Hanging indent

Hi,

Is there a way to make hanging indents like in MS Word?

I collaborate with people writing scripts and Zoho's collaboration capabilities would be a great productivity booster as we'd be able to work on the same document simultaneously. However, we are totally dependent on "Hanging indents" when writing the dialogues, e.g.:

Paul:         This is a great egg, darling. You know the distance from
                a soft boiled egg to a soft bald blah blah blah.....

Polly:        You're welcome, my love. blah blah blah blah blah blah
                bla blah blah.

Is it possible now? If not, would it be possible to implement?