Knowing your FDCPA rights stops abusive collection tactics. If a collector violates the law, you may have a right to sue for up to $1,000 per violation plus attorney fees.
Example
A collector calls your workplace 3 times after you told them not to. That's 3 FDCPA violations. You hire a consumer attorney (free — they get paid by the collector). The collector settles for $3,000.
A court order that requires your employer to withhold part of your paycheck and send it directly to a creditor. Usually happens after a creditor sues you and has obtained a judgment.
Federal law limits garnishment to 25% of disposable income. Some states have lower limits. Student loans and taxes can be garnished without a court order.
Example
You owe $8,000 on a defaulted credit card. The bank sues, gets a judgment, and garnishes your wages. On a $3,000/month net paycheck, they take $750/month until the debt is paid.
A time limit (typically 3-6 years, varies by state) after which a creditor can no longer sue you to collect a debt. The debt still exists, but they lose the legal power to force payment.
Knowing your state's statute of limitations prevents you from being tricked into paying debts that are legally uncollectable. Beware: making a payment can restart the clock.
Example
You have a $3,000 credit card debt from 2019. Your state has a 4-year statute of limitations. In 2024, a collector calls demanding payment. The statute has expired — they cannot sue you.
A type of bankruptcy where you keep your assets but follow a court-approved 3-5 year repayment plan to pay back some or all of your debts. Stays on credit for 7 years.
Chapter 13 may be more relevant than Chapter 7 if you have a home or assets you want to keep. It can stop foreclosure and let you catch up on mortgage payments over 3-5 years.
Example
You're 3 months behind on your mortgage and have $30,000 in credit card debt. Chapter 13 stops foreclosure and puts you on a 5-year plan: you pay $600/month to catch up on the mortgage and pay 40% of the credit card debt.
A type of bankruptcy that wipes out most unsecured debts (credit cards, medical bills) by liquidating non-exempt assets. It stays on your credit for 10 years.
Chapter 7 gives you a fresh start but at a steep cost: 10 years on your credit, difficulty getting loans, and you may lose assets. Income is generally required to be below your state's median to qualify.
Example
You have $45,000 in credit card debt and earn $35,000/year. Chapter 7 erases the debt. You keep exempt property (basic car, household items). Your score drops to ~500 but you're debt-free.
When a creditor declares your debt a loss after 180 days of nonpayment and removes it from their books. But you still owe the money — they just stop expecting to collect it themselves.
A charge-off is one of the most damaging entries on your credit report and stays for 7 years. The debt is usually sold to a collection agency who will pursue you for it.
Example
You stop paying your $4,000 credit card. After 180 days, the bank charges it off and sells the debt to a collector for $800. The collector now contacts you demanding the full $4,000 (they profit from what they collect above $800).
When an unpaid debt is transferred or sold to a third-party collection agency that specializes in recovering the money. Collection accounts appear on your credit report for 7 years.
Even a $50 collection account can drop your score 50-100 points. Some newer FICO models (FICO 9) ignore paid collections, but many lenders still use older models.
Example
An old $200 gym bill goes to collections. It appears on all 3 credit reports and drops your 720 score to 640. Paying it helps with newer scoring models but under FICO 8 (still widely used), a paid collection still hurts.
Combining multiple debts into one single loan with one monthly payment, ideally at a lower interest rate. It simplifies repayment and can reduce total interest.
Consolidation is generally most useful when you get a lower rate than your existing debts. But it doesn't reduce what you owe — and extending the term can mean paying more total interest.
Example
You have: $5,000 at 22% (credit card), $3,000 at 18% (store card), $2,000 at 25% (payday loan). A $10,000 consolidation loan at 11% saves you ~$2,100 in interest over 3 years.
Negotiating with creditors to accept less than the full amount you owe — typically 40-60 cents on the dollar. Usually done after you've already fallen behind on payments.
Settlement can save thousands, but it severely damages your credit (settled accounts show for 7 years) and the IRS may tax the forgiven amount as income.
Example
You owe $15,000 on a credit card and negotiate a settlement of $7,500 (50%). You save $7,500 but: your credit drops 100+ points, the account shows 'settled' for 7 years, and you may owe taxes on the $7,500 forgiven.
The percentage of your monthly gross income that goes toward paying debts. Lenders use it to judge whether you can afford another loan payment.
Most lenders want DTI below 36% for personal loans and below 43% for mortgages. Above that, you're considered overextended and likely to be denied.
Example
You earn $5,000/month gross. Your debts: $1,200 mortgage + $300 car + $200 student loans = $1,700/month. DTI = 34%. A new $400/month loan would push you to 42% — risky for lenders.
A court ruling that says you legally owe a specific amount to a creditor. It gives the creditor power to garnish wages, freeze bank accounts, or place liens on your property.
Judgments are enforceable for 10-20 years (varies by state) and can be renewed. They give creditors far more collection power than a simple unpaid debt.
Example
A credit card company sues you for $8,000 and has obtained a judgment. They can now garnish 25% of your paycheck ($750/month on a $3,000 net salary) and freeze your bank account.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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