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Bankruptcy Court Denies Section 546(e) Safe Harbor Protection in Fraudulent Transfer Action

PBWT

The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy. a financial institution [or] a transfer made by or to (or for the benefit of) a. financial institution. a financial institution [or] a transfer made by or to (or for the benefit of) a.

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What Happens to Your Credit Score after Bankruptcy?

Credit Corp

Bankruptcy can happen to anyone—despite their best efforts. And while most people understand that bankruptcy is generally bad for them, many don’t realize the details of how it can impact you. Read below to find out what happens to your credit score after bankruptcy and what you can do to repair your credit afterward.

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How Rising Interest Rates Can Affect Your Interest Rate After Bankruptcy

Sawin & Shea

Here’s what you need to know about getting a new loan and interest rate after bankruptcy. When the Federal Reserve raises interest rates, financial institutions increase their rates accordingly, so those with variable interest rate loans may need to pay more interest than when they initially borrowed the money.

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Indiana Increased Bankruptcy Exemptions in 2022. Here’s How it Affects You.

Sawin & Shea

Indiana allows debtors to exempt assets when filing for bankruptcy up to a certain monetary amount, and that amount recently increased. In this blog, we’ll share the details regarding this exemption increase, the different exemption categories, and how these exemptions impact Chapter 7 and Chapter 13 bankruptcy.

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July Launch Announced for the Federal Reserve’s FedNow Nationwide Payment System

Troutman Sanders

The Federal Reserve issued a press release announcing its plans for a July debut of FedNow , its service “to facilitate nationwide reach of instant payment services by financial institutions.” Fedline® currently serves 10,000 financial institutions and their agents. The press release stated the U.S.

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

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How to rebuild your credit score after filing for bankruptcy

Roths Child Law

A lot of people worry about how their bankruptcy will affect their credit score. While bankruptcy can damage your credit, most people who reach that point already have damaged credit. It's better to focus on rebuilding your credit after bankruptcy is over. Do not live beyond your means since that may mean getting into more debt.