Sawin & Shea

AUGUST 18, 2021

With current employers: In a Chapter 13 bankruptcy, your employer may or may not know, In some cases, payments will be automatically deducted from your paycheck as part of your bankruptcy repayment plan. If neither of these conditions exists, there is no reason for your employer to know about your Chapter 7 bankruptcy.

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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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Sawin & Shea

JANUARY 25, 2024

Many people are also struggling to find employment and housing, so they may need to move to another location during bankruptcy. Can you move out of state while in Chapter 7 bankruptcy ? Can I File for Bankruptcy in Another State? The federal government designed residency requirements to prevent abuse of the system.

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Sawin & Shea

SEPTEMBER 28, 2022

For example, if you have been having your wages garnished to pay back a persistent creditor, your employer would be aware that this is no longer necessary since you are in the process of Chapter 7 or Chapter 13 bankruptcy. Can I be denied employment because of bankruptcy?

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Debt Free Colorado

JANUARY 20, 2024

You can also seek guidance from credit counseling agencies, medical billing advocates, and government assistance. Are Medical Bills Dischargeable Through Bankruptcy? Bankruptcy can discharge medical bills. How Does Chapter 7 and 13 Bankruptcy Affect My Medical Bills? That includes medical bills.

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Sawin & Shea

JULY 19, 2023

Chapter 7 bankruptcy , or liquidation bankruptcy, allows you to discharge all or most of your debt. Under Chapter 7, most people can keep their home and car, if desired, and receive automatic court protection from creditors. Chapter 7 bankruptcy also stops lawsuits and wage garnishments.

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Sawin & Shea

JANUARY 12, 2022

They can help you throughout the entire process and even after the bankruptcy has ended when you are trying to get back on your feet. The type of bankruptcy you file will determine how your debts are handled. In Chapter 7 Bankruptcy: While not guaranteed, most debts are often discharged when you file a Chapter 7 bankruptcy.

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Sawin & Shea

MARCH 2, 2022

Shortly after you file for Chapter 7 or Chapter 13 bankruptcy, you will receive a notice for your section 341 meeting of creditors. It’s an essential part of the bankruptcy process that usually takes place at the Federal courthouse, but currently is done over the phone or via a Zoom chat due to the pandemic.

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Sawin & Shea

MAY 24, 2023

Chapter 7 bankruptcy (the most common form of bankruptcy ) essentially wipes away a large portion of your unsecured debts and protects certain assets you may possess. But many people don’t know that there is a test to qualify for Indiana Chapter 7 bankruptcy. What is the Indiana Bankruptcy Means Test?

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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. Read on to learn more.

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Credit Corp

FEBRUARY 23, 2024

Type of Loan Chapter 7 Chapter 13 Conventional loan 4 years 2 years FHA loan 2 years 1 year USDA loan 3 years 1 year VA loan 2 years 1 year How Long After Chapter 7 Can I Buy a House? Also known as a “liquidation bankruptcy,” Chapter 7 involves selling nonexempt assets to discharge debts.

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Debt Free Colorado

APRIL 9, 2020

This is fairly easy to accomplish with federal student loans, and because the federal government is working to waive interest on these loans, it won’t wind up costing you much in the long run. You should call your student loan servicers about forbearance, which will temporarily stop or reduce your payments.

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Debt Free Colorado

MARCH 10, 2023

The following are some of the most common bankruptcy myths in Littleton, Colorado: Myth #1: Short sales and loan modifications are viable alternatives to bankruptcy. Some people hope to stay out of bankruptcy by selling their homes or requesting a loan modification. Myth #4: Everyone will be aware of your bankruptcy filing.

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Debt Free Colorado

MARCH 3, 2023

There are officially six separate categories of bankruptcy , each designated after a specific section of federal bankruptcy law. However, Chapter 7 and Chapter 13 bankruptcy are the two types of bankruptcy that are most frequently filed. Are My Creditors capable of appealing My Bankruptcy?

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Sawin & Shea

MARCH 27, 2024

In this blog, we take a close look at ways Chapter 7 bankruptcy affects future or current employment. If you have additional questions, we encourage you to read our online articles about filing bankruptcy. What Is Chapter 7 Bankruptcy? Chapter 7 is often referred to as liquidation bankruptcy.

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Sawin & Shea

JULY 13, 2022

As a result, the majority of debtors who file for Chapter 7 bankruptcy do not get their college loans dismissed. How do bankruptcy courts handle private student loans, however? Are private student loans treated differently by bankruptcy courts? Common Reasons Private Loans May Be Discharged.

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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. Like all debts in bankruptcy, an automatic stay is put into place upon filing (the creditors have to leave you alone) for at least a period of time. What’s the catch? Well, you can’t have committed fraud.

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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. Like all debts in bankruptcy, an automatic stay is put into place upon filing (the creditors have to leave you alone) for at least a period of time. What’s the catch? Well, you can’t have committed fraud.

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Sawin & Shea

JUNE 28, 2023

Do Not: Try to Transfer or Hide Assets If you’ve transferred any assets to another party before declaring bankruptcy, you’re not gaining any protection. If assets are transferred in anticipation of filing for bankruptcy, a trustee can recover those assets in a Chapter 7 bankruptcy since the transfer would rightfully be seen as fraudulent.

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Sawin & Shea

APRIL 3, 2024

Due to the negative perceptions of bankruptcy, many professionals worry about whether bankruptcy affects their ability to retain professional licenses and certifications. How Will Filing Bankruptcy Impact My Professional License?

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Debt Free Colorado

OCTOBER 12, 2023

The bankruptcy procedure operates by annulling the agreements between you and your creditors and governed by federal law, not Colorado state law. In Colorado, they choose which assets you are permitted to keep in your bankruptcy case. You can start over because of that.

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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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