Sawin & Shea

AUGUST 17, 2022

There are two primary types of bankruptcies that a person might file when struggling to pay their debts: Chapter 7 and Chapter 13. In a Chapter 13 bankruptcy , the debtor agrees to a payment plan instead of having their property taken to pay creditors. Penalties for Hiding Assets in Bankruptcy.

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Sawin & Shea

FEBRUARY 16, 2022

There is no exact definition that we can point to, but you need an adequate reason for why you’re filing for emergency bankruptcy. It’s not always clear when it’s the right time to file for emergency bankruptcy. Unsure of Whether to File for an Emergency Bankruptcy? Contact a Bankruptcy Lawyer.

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Roths Child Law

APRIL 16, 2021

On the banks of the majestic Potomac River stands a mansion of over 23,000 square feet that includes a bowling alley and 15-car garage, along with other amenities. All personal bankruptcy filings give you the benefit of an automatic stay that can temporarily stop a foreclosure from going through the courts.

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Sawin & Shea

JUNE 18, 2020

This would include cash or cash equivalents such as bank accounts, claims against others for damages, bank accounts, non-retirement stock or bond holdings, tax refunds, and money people owe you. We can held each person in a bankruptcy hold onto $400 of intangibles available on the date the case is filed.

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Sawin & Shea

APRIL 17, 2024

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?

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Sawin & Shea

MARCH 14, 2023

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. What Are Bankruptcy Exemptions?

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Sawin & Shea

AUGUST 30, 2023

Chapter 13 Bankruptcy is a Federal Bankruptcy Court-sanctioned debt reorganization plan. It works through reorganization, as opposed to liquidation, and you do not have to pass the Chapter 7 means test. Under Chapter 13 Bankruptcy, you have time and a plan in which to repay your debts.

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Sawin & Shea

OCTOBER 25, 2023

If you can no longer afford the monthly payments, you can surrender your timeshare when you declare bankruptcy. However, you may still have to pay the monthly or annual fees until the bank forecloses and transfers the title from your name. In this case, the property will go back to the lender.

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Debt Free Colorado

NOVEMBER 28, 2024

Bankruptcy is a legal process that provides individuals and businesses relief from overwhelming debt. In Colorado, as in other states, there are specific types of bankruptcy that cover different financial situations. The two most common types are Chapter 7 and Chapter 13 bankruptcy.

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Albuquerque Law

MARCH 11, 2021

A copy of the repayment plan, if you filed Chapter 13 bankruptcy. Bank and credit card statements. Your bankruptcy discharge. Your certificates of completion for credit counseling. A comprehensive list of the creditors. Any correspondence with creditors. Any notices you received from the court. Billing statements.

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Sawin & Shea

APRIL 26, 2023

If the creditor has your date of birth and social security number, they may be able to garnish your bank account and apply that money toward your debt balance. If that’s not possible for you, another option is to avoid it through Chapter 7 or Chapter 13 bankruptcy court.

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Sawin & Shea

FEBRUARY 28, 2024

A variety of factors determine if you’ll be able to discharge all of certain personal loans, including whether the loan is secured or unsecured and whether you file via Chapter 7 or Chapter 13 bankruptcy. Chapter 7 will remain on credit reports for ten years and Chapter 13 bankruptcies remain for seven years.

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Roths Child Law

FEBRUARY 17, 2021

Reports claim that she had about $15 in the bank, she had to file for Chapter 13 bankruptcy, and she only had around $1,000 left each month. She lived in California, where the cost of living is very high, but it was always affordable to her. Then the market collapsed, and she lost it all.

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Debt Free Colorado

APRIL 9, 2020

If neglected long enough they will sue you and attempt to garnish your wages and take money from your bank account, but if you’re not working and don’t have any money in the bank account these are empty threats.

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Debt Free Colorado

JANUARY 27, 2022

They will sell them and use the revenues to pay for the bankruptcy’s fees , charges, and expenditures before paying creditors. The Trustee confiscates your bank and savings accounts when the bankruptcy order is issued. If the account is in credit, the amount is a bankruptcy asset. Items found in your home.

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Debt Free Colorado

DECEMBER 23, 2024

Chapter 7 bankruptcy remains on credit reports for 10 years. Unsecured Debts in Chapter 13 Bankruptcy Chapter 13 bankruptcy works differently. When you use a credit card, you borrow money from the bank. Evaluating Your Debt A bankruptcy lawyer will review your financial situation.

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Roths Child Law

FEBRUARY 17, 2021

Reports claim that she had about $15 in the bank, she had to file for Chapter 13 bankruptcy, and she only had around $1,000 left each month. She lived in California, where the cost of living is very high, but it was always affordable to her. Then the real estate market collapsed, and she lost it all.

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Albuquerque Law

APRIL 29, 2020

Whether individuals file Chapter 7 or Chapter 13 bankruptcy, they will have to complete a considerable amount of paperwork to obtain the debt relief they need. This might seem like an overwhelming task, but individuals pursuing debt relief through bankruptcy can take proactive steps to make this process easier.

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Sawin & Shea

MAY 2, 2024

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. One of our firm’s key strengths lies in our comprehensive understanding of both Chapter 7 and Chapter 13 bankruptcy options.

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Roths Child Law

APRIL 12, 2021

With just $15 left in their bank, one Baby Boomer made peace with the fact that she had less than others. Where she once had been a millionaire, she now had to file for Chapter 13 bankruptcy to repay her debts. During it, her balance fell to just $15 in the bank.

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Sawin & Shea

DECEMBER 14, 2023

Unlike other investments, these currencies are decentralized, have no association with centralized banks, and have no physical form, existing purely in the digital realm. With that being said, cryptocurrency bankruptcy has also become more common. What happens next will depend on whether you file for Chapter 7 or Chapter 13 bankruptcy.

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Credit Corp

MAY 30, 2023

Chapter 13: With this option, you can discharge some of your debt, like medical bills. The three major credit bureaus include Chapter 13 bankruptcy on your report for up to seven years. Of the two options, Chapter 7 has the more negative impact on your creditors. That’s because you make no repayments.

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Sawin & Shea

MARCH 30, 2021

Start with bank statements. You will be able to download a record of your bank deposits. This will be true whether you deposited cash or checks (and the bank provides pictures of checks you have deposited). There are other ways to prove your income to the courts. How do you prove what you have earned?

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Albuquerque Law

MARCH 11, 2021

A copy of the repayment plan, if you filed Chapter 13 bankruptcy. Bank and credit card statements. Your bankruptcy discharge. Your certificates of completion for credit counseling. A comprehensive list of the creditors. Any correspondence with creditors. Any notices you received from the court. Billing statements.

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Debt Free Colorado

NOVEMBER 2, 2016

If that’s the case, the bankruptcy will help you turn things around per a recent piece in the Los Angeles Times : Filing for bankruptcy may have actually helped your scores. The average credit score before someone filed Chapter 7 was 538.2 How Long Does Bankruptcy Stay on my Credit Report? Absolutely.

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Sawin & Shea

APRIL 19, 2023

To get a payday loan, you need to be at least 18 years old and have a bank account and the ability to verify your identity. Chapter 7 bankruptcy , also called liquidation bankruptcy, allows you to discharge all or most of your debt, including payday loan debt. What Is a Payday Loan?

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Roths Child Law

APRIL 16, 2021

On the banks of the majestic Potomac River stands a mansion of over 23,000 square feet that includes a bowling alley and 15-car garage, along with other amenities. All personal bankruptcy filings give you the benefit of an automatic stay that can temporarily stop a foreclosure from going through the courts.

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Sawin & Shea

SEPTEMBER 13, 2023

If you choose bankruptcy, there are also different options depending on whether you choose a Chapter 13 bankruptcy or a Chapter 7 bankruptcy. If you are facing foreclosure or bankruptcy, the best way to determine which choice is right for you is to speak with an experienced bankruptcy attorney.

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Debt Free Colorado

NOVEMBER 18, 2023

The higher your credit score before filing for bankruptcy, the worse it will be following your filing. For instance, if your FICO score falls between the good and excellent areas, filing for Chapter 7 or Chapter 13 bankruptcy may result in a 200-point decline in your credit score.

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Sawin & Shea

NOVEMBER 2, 2022

First, you should know that choosing bankruptcy is a smart, proactive way of lifting the burden of overwhelming debt. Here in the Hoosier state, more than 15,000 people file for bankruptcy in an average year, with about 58% choosing Chapter 7 and 41% choosing Chapter 13 bankruptcy.

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Sawin & Shea

SEPTEMBER 15, 2021

If you are not still receiving payments, you can send a check, or use a debit card, credit card, or your bank account. You can also contact the SSA and work out a monthly payment plan that you can afford. What’s the catch? Well, you can’t have committed fraud. That means that you can’t have knowingly received the overpayment and said nothing.

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Sawin & Shea

SEPTEMBER 15, 2021

If you are not still receiving payments, you can send a check, or use a debit card, credit card, or your bank account. You can also contact the SSA and work out a monthly payment plan that you can afford. What’s the catch? Well, you can’t have committed fraud.

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Troutman Sanders

MARCH 7, 2023

Coughlin , case number 22-227, after the First Circuit last year barred the Lac du Flambeau Band from seeking to collect on a $1,600 debt obligation to the tribe’s lending arm, Lendgreen, after the debtor filed for Chapter 13 bankruptcy.

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Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed. Wells Fargo Bank , N.A., 1328(a).

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Debt Guru

AUGUST 30, 2021

This type of bankruptcy will stay on your credit report for ten years. Chapter 13 bankruptcy is different because, with it, you go in front of a judge and ask for your payments to be restructured in a way that makes sense for your current budget and debt load.

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Debt Free Colorado

OCTOBER 12, 2023

financial assets (including bank accounts and investments), debts owed to you (including tax refunds, loans, and other obligations), assets related to your business, and any other assets you may own. watercraft, aircraft, personal property (including furniture, electronics, clothing, etc.),

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Credit Corp

MAY 1, 2024

If possible, mail a money order so the creditor can’t access your bank account information. Chapter 13 is for debtors who don’t meet the requirements to qualify for Chapter 7 relief. If you have regular monthly income, a Chapter 13 bankruptcy allows you to set up a debt repayment plan.

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