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Chapter 13 bankruptcy Creditors Debtor 
Roths Child Law
NOVEMBER 16, 2022
People who have too much debt and can’t make payments often declare bankruptcy to help relieve them of their financial obligations. This often saves debtors from the long-term damages and consequences of unpaid debt. Here’s what you should know: What is Chapter 7 bankruptcy? What is Chapter 13 bankruptcy?
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.
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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.
Sawin & Shea
MARCH 21, 2023
Here’s what you need to know about filing Chapter 13 for tax debt relief. Does Bankruptcy Clear Tax Debt? Some debtors can eliminate tax debts by filing bankruptcy Chapter 13 or Chapter 7, but it’s important to know what tax debts are eligible for discharge.
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?
Roths Child Law
MAY 7, 2023
Bankruptcy is a legal process that allows individuals or businesses to eliminate or reorganize their debt. The goal of bankruptcy is to provide debtors with a fresh start financially while also helping to ensure that creditors receive some repayment for their debts.
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.
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.
Sawin & Shea
DECEMBER 7, 2022
Those who are about to file for bankruptcy should also avoid accumulating substantial debt. Many debtors make the mistake of racking up more debt before filing because they figure that they’ll be able to discharge it. With Chapter 7 bankruptcy , you reaffirm your secured debts while discharging unsecured debts.
Sawin & Shea
AUGUST 2, 2022
If you have any further questions and need help filing a Chapter 13 or Chapter 7 bankruptcy, don’t hesitate to reach out—the team at Sawin & Shea, LLC can assist you. For What Reasons Would Someone Convert From Chapter 13 to Chapter 7? Do I Qualify to Convert My Chapter 13 to a Chapter 7?
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.
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Sawin & Shea
AUGUST 9, 2022
If you have any questions and are considering if a Chapter 7 or Chapter 13 bankruptcy is the right choice for you, our team at Sawin & Shea can help. We have years of experience handling bankruptcy cases and are dedicated to helping our clients achieve the best possible outcome.
Sawin & Shea
AUGUST 24, 2020
There are many intricacies that set Chapter 7 and Chapter 13 Bankruptcy apart. Chapter 7 Bankruptcy: A petition is filed in the Bankruptcy Court seeking a discharge of most types of debts. Chapter 13 Bankruptcy: Chapter 13 bankruptcy is a reorganization of debts for debtors with regular income.
Sawin & Shea
MARCH 28, 2023
If you’re considering filing Chapter 7 or Chapter 13 bankruptcy, you need to be aware of the different components of the filing process, including the role of the bankruptcy trustee. The full scope of the bankruptcy trustee’s responsibilities will depend on whether you’re filing under Chapter 7 or Chapter 13.
Sawin & Shea
APRIL 6, 2021
Plenty of people file for bankruptcy each year — possibly including your friends and family, even if they didn’t tell you about it. In recent years, just over 750,000 Americans per year have filed for Chapter 7 , Chapter 11, or Chapter 13 bankruptcy. Thinking Employed People Do Not Need Bankruptcy.
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Debt Free Colorado
DECEMBER 9, 2021
Chapters 7 and 13 of the Bankruptcy Code – Awareness. Consider your income, assets, creditors, expenditures, and your ability to pass the means test while selecting between Chapter 13 and Chapter 7. You should get legal assistance from a knowledgeable bankruptcy attorney in Denver.
Sawin & Shea
JANUARY 19, 2022
Filing your taxes and filing for bankruptcy are two things that can be confusing and challenging on their own. When you put the two together, it can cause debtors even more stress. What Happens to Tax Debt Accrued After You File for Bankruptcy? How to File Taxes After Bankruptcy. Filing Taxes After Chapter 7.
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Sawin & Shea
FEBRUARY 16, 2022
An emergency bankruptcy is a bankruptcy filing method that expedites the filing process to stop creditors and bill collectors from seeking debts from borrowers. Individuals can file an emergency bankruptcy, also known as a skeleton bankruptcy, under Chapter 7 and Chapter 13. In 2005, the U.S.
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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. In many cases, you may also lose certain secured assets like homes and cars in a liquidation to pay your creditors some of what you owe. You must qualify to file for bankruptcy, and your income must meet an income means test.
Credit Corp
MAY 3, 2023
In This Piece Understand the Types of Bankruptcy How Do You Know Which Bankruptcy Type is Right for You? What Is Chapter 11 Bankruptcy? What Is Chapter 7 Bankruptcy? What Is Chapter 13 Bankruptcy? Should You File for Bankruptcy? What Is Chapter 7 Bankruptcy?
Sawin & Shea
MAY 26, 2021
Ask your bankruptcy attorney about applicable exemptions. You’ll also need to choose between Chapter 7 or Chapter 13 bankruptcy. If you opt for Chapter 13, an automatic co-debtor stay prevents creditors from hassling either you or your spouse about shared debts. We Can Help.
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Sawin & Shea
JANUARY 5, 2022
Filing for bankruptcy is often a necessary yet scary and confusing process for debtors. While you may not want to file bankruptcy, it is often the best choice if you are struggling to get by. Though filing for bankruptcy is a challenging process, it will go a lot smoother if you look into hiring an attorney to help.
Sawin & Shea
JANUARY 11, 2024
Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy.
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Debt Free Colorado
FEBRUARY 24, 2025
Chapter 7 bankruptcy in Colorado allows individuals and businesses to eliminate certain debts and get a fresh financial start. It works by liquidating non-exempt assets to repay creditors. Chapter 7 bankruptcy is available to individuals, married couples, partnerships, corporations, and other business entities.
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.
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?
Sawin & Shea
MARCH 14, 2023
Indiana allows debtors to exempt assets when filing for bankruptcy up to a certain monetary amount, and that amount recently increased. 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.
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Sawin & Shea
JUNE 18, 2020
In Indiana, a debtor filing for Chapter 7 bankruptcy can protect up to $19,300 per person in residential real estate or mobile home. Sawin & Shea – Indianapolis Bankruptcy Attorneys. Filing for bankruptcy is not the end. What if I Have Assets that are Not Exempt?
Mich Bankruptcy Blog
JULY 8, 2020
A Chapter 13 bankruptcy plan requires a debtor to satisfy unsecured debts by paying all “projected disposable income” to unsecured creditors over a five-year period. 1] Read More › Tags: 6th Circuit Court of Appeals , Chapter 13. In a recent case before the U.S.
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?
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. Instead, they work out a plan to repay creditors over time.
Roths Child Law
JUNE 25, 2024
When facing financial hardship, filing for Chapter 13 bankruptcy can provide a path to recovery as it reorganizes debt. As part of the process, a bankruptcy trustee oversees the case. They preside over the 341 meeting of creditors, where the debtor has to answer questions about their financial status under oath.
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Debt Free Colorado
JANUARY 10, 2022
When a business or an individual cannot meet financial responsibilities or pay to creditors, there is an option to declare bankruptcy. Bankruptcy is a legal process to discharge debt and starts with a bankruptcy petition filed in court. Federal courts have exclusive jurisdiction over bankruptcy cases.
Debt Free Colorado
JANUARY 20, 2024
You can consider filing for bankruptcy if you have overwhelming medical debt or persistent financial struggles. Bankruptcy can halt legal actions and start a fresh financial start. Various alternatives to bankruptcy are available. Some options are negotiating with creditors, structured payment plans, and debt consolidation.
Sawin & Shea
SEPTEMBER 6, 2023
These include declaring Chapter 7 or Chapter 13 bankruptcy. While both are good options to stop foreclosure (or postpone), in this blog we’ll focus on Chapter 13. Unlike Chapter 7 bankruptcy, Chapter 13 does not require the filer to liquidate all their assets (including their home) to pay off creditors.
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Roths Child Law
APRIL 4, 2023
Bankruptcy Code reserves certain opportunities for those who are least likely to be able to repay their debts any time soon. Unlike Chapter 13 bankruptcy, which is available to most Americans, Chapter 7 bankruptcy is only available to low-income filers. However, this risk impacts very few Chapter 7 filers.
Debt Free Colorado
JANUARY 27, 2022
They then exercise control over the merchandise sold to satisfy creditors. 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. Non-Exempt Assets.
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Sawin & Shea
SEPTEMBER 29, 2021
Though it can be a scary and stressful process, the benefits of filing for bankruptcy tend to outweigh the detriments. Though it can negatively impact your credit score, many debtors find that dealing with a bad credit score for a few years is better than constantly being weighed down by debt and harassed by creditors.
Sawin & Shea
SEPTEMBER 29, 2021
Though it can be a scary and stressful process, the benefits of filing for bankruptcy tend to outweigh the detriments. Though it can negatively impact your credit score, many debtors find that dealing with a bad credit score for a few years is better than constantly being weighed down by debt and harassed by creditors.
Sawin & Shea
FEBRUARY 23, 2022
If you are in the Chapter 13 Bankruptcy process, you have a three-to-five-year reorganization payment plan. This plan will allow for one monthly payment to wrap up most types of debt and will provide you with automatic court protection from your creditors. What happens if you miss a payment in Chapter 13?
Sawin & Shea
NOVEMBER 1, 2023
However, while bankruptcy can help, it’s important to understand how the process works, especially concerning your medical debt. At Sawin & Shea, our team of Chapter 7 and Chapter 13 bankruptcy lawyers is here to help. Many Chapter 13 Debtors pay pennies on the dollar back to their unsecured creditors.
Sawin & Shea
JUNE 7, 2023
If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. Fortunately, in this blog, we’ll unpack cosigner responsibilities when it comes to bankruptcy and debt. What’s a Guarantor?
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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Debt Free Colorado
MARCH 3, 2023
What Can’t Bankruptcy Do? What Should I Consider Before Filing for Bankruptcy? Are there Available Alternatives If You Have a Lot of Debt and don’t Want to File for Bankruptcy? Are My Creditors capable of appealing My Bankruptcy? What Debts are Discharged in Bankruptcy? What Can’t Bankruptcy Do?
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