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.

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Roths Child Law

JANUARY 13, 2022

However, you can get rid of the financial and emotional pressure of being a debtor by filing for Chapter 7 or Chapter 13 bankruptcy. Both Chapters can help you start anew and discharge your debts, but they work differently. Chapter 13 doesn’t work the same way. The main difference. Financial relief.

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Sawin & Shea

MAY 5, 2021

Filing for Chapter 7 or Chapter 13 Bankruptcy: Chapter 7 will wipe out (discharge) your medical debt along with other unsecured debt, but you must have low enough income to pass the means test in order to qualify for it. Chapter 13 bankruptcy is discussed below. We are here to help.

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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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Luftman, Heck & Associates.

NOVEMBER 20, 2020

Chapter 13 bankruptcy can help consolidate your debt so you can repay it, usually over 3 to 5 years. Your monthly payments will depend on your income since the plan is income-based, and while Chapter 13 can put you on the right financial path, it typically means making sacrifices in the short term. This Read More.

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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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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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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.

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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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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.

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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.

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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 ?

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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.

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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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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

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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Sawin & Shea

FEBRUARY 21, 2024

Because of this, filing for bankruptcy is often one of the only options you may have. Below, we’ll break down how gambling debt fits into Chapter 13 bankruptcy and how you can prepare if gambling bankruptcy is the next step that you need to take. Can You File for Bankruptcy Due to Gambling Debt?

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Sawin & Shea

JANUARY 18, 2024

Financial challenges can be overwhelming, and seeking relief through Chapter 13 bankruptcy is a viable option for many. As you think about filing bankruptcy, it’s crucial to understand the interaction between Chapter 13 and car loans. What is Chapter 13 Bankruptcy?

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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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Sawin & Shea

FEBRUARY 22, 2023

Fortunately, Chapter 13 bankruptcy offers debt relief and a solution for stopping mortgage servicers from repossessing your home. Saving Your Home From Foreclosure Through Chapter 13 Bankruptcy Chapter 13 bankruptcy offers a solution if you’ve fallen behind on monthly mortgage payments.

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Sawin & Shea

JANUARY 25, 2023

Why File for Bankruptcy with Rising Interest Rates If you’re struggling with overwhelming debts made worse by increased interest rates, you may want to consider filing for Chapter 13 bankruptcy. Chapter 13 bankruptcy organizes your debts into a repayment plan that lasts three to five years.

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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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Roths Child Law

JUNE 11, 2024

However, the debtor would only need to wait four years to file for Chapter 13 bankruptcy if they previously resolved a Chapter 7 bankruptcy. Debtors who wish to file for Chapter 13 bankruptcy will need to wait six years after a Chapter 7 bankruptcy to file and two years after a Chapter 13 bankruptcy to file.

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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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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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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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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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Foster Swift

JUNE 11, 2018

Court of Appeals for the Sixth Circuit (the “Court”) ruled that penalties assessed by the state of Michigan against two debtors, stemming from fraud associated with the wrongful receipt of Michigan unemployment benefits, are non-dischargeable in Chapter 13 bankruptcy pursuant to Bankruptcy Code § 523(a)(2).

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Foster Swift

JANUARY 22, 2018

Filing for Chapter 13 bankruptcy as a consumer is a voluntary decision. Once a Chapter 13 case has been filed, it is also up to the debtors to dismiss the case if they so choose. Read More › Tags: Chapter 13 , Did you Know?

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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.

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Debt Free Colorado

DECEMBER 30, 2023

Quick Summary: Bankruptcy can be a viable option amid economic challenges and advantageous for retirement savings with proper guidance. IRAs are generally protected in both Chapter 7 and Chapter 13 bankruptcies, offering security for retirement funds. Will I Preserve My 401(k) Plan in Bankruptcy?

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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

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.

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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.

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Roths Child Law

OCTOBER 27, 2023

There are many bankruptcy options. One of the most common is Chapter 7 bankruptcy. This form of bankruptcy helps resolve large amounts of debt with very little consequences. Another is Chapter 13 bankruptcy, which allows people to reorganize their debt obligations for easier payments.

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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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Credit Corp

JULY 9, 2024

A bankruptcy can remain on your credit report for up to ten years from the filing date of Chapter 7 bankruptcy or up to seven years from the filing date of Chapter 13 bankruptcy. While bankruptcy may be a last resort, there are times where filing bankruptcy might make sense.

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