Sawin & Shea

AUGUST 9, 2023

Credit card debt is a huge reason people end up filing for bankruptcy. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems.

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Sawin & Shea

OCTOBER 4, 2023

One of the most common questions from those who file for Chapter 7 or Chapter 13 bankruptcy is, “Can I buy a house after bankruptcy?” and “After bankruptcy discharge, when can I buy a house?” In short, yes, you will be able to purchase a home after bankruptcy. 92% of people who file for bankruptcy never file again.

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Sawin & Shea

JANUARY 12, 2022

Debt elimination is typically one of the primary reasons a debtor will pursue bankruptcy. While filing for bankruptcy is often the best course of action if you are overwhelmed by debt and struggling to stay afloat, it’s important to understand what debts can and cannot be discharged in bankruptcy.

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Titan Consulting

AUGUST 23, 2020

Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. You must qualify to file for bankruptcy, and your income must meet an income means test. When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery?

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Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances. Do bankruptcies come in different types?

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Sawin & Shea

SEPTEMBER 15, 2021

It would be reassuring to think that government agencies never make mistakes, but like all huge entities–sometimes they do. What Happens If You Are Filing For Bankruptcy and Owe A Repayment To The SSA? You may also be interested in reading our blog: Will I Lose My Social Security Benefits if I File For Bankruptcy?

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Sawin & Shea

SEPTEMBER 15, 2021

It would be reassuring to think that government agencies never make mistakes, but like all huge entities–sometimes they do. What happens if you are filing for bankruptcy and owe a repayment to the SSA? You may also be interested in reading our blog: Will I Lose My Social Security Benefits if I File For Bankruptcy?

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

UK debt collections

JUNE 4, 2024

Following an announcement in the Budget, the government scrapped the £90 fee to apply for a DRO in England and Wales on 6 April. A Debt Relief Order (DRO) is a form of debt solution available in the UK that allows individuals to deal with their debts without going through bankruptcy.

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Troutman Sanders

APRIL 27, 2023

Noting a rise in credit card delinquencies, the Consumer Financial Protection Bureau (CFPB or Bureau) released a new blog post analyzing civil judgments, the final recourse for creditors to collect on unsecured debt. Specifically, the CFPB reports that civil judgments are: Almost twice as common as bankruptcies.

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Sawin & Shea

MARCH 27, 2024

Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. They believe those declaring bankruptcy are irresponsible or bad with money. What Is Chapter 7 Bankruptcy?

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UK debt collections

NOVEMBER 16, 2023

The personal insolvencies consisted of 703 bankruptcies, 3,245 debt relief orders (DROs) and 5,933 individual voluntary arrangements (IVAs). DRO and bankruptcy numbers were higher than last year, with DROs in October 2023 being 71% higher than in October 2022, although the number of bankruptcies remained well below pre-2020 levels.

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Sawin & Shea

APRIL 10, 2024

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. What Is Chapter 7 Bankruptcy?

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Titan Consulting

SEPTEMBER 15, 2020

Financial hardship could make it possible to negotiate debt balances and pay less than the full amount owed. Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. When Should You Consider a Debt Settlement Program ? When to Get Professional Help Settling Your Debts?

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Burr Forman

MARCH 15, 2021

Erin has experience in all aspects of complex secured and unsecured debt financings, corporate mergers and acquisitions, and various sophisticated real estate transactions. Erin is a Partner in the Atlanta office, Practice Group Leader for Burr’s Real Estate Practice Group, and a member of the Corporate and Tax Practice Group.

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Taurus Collect

NOVEMBER 15, 2023

Regulations around debt collection are strict, and experts from no cure no pay debt collection UK are here to help you navigate these waters. In this post, we will explore the rights and regulations governing debt collection in the UK.

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BN Lawyers

SEPTEMBER 30, 2019

Proponents are confident that the Plan provides not only a framework to reduce the Commonwealth’s debt to sustainable levels, but a path to exit bankruptcy. Oversight Board published a comprehensive independent analysis of the Government of Puerto Rico’s pension systems, as required under Section 211 of PROMESA. Plan Highlights.

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Better Credit Blog

JANUARY 20, 2022

TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. This is where a debt relief program can help, typically with unsecured debt, meaning debt not associated with a tangible asset like a house or car. Who Is Freedom Debt Relief Best For? Bankruptcy.

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BN Lawyers

MARCH 23, 2020

It can make the difference between being able to work out an arrangement with a landlord or equipment lessors and needing to file for a chapter 11 bankruptcy to save your business. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy.

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Better Credit Blog

FEBRUARY 11, 2022

Can reduce your debt by 30% on average. 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. About National Debt Relief. Business debt. Student debt.

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Debt RR

JANUARY 24, 2020

Though more uncommon than equipment leases and unsecured debt, some businesses are able to acquire secured credit options. As with equipment leases, secured debt may be reduced by surrendering the security deposit or collateral. This can include things like inventory financing debt, as well.

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Debt RR

AUGUST 3, 2020

When a creditor or a government authority sues a business or individual for an unpaid debt, one of the options for settling is for the court to give the creditor the right to pull the funds from a bank account. File for Bankruptcy. What is Bank Account Garnishment and What Can Cause It? Make Payment Arrangements.

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