Sawin & Shea

JULY 15, 2020

When you’re considering Chapter 13 bankruptcy, you’re also wondering how much of your debt you’d be obligated to pay back. Let’s take a look at a debtor’s obligations under Chapter 13 bankruptcy. What Is A Chapter 13 Bankruptcy Plan? We are ready to help.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Chapter 7 bankruptcy 94

Sawin & Shea

MARCH 21, 2023

If you have non-exempt assets that you’re wishing to keep or don’t pass the Chapter 7 means test, you’ll need to file through Chapter 13. Chapter 13 can make your non-dischargeable tax debts more manageable. This repayment plan pools your existing debts in order to pay back creditors, including the IRS.

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Chapter 13 bankruptcy Bankruptcy Debtor Creditors 64

Sawin & Shea

JULY 8, 2020

Chapter 13 bankruptcy can wipe out most kinds of debts and leave you with a much brighter financial picture. But Chapter 13 can’t discharge all types of debt you’ve taken on. Some debts will remain after your bankruptcy, although you’ll be in a much better position to handle them.

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Chapter 13 bankruptcy Student loans Student Loans Bankruptcy 133

Sawin & Shea

OCTOBER 13, 2021

Chapter 13 bankruptcy offers the option of lien stripping. If you’re filing or considering filing for Chapter 13, you need to be aware of the process and advantages of lien stripping. Chapter 13 lien stripping can be beneficial to your financial situation and may even help you save your home.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 59

Sawin & Shea

DECEMBER 28, 2023

Filing for Chapter 13 bankruptcy can provide much-needed relief if you are overwhelmed with debt and struggling to keep up with payments. Under Chapter 13, you repay a portion or all of your debt, allowing you to keep assets like your home or car. What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Repossession Foreclosure 52

Sawin & Shea

JUNE 21, 2023

Filing for Chapter 13 bankruptcy can help you improve your financial situation. Unfortunately, not everyone filing Chapter 13 will complete the repayment process. Unfortunately, not everyone filing Chapter 13 will complete the repayment process.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debtor 52

Sawin & Shea

OCTOBER 13, 2021

Chapter 13 bankruptcy offers the option of lien stripping. If you’re filing or considering filing for Chapter 13, you need to be aware of the process and advantages of lien stripping. Chapter 13 lien stripping can be beneficial to your financial situation and may even help you save your home.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 52

Sawin & Shea

JANUARY 4, 2024

Filing for Chapter 13 bankruptcy is a positive step during a challenging time in your life. Instead of fighting with your creditors, you work with them proactively in the bankruptcy process to resolve your debts. In some cases, you may be eligible for a Bankruptcy Hardship Discharge.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

AUGUST 24, 2022

If you’re at risk of losing your home, Chapter 13 bankruptcy could be your best option. When you’re going through the process of filing Chapter 13, foreclosure cannot occur because you’re granted an automatic stay, meaning that lenders cannot pursue your debts and recover collateral, including your home.

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Chapter 13 bankruptcy Foreclosure Chapter 7 bankruptcy Bankruptcy 105

Luftman, Heck & Associates.

MAY 15, 2020

After filing for Chapter 13 bankruptcy, you give up a lot of financial control to your bankruptcy trustee. Even though you keep possession of your property, like a home, it becomes part of your Chapter 13 bankruptcy estate. The post Chapter 13 Bankruptcy: Can You Buy Or Sell A House ?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy 52

Roths Child Law

OCTOBER 17, 2023

Fortunately, there's a potential remedy available: Chapter 13 bankruptcy. Chapter 13 bankruptcy, often referred to as a "wage earner's plan," allows individuals with regular income to develop a plan to repay all or part of their debts over three to five years.

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Roths Child Law

DECEMBER 28, 2021

When you file for a Chapter 13 bankruptcy in Nashville, you likely will not receive a discharge until the completion of your repayment plan. Since Chapter 13 lasts for three to five years, one or more financial circumstances may arise to interfere with your repayment plan.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Creditors 52

Roths Child Law

MAY 7, 2023

With that said, the vast majority of filers do not have any of their assets sold during the bankruptcy process. On the other hand, Chapter 13 bankruptcy is known as a reorganization bankruptcy. The debtor pays a bankruptcy trustee, who then distributes the payments to the creditors.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Debtor 52

Sawin & Shea

SEPTEMBER 14, 2022

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. If you’re considering filing Chapter 7 or Chapter 13 bankruptcy, consider enlisting the help of skilled bankruptcy attorneys. What is Consumer Debt?

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Roths Child Law

APRIL 6, 2023

However, if you’re struggling with multiple debts, Chapter 13 bankruptcy could be a great opportunity. If you are simply struggling to pay your mortgage but are not yet behind on your payment schedule by much, negotiating a loan modification may be a better option.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

SEPTEMBER 21, 2022

Filing for Chapter 13 bankruptcy can be both challenging and stressful. One common question that filers have regarding the Chapter 13 process involves income increases and whether they affect payment plans. For experienced Chapter 13 bankruptcy attorneys in Indiana , contact the offices of Sawin & Shea, LLC.

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Sawin & Shea

MARCH 2, 2021

Considering Chapter 13 bankruptcy? Chapter 13 bankruptcy takes a bit longer than Chapter 7, but it may be the best plan for you. Let’s look at the factors that determine how long a bankruptcy takes so you can get an idea of your bankruptcy’s timeframe. Your income. Your assets.

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Chapter 13 bankruptcy Bankruptcy Creditors Debtor 98

Sawin & Shea

JULY 22, 2020

It’s a smart choice to file for Chapter 13 bankruptcy. Your bankruptcy plan will allow you to catch up on payments and settle your debts while giving you a chance to keep your home treasured belongings. If you have a job but you’re struggling to make your payments every month, Chapter 13 can help.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Repossession 97

Nerd Wallet

JUNE 10, 2021

Bankruptcy is one of the fastest and most effective ways to find debt relief. Most consumers who follow this path will file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. To help you understand the difference between Chapter 7 and Chapter 13 bankruptcy, here’s.

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Account Recovery

SEPTEMBER 23, 2024

In 2012, the primary borrower filed for Chapter 13 bankruptcy protection, listing the defendant trusts as creditors for the student loans. The bankruptcy plan was confirmed, and the trusts filed proofs of claims which were not objected to by the plaintiffs.

Student Loans 130

Student Loans Student loans Chapter 13 bankruptcy Loans 130

Sawin & Shea

MARCH 15, 2022

Your investment real estate’s outcome depends entirely on whether you file for Chapter 7 or Chapter 13 bankruptcy. Investment Real Estate in Chapter 7 Bankruptcy. Chapter 7 bankruptcy is a great option for those looking to discharge eligible debts. Chapter 13 Cramdowns.

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In the Red

FEBRUARY 4, 2022

For example, the debt limit for an individual to qualify for a Chapter 13 bankruptcy case will rise to $1,395,875 of secured debt, and certain exemption amounts will also increase. The total debt amount in the definition of small business debtor in Section 101(51D) will rise to $3,024,725 from $2,725,625.

Bankruptcy 147

Bankruptcy Chapter 13 bankruptcy Debtor Secured debt 147

Sawin & Shea

MARCH 9, 2022

One major benefit of bankruptcy is that, in Chapter 13 cases, you can still keep your home or car after missing payments. After declaring a Chapter 13 bankruptcy, you’ll have three to five years to make up for your missed payments. Will Bankruptcy Eliminate All of My Debts?

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Sawin & Shea

NOVEMBER 15, 2022

In this blog, we discuss situations in which your employer will be notified about your bankruptcy, and we also cover whether or not you can be legally fired for declaring bankruptcy. Will My Employer Be Notified About My Bankruptcy? If a potential employer runs a background check, they’ll discover your bankruptcy.

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Sawin & Shea

FEBRUARY 2, 2021

Your Credit Report as Part of Your Bankruptcy. After your Chapter 7 bankruptcy discharge or Chapter 13 bankruptcy period, your bankruptcy attorney will request permission to pull and review your credit report. It’s a way to make sure that you’re receiving the full benefits of your bankruptcy.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Creditors 98

Sawin & Shea

AUGUST 31, 2022

However, these negative impacts are not inevitable; you do have the option to take steps to either eliminate your medical debt or to make manageable payments towards it by filing for Chapter 7 or Chapter 13 bankruptcy.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 98

In the Red

FEBRUARY 15, 2019

For example, the debt limit for an individual to qualify for a Chapter 13 bankruptcy case will rise to $1,257,850 of secured debt, and certain exemption amounts will also increase. The total debt amount in the definition of small business debtor in Section 101(51D) will rise to $2,725,625.

Bankruptcy 140

Bankruptcy Chapter 13 bankruptcy Debtor Secured debt 140

Sawin & Shea

DECEMBER 29, 2021

The good news is that we can still help you with your debts by filing a Chapter 13, or reorganization, case if non-exempt assets would cause a problem in a Chapter 7 filing. In a normal Chapter 13 there is no liquidation of assets. Every state handles bankruptcy exemptions differently.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debtor 98

Sawin & Shea

SEPTEMBER 7, 2022

Perhaps the most common misconception is the notion that filing for bankruptcy means that you lose all of your wealth and possessions. When filing for Chapter 7 or Chapter 13 bankruptcy, you’ll qualify for exemptions that allow you to keep some of your money and certain types of personal property.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 98

Sawin & Shea

MAY 19, 2021

If you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy, or if you have already filed, you may be concerned about how long the bankruptcy will stay on your credit report. The situation is more complicated with Chapter 13 bankruptcy.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Student loans 98

Sawin & Shea

AUGUST 24, 2020

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. What Do the Various Kinds of Bankruptcy Entail? There are many intricacies that set Chapter 7 and Chapter 13 Bankruptcy apart. What does each one mean?

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Sawin & Shea

DECEMBER 7, 2022

If you’re not sure whether some of your purchases are considered “luxury,” consult with a Chapter 7 or Chapter 13 bankruptcy attorney. If you make a luxury purchase of over $600 within 90 days of filing for bankruptcy, creditors will request for the bankruptcy court to not discharge the debt.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Creditors 98

In the Red

FEBRUARY 5, 2025

For example, the debt limit for an individual to qualify for a Chapter 13 bankruptcy case will rise to $1,580,125 of secured debt, and certain exemption amounts will also increase. Other adjustments will affect consumers more than business debtors.

Bankruptcy 130

Bankruptcy Chapter 13 bankruptcy Debtor Secured debt 130

In the Red

FEBRUARY 5, 2025

For example, the debt limit for an individual to qualify for a Chapter 13 bankruptcy case will rise to $1,580,125 of secured debt, and certain exemption amounts will also increase. Other adjustments will affect consumers more than business debtors.

Bankruptcy 130

Bankruptcy Chapter 13 bankruptcy Debtor Secured debt 130

Sawin & Shea

AUGUST 2, 2022

They are worried their Chapter 13 payment plan will take too long to complete. They are interested in surrendering a property that is protected and saved in Chapter 13. What Are the Benefits of Converting a Chapter 13 Bankruptcy to a Chapter 7?

Chapter 7 bankruptcy 105

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Creditors 105

In the Red

FEBRUARY 4, 2022

For example, the debt limit for an individual to qualify for a Chapter 13 bankruptcy case will rise to $1,395,875 of secured debt, and certain exemption amounts will also increase. Other adjustments will affect consumers more than business debtors. Given recent inflation, these increases are larger than usual.

Bankruptcy 130

Bankruptcy Chapter 13 bankruptcy Debtor Secured debt 130

In the Red

FEBRUARY 4, 2022

For example, the debt limit for an individual to qualify for a Chapter 13 bankruptcy case will rise to $1,395,875 of secured debt, and certain exemption amounts will also increase. Other adjustments will affect consumers more than business debtors. Given recent inflation, these increases are larger than usual.

Bankruptcy 130

Bankruptcy Chapter 13 bankruptcy Debtor Secured debt 130