Jerry E. Smith logo

Jerry E. Smith in Indianapolis, IN

4.6/5
Google rating from 32 reviews

Indianapolis bankruptcy attorney Jerry E. Smith offers Chapter 7, Chapter 13, and tax resolution services to help consumers and small-business owners eliminate debt and avoid foreclosure.

Data compiled from public sources · Google rating shown when a stored review count is available

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Jerry E. Smith Review

Jerry E. Smith is a bankruptcy attorney and CPA based in Indianapolis who specializes in consumer debt relief and business reorganization. The firm positions itself as a comprehensive debt solution provider, emphasizing both legal experience context and financial knowledge to guide clients through complex bankruptcy proceedings. With a stated focus on helping "hundreds of clients," the firm markets itself as an experienced guide through the bankruptcy process.

The firm offers multiple bankruptcy filing options including Chapter 7 liquidation bankruptcy, Chapter 13 reorganization plans, and tax resolution services. They also assist distressed homeowners facing foreclosure and small-business owners seeking to reorganize under bankruptcy protection. The firm advertises same-day emergency filings, free initial consultations lasting up to one hour, evening and weekend appointment availability, and phone-based consultations for convenience.

Key distinguishing factors include Jerry E. Smith's dual credentials as both an attorney and CPA, which the firm emphasizes as providing combined legal and financial experience context. The firm markets itself as a "calming force" in the bankruptcy process and emphasizes client education about the bankruptcy procedure to reduce anxiety. They position aggressive outreach and accessibility (emergency filings, evening hours, free consultations) as core differentiators from other bankruptcy practices.

The firm provides accurate information about Indiana bankruptcy requirements, including mandatory credit counseling and financial management courses. However, like most bankruptcy attorney websites, it functions primarily as a marketing and lead-generation tool rather than a comprehensive educational resource. The firm's track record and client outcomes are not quantified beyond general claims of helping "hundreds of clients." No information is provided about fee structures, success rates by chapter type, or comparative outcomes.

Services & Features

Chapter 11 bankruptcy consultation
Chapter 12 bankruptcy consultation
Chapter 13 bankruptcy filing and representation
Chapter 7 bankruptcy filing and representation
Credit counseling and financial management course referrals
Foreclosure defense and mortgage protection
Free initial bankruptcy consultation
Sheriff's sale prevention
Small-business bankruptcy and reorganization
Tax resolution and tax debt relief
Tax sale prevention
Wage garnishment and collection action stoppage

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Dual CPA and attorney credentials combine financial and legal experience context
  • Free initial consultations up to one hour with no obligation
  • Same-day emergency bankruptcy filings available
  • Evening and weekend consultations offered for working clients
  • Many consultations available by phone for convenience
  • Covers multiple bankruptcy chapters (7, 13, and business reorganization)
  • Explicitly helps clients stop foreclosures, tax sales, wage garnishments, and lawsuits

Cons

  • No fee structure, pricing, or payment plan options disclosed on website
  • Client success rates, case outcomes, and statistics not provided
  • No client testimonials or case results detailed
  • Marketing language emphasizes emotional reassurance over specific legal advantages
  • No information about bankruptcy alternatives or when bankruptcy may not be appropriate

State Consumer Finance Context

This is state-level context for Bankruptcy Services consumers in Indianapolis, IN. It does not confirm that Jerry E. Smith or this specific location is licensed.

State regulator

Indiana Department of Financial Institutions

Consumer protection

Indiana Attorney General Consumer Protection Division

Credit and debt help rules in Indiana

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

  • Credit repair companies must provide a written contract clearly stating services, fees, timeline, and cancellation rights before payment
  • Prohibits collection of fees until services are actually performed and results are delivered to the consumer
  • Requires companies to inform consumers of their right to obtain free credit reports and dispute inaccuracies directly with credit bureaus

Key state rules to check

  • Payday loans capped at $605 with tiered fee structure: 15% on first $250, 13% on $251-$400, 10% on $401-$605.
  • Borrowers may have up to two payday loans simultaneously but not from the same lender.
  • A statewide database tracks all payday loans.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Jerry E. Smith offer?

Jerry E. Smith offers 12 services including Chapter 7 bankruptcy filing and representation, Chapter 13 bankruptcy filing and representation, Chapter 11 bankruptcy consultation, Chapter 12 bankruptcy consultation, Tax resolution and tax debt relief, and 7 more.

What profile signals are listed for Jerry E. Smith?

Jerry E. Smith has profile signals associated with Indianapolis-area consumers facing foreclosure, wage garnishment, or sheriff's sales, Self-employed or small-business owners needing business reorganization, Individuals with substantial tax debt seeking combined tax and bankruptcy relief, Consumers seeking immediate emergency bankruptcy filings to stop collection actions.

What are the strengths and weaknesses of Jerry E. Smith?

Key strengths: Dual CPA and attorney credentials combine financial and legal experience context; Free initial consultations up to one hour with no obligation; Same-day emergency bankruptcy filings available. Areas to consider: No fee structure, pricing, or payment plan options disclosed on website; Client success rates, case outcomes, and statistics not provided.

How does Jerry E. Smith compare to similar companies?

In the Bankruptcy Services category, comparable providers include Galleria Credit Repair, Premisien Credit Counseling, Royal Blue Financial Services, LLC. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Headquarters
Indianapolis, IN
BBB Accredited
No
Visit Jerry E. Smith

CreditDoc Profile Note

Research Note on Jerry E. Smith

profile signals for Indianapolis-area consumers facing immediate collection threats (foreclosure, garnishment, tax sales) who need expedited bankruptcy protection and benefit from combined legal and financial experience context. Primary caveat: website provides no fee information, success rate data, or alternatives analysis, so consultation is necessary to evaluate true cost-benefit and whether bankruptcy is appropriate for the specific situation.

Profile Signals

  • Indianapolis-area consumers facing foreclosure, wage garnishment, or sheriff's sales
  • Self-employed or small-business owners needing business reorganization
  • Individuals with substantial tax debt seeking combined tax and bankruptcy relief
  • Consumers seeking immediate emergency bankruptcy filings to stop collection actions
Updated 2026-04-29

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Quick Summary

  • Jerry E. Smith is listed as a Bankruptcy Services provider in Indianapolis, IN on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Next Steps

Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Review fit context Use the quiz to compare category, service, and public-rating fields. Compare alternatives Review similar providers before making contact. Improve your position What Your Credit Score Actually Means: Number-by-Number Breakdown Learn the basics Start the free Credit Fundamentals course.

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Financial Terms Explained (14 terms)

New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.

How Loans Work

Default — Loan Default

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.

Why it matters

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).

Legal Terms

CFPB — Consumer Financial Protection Bureau

A federal agency created in 2010 to protect consumers from unfair financial practices. They write rules, supervise financial companies, and handle consumer complaints.

Why it matters

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.

FDCPA — Fair Debt Collection Practices Act

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.

Why it matters

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.

Garnishment — Wage Garnishment

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.

Why it matters

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.

Statute of Limitations — Statute of Limitations (Debt)

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.

Why it matters

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.

Debt & Recovery

Chapter 13 Bankruptcy — Chapter 13 Bankruptcy (Reorganization)

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.

Why it matters

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.

Chapter 7 Bankruptcy — Chapter 7 Bankruptcy (Liquidation)

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.

Why it matters

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.

Charge-Off

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.

Why it matters

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).

Collections — Debt Collections

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.

Why it matters

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.

Debt Consolidation

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.

Why it matters

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.

Debt Settlement — Debt Settlement / Negotiation

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.

Why it matters

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.

DTI Ratio — Debt-to-Income Ratio

The percentage of your monthly gross income that goes toward paying debts. Lenders use it to judge whether you can afford another loan payment.

Why it matters

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.

Judgment — Court Judgment (Debt)

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.

Why it matters

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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