Sawin & Shea

AUGUST 24, 2020

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?

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Sawin & Shea

MAY 24, 2023

Chapter 7 bankruptcy (the most common form of bankruptcy ) essentially wipes away a large portion of your unsecured debts and protects certain assets you may possess. Briefly, unsecured debts are not backed by any collateral. Credit card and medical debt are examples of unsecured debt.

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Debt Free Colorado

DECEMBER 23, 2024

Creating a Life Free From the Burden of Unpaid Debt Bankruptcy can be a way out for many people struggling with debt. But not all debts can be wiped away. Understanding what debts bankruptcy can eliminate is important. This where knowing Colorado unsecured debt examples can be helpful.

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Credit Corp

MARCH 16, 2021

Opt for Debt Settlement. Debt settlement is a popular debt relief method. In a debt settlement program, you can get out of your debt spiral with a lower payoff amount. The debt settlement companies negotiate with your creditors for a lower payoff amount in exchange for a lump sum payment.

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Better Credit Blog

APRIL 11, 2022

It may lead to bankruptcy. When there’s no other option to pay your debt, you may be forced to declare bankruptcy. Several negative implications are associated with bankruptcy, including property loss and damage to your credit score. Debt Settlement. A debt settlement company is for-profit.

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Sawin & Shea

MAY 2, 2024

If you’re struggling with overwhelming debt, you may be wondering if bankruptcy is the right solution for your financial situation. One of the most common questions people have is “How Much Debt is Needed to File for Bankruptcy?”

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Sawin & Shea

FEBRUARY 2, 2022

At Sawin & Shea, LLC, our attorneys have years of experience helping clients find relief from credit card debt. We can help you file a Chapter 7 or Chapter 13 bankruptcy, or we can point you in another direction if bankruptcy is not right for you. 5 Tips and Solutions for Managing Credit Card Debt. Debt Settlement.

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Debt Free Colorado

DECEMBER 7, 2016

Chapter 7 bankruptcy may seem intimidating, but as you can tell from the following infographic, the steps that go into successfully completing your case are pretty straightforward. For those of you who may not be able to view the image, the text follows: Chapter 7 Bankruptcy Timeline. 13 bankruptcy. 13 bankruptcy.

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Credit Corp

AUGUST 24, 2021

This might include options such as budgeting, debt settlement, consolidation loans, or debt management programs. If you work with your credit counselor to set up a debt management plan (DMP), you will make a monthly payment to your credit counselor who will pay your creditors on your behalf. Debt settlement.

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Debt Guru

AUGUST 30, 2021

Now, let’s talk about which debt relief programs will work best to help you out of your situation. Bankruptcy. You’ve probably heard of people filing for bankruptcy but may not understand how it works for individuals who are in debt over their heads. Chapter 7 bankruptcy comes with some serious downsides.

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Nexa Collect

JULY 1, 2020

Two well known, and dreaded, causes of a falling credit score are bankruptcy and entering debt relief programs. FICO indicates that a person entering a debt settlement program will lose between 45 and 160 points, while a person applying for bankruptcy will lose between 130 and 240 points.

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Credit Corp

FEBRUARY 9, 2024

Debt relief won’t hurt your credit alone. Debt relief and debt settlement options don’t hurt your credit score on their own. These programs aim to help reduce your debt and if that debt is revolving credit, it can reduce your credit utilization and improve your credit.

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Debt Free Colorado

APRIL 9, 2020

To speak with a Colorado attorney experienced in debt relief and bankruptcy, call The Law Office of Clark Daniel Dray at (303) 900-8598 or use the tool below to scheduled a free consultation. The post Dealing With Debt From COVID-19 appeared first on Denver Lawyer Clark Daniel Dray.

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Debt RR

APRIL 5, 2022

There are numerous preventative measures to take prior to a civil lawsuit for commercial debts. Rather than declaring bankruptcy when you owe considerable sums of money, commercial debt consolidation , commercial debt counseling, and commercial debt settlements are alternatives for businesses that strain to pay off debts past their due dates.

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Better Credit Blog

MAY 4, 2022

In this case, you can look to alternative types of debt relief, such as debt settlement or bankruptcy. Debt settlement. Debt settlement is where you negotiate with your creditors to repay them less than the total amount you owe. Bankruptcy.

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Sawin & Shea

NOVEMBER 8, 2023

With those figures, chances are you are among the millions of Americans needing credit debt relief. In this article, we will give you some ways to find relief from the weight of your debt and show you how bankruptcy attorneys like Sawin & Shea can help you. How Does Debt Relief Affect Your Credit?

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Credit Corp

MAY 1, 2024

Credit card debt forgiveness, also known as debt settlement, involves negotiating with creditors to reduce the amount owed on your credit card balances. It’s crucial to fully understand the terms and consequences before pursuing debt forgiveness and to explore other options such as debt management or consolidation.

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The Kaplan Group

OCTOBER 19, 2020

They can refer you to counselors in your area that provide financial reviews and help you determine a plan for dealing with your debt. The United States Trustee Program also keeps a list of credit counseling agencies approved to provide pre-bankruptcy counseling. Debt Settlement Services.

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Credit Corp

DECEMBER 3, 2024

Consider debt settlement Step 6. Negotiations may help you reach a debt settlement or new payment plan that could encourage the lender to resolve the repossession on your credit report. 5: Consider Debt Settlement Debt settlements allow you to work out a lower repayment agreement with your lender.

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Better Credit Blog

JANUARY 20, 2022

It’s also a platinum member of the International Association of Professional Debt Arbitrators. In 2010, the company helped to establish Federal Trade Commission rules to ban abusive debt settlement practices and protect consumers. Bankruptcy. If you have no other recourse, bankruptcy is the ultimate solution to debt.

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Troutman Sanders

NOVEMBER 15, 2022

On November 11, prominent cryptocurrency exchange FTX abruptly filed for Chapter 11 bankruptcy and founder Sam Bankman-Fried resigned as CEO. John Ray III, a well-known bankruptcy attorney who administered now-defunct energy giant Enron’s 2001 Chapter 11 restructuring, will replace Bankman-Fried as CEO of FTX.

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Debt Guru

JANUARY 27, 2021

If a DMP isn’t for you, you have other options, including: Debt consolidation loans have terms and qualifying for them depends on your credit score. Bankruptcy can be a potential option when you’re totally overwhelmed by your debt. Debt settlement has drawbacks that might make this a last resort.

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Collection Industry News

APRIL 13, 2024

Consider debt settlement Working with a debt settlement company could also be a solution to paying off your credit card debt. When you use this type of program, experts from the debt settlement company work to negotiate lump-sum settlements with creditors for less than what you owe.

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Credit Corp

JUNE 1, 2021

That may be great news for many Millennials, but anyone holding student loan debt should understand that while payments may get temporarily stopped, the loan’s full amount will still need to get paid on time. Even in bankruptcy, student loan debt cannot get discharged; it must get paid. Obtain and Maintain Adequate Insurance.

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Taurus Collect

NOVEMBER 15, 2023

Debt Consolidation: This involves combining all your debts into a single loan, which can make it easier to manage your repayments and save you money on interest charges. Debt Settlement: In some cases, you may be able to negotiate a settlement with your creditors to pay a lump sum that’s less than the full amount you owe.

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Troutman Sanders

JANUARY 20, 2022

for which there was little to no chance for borrowers to discharge in bankruptcy. Beyond the student loan and mortgage context, state attorney generals have advanced this theory in their investigations of auto lenders [4] and debt settlement companies. [5].

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Better Credit Blog

JANUARY 11, 2022

If you find yourself saddled with more debt than you can reasonably pay off in a timely manner, you can always file for bankruptcy. But sometimes bankruptcy is the best way to get a new start so you can then stay on top of your finances, and with hard work, you can begin to turn your financial life around. About Bankruptcy.

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Better Credit Blog

FEBRUARY 11, 2022

Rated the best debt relief company on Trustpilot. A Guide to Debt Settlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. As Experian notes , “Debt settlement is a risky process with no guarantee of success.”.

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Better Credit Blog

APRIL 6, 2022

Typical problems arise from: Bankruptcies : Declaring bankruptcy can resolve short-term problems while also creating long-term credit issues. Eventually, consolidating your debt should lead to a better credit score, but the main goal is to better manage your debt. Debt Settlements.

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Account Recovery

NOVEMBER 14, 2024

One of the most respected professionals in the debt settlement market, Dodson has a knack for sizing people up and she’s almost never wrong. I happen to interview for a debt settlement company as a director of operations. I didn’t know the first thing about debt settlement but was intrigued.

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Troutman Sanders

JULY 26, 2021

Resolution plans describe the company’s strategy for rapid and orderly resolution under bankruptcy in the event of material financial distress or failure. For more information, click here. Following a state Supreme Court ruling issued earlier in the year, the bill’s prospects for passage might be different this time around.

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