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Chapter 13 bankruptcy Creditors Loans 
Sawin & Shea
JULY 14, 2021
Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. In America alone, the average student loan debt in 2021 comes to around $1.7 How Does Student Loans Bankruptcy Work?
Sawin & Shea
FEBRUARY 9, 2022
Filing for chapter 13 bankruptcy can seem like a daunting task, but it’s often the right move for those who are facing foreclosure, repossession, or have exorbitant debts. If you’re thinking of filing for chapter 13 bankruptcy, you may have questions regarding how it will impact your credit score.
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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.
Roths Child Law
NOVEMBER 16, 2022
Otherwise, too much debt can hamper the ability to take on loans. While people have many bankruptcy options, typically, people only file for Chapter 7 or Chapter 13 bankruptcy – two of the most commonly used debt relief solutions. What is Chapter 13 bankruptcy?
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? What Am I Obligated to Pay in My Chapter 13 Plan?
Account Recovery
SEPTEMBER 23, 2024
The background: The case stems from a series of private student loans taken out by one of the plaintiffs between 2003 and 2007 to attend college, with the other plaintiff — his father — co-signing for the loans.
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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. Section 523(a)(8).
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?
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?
Sawin & Shea
OCTOBER 26, 2022
When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation.
Sawin & Shea
JUNE 16, 2021
Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. This is not true. More on both of those below.).
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.
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.
Sawin & Shea
JUNE 22, 2022
And student loan payments are often even a burden for senior citizens today. Unfortunately, all of this adds up to bankruptcy—something that is already scary to deal with as is but can be even more overwhelming and frightening for seniors. Often, seniors will file for bankruptcy to protect themselves and their assets from creditors.
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Sawin & Shea
AUGUST 24, 2020
Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. What does each one mean?
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
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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Sawin & Shea
JANUARY 25, 2023
Raising interest rates typically slows down the economy as well as the rate of inflation, but these rates have a direct impact on people’s ability to obtain new loans. Here’s what you need to know about getting a new loan and interest rate after bankruptcy. Usually, this is cents on the dollar.
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
NOVEMBER 12, 2020
Chapter 13 bankruptcyis different. It involves paying some money back to your creditors and typically take three to five years. That means that within two to four years after successfully finishing a Chapter 13 bankruptcy, it will fall off your credit. Will a High Credit Score Help You During a Bankruptcy?
105 
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
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. Create a budget and build an emergency fund.
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
OCTOBER 6, 2021
have a federally backed HUD/FHA, VA, USDA, Fannie Mae, or Freddie Mac loan. *If Outside of Bankruptcy: For those not dealing with bankruptcy, the CARES Act allows those affected by the pandemic to ask for forbearance to suspend payments on their federally-backed mortgage loan for up to six months.
98 
Sawin & Shea
JANUARY 5, 2022
If for some reason you realize that you forgot to add a creditor after you have already filed, your attorney can help you understand your options. Generally, adding debts after a bankruptcy is filed is allowed so long as the debt existed before you filed and it is added within a certain amount of time. Pre-Petition Debts.
Sawin & Shea
MAY 26, 2021
This means each spouse is only responsible for their partner’s debt if they have voluntarily joined the debt, for example by co-signing on a loan. If you file bankruptcy without your spouse, they won’t be on the hook for any debts that aren’t in their name. Ask your bankruptcy attorney about applicable exemptions.
97 
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
FEBRUARY 2, 2022
We can help you file a Chapter 7 or Chapter 13 bankruptcy, or we can point you in another direction if bankruptcy is not right for you. Debt management programs are run by credit counseling agencies that handle negotiations with your creditors to create new terms. Consolidation Loans. Debt Settlement.
Sawin & Shea
JANUARY 18, 2023
Although the idea of liquidating your assets may sound stressful and undesirable, most of those who declare Chapter 7 can retain all of their possessions after filing. In that case, the bankruptcy court will recommend that you declare Chapter 13 bankruptcy , which consolidates your debts into a three-to-five-year repayment plan.
Sawin & Shea
JULY 28, 2021
Bankruptcy isn’t rare in the Hoosier state; Indiana has the 7th highest percentage of bankruptcies in the United States, based on population: 22,748 in 2019, or 3.38 within 70 days of filing for bankruptcy. It simply means that any rent that is owed from before you filed bankruptcy will be discharged. Payday” type loans.
105 
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
JANUARY 10, 2022
To help you in making an intelligent choice, this blog discusses the different types of bankruptcies along with their pros and cons so you can choose which one best suits your financial situation. Bankruptcy Defined. Bankruptcy is a legal process to discharge debt and starts with a bankruptcy petition filed in court.
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?
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. Your bankruptcy attorney will have to notice your employer after filing in order for the garnishment to stop.
105 
Sawin & Shea
MARCH 23, 2021
Bankruptcy Offers a Way to Keep Your Vehicle. Chapter 13 bankruptcy , also known as a reorganization bankruptcy, stops a car repossession in its tracks using something known as the automatic stay. You stay under the court’s protection, which continues to stop collection efforts until the end of your bankruptcy.
52 
Sawin & Shea
FEBRUARY 28, 2024
When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.
Sawin & Shea
SEPTEMBER 28, 2022
The stress leading up to a declaration of bankruptcy can be intense. You worry about creditors and wonder if you will be able to stay in your home and keep your car. You may also worry that your bankruptcy will become public knowledge and affect other aspects of your life. Bankruptcy Code. Will it affect your current job?
Sawin & Shea
NOVEMBER 8, 2022
You can contact your creditor and see if you can negotiate a repayment plan that will allow you to make late payments. If you’re having more serious debt problems that extend beyond your vehicle, you should consider Chapter 7 or Chapter 13 bankruptcy. A bankruptcy attorney can walk you through those options.
98 
Debt Free Colorado
APRIL 9, 2020
Below you’ll find some strategies for working with your creditors and deciding which bills are the most important if you can’t pay them all. Reach out to your creditors. The decisions regarding which creditors get paid and which do not can have long term consequences and will require a strategy. Triage your finances.
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? Why Did Bankruptcy Exemptions Increase in Indiana? Here’s How it Affects You.
64 
Sawin & Shea
AUGUST 30, 2023
After taking a means test, you will file papers and a petition with the bankruptcy court. This will immediately stop your creditors from being able to contact you to demand payment. You and your bankruptcy attorney will next attend either a creditor meeting or a 341 hearing with your court-appointed bankruptcy trustee.
52 
Sawin & Shea
JANUARY 12, 2022
There are exemptions depending on the property and how essential it is, but anything considered nonexempt will likely be sold to help pay off your creditors. In Chapter 13 Bankruptcy: Chapter 13 bankruptcies work a little differently. Student Loans.
52 
Roths Child Law
JULY 12, 2023
For example, a Chapter 7 to another Chapter 7 bankruptcy typically has an 8-year wait time. Or, a Chapter 7 to a Chapter 13 bankruptcy may require people to wait 4 years. What is liquidation bankruptcy? Liquidation bankruptcy is another name for Chapter 7 bankruptcy.
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.
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