Debt Free Colorado

FEBRUARY 24, 2025

Filing requires completing credit counseling, submitting a bankruptcy petition, and attending a meeting with a trustee. A financial education course must be completed before final approval. If their income is too high, they may have to explore other options, such as Chapter 13 bankruptcy.

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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?

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Roths Child Law

AUGUST 14, 2023

Graduates may have received grants and awards to help pay for their education, but many have student loans hanging over their heads. One common solution to debt is bankruptcy. Here’s what you should know: Should you file for Chapter 7 or Chapter 11 bankruptcy?

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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 Any debts you did not list when you filed for bankruptcy unless the creditor learns of your bankruptcy case. per every 1,000 people. Student loans.

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Sawin & Shea

JULY 27, 2022

To fully understand how this works, it helps to understand the basics of credit card debt when you are filing for bankruptcy, which we will dive into below. Understanding Credit Card Debt and Bankruptcy. Most people file for bankruptcy in the hopes of having their debts that they are struggling to pay discharged.

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Sawin & Shea

APRIL 26, 2023

If that’s not possible for you, another option is to avoid it through Chapter 7 or Chapter 13 bankruptcy court. Here’s how that works: Chapter 7 If you successfully file for Chapter 7 bankruptcy , you receive protection from creditors and a discharge of most debt.

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Better Credit Blog

JANUARY 11, 2022

There are several different types of bankruptcies, but the majority of individuals can only file for Chapter 7, which is also known as liquidation bankruptcy, and Chapter 13 bankruptcy, which is also known as the wage earner’s plan. Educate you on bankruptcy law and procedures.

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Debt Free Colorado

MARCH 10, 2023

Learning the truth about bankruptcy is the first step to ensuring the process goes smoothly. At the Law Office of Clark Daniel Dray (debtfreecolorado), you can be sure that a bankruptcy attorney will inform and educate you about the myths about bankruptcy in Littleton, CO.

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Sawin & Shea

JULY 13, 2022

Because federal student loans provide flexible, income-based repayment plans, deferments, forbearances, and loan forgiveness, they are less likely to be discharged in bankruptcy. But unlike the Department of Education, private student loan lenders don’t provide the same kinds of advantages. Qualified private educational loans.

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Sawin & Shea

FEBRUARY 8, 2023

According to Investopedia — an online educational resource for finance and investing — some of the best secured credit cards include Capital One Platinum Secured , Discover it Secured , and S elf Visa. Deposits for a secured credit card typically range from $200 to $300, but with a higher deposit, you can expect a higher credit limit.

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Sawin & Shea

MARCH 27, 2024

Completing Chapter 7 To complete Chapter 7, you are required to undergo a finance management course as well as credit counseling. You must complete credit counseling within 180 days of filing your petition, and you’ll need to complete a debtor education course after your Meeting of Creditors.

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Sawin & Shea

JANUARY 25, 2022

If the unsecured debt is a federal student loan, the Department of Education can garnish up to 15% of your disposable income without filing a lawsuit. Again, you can decide to file bankruptcy instead, which can put a pause on collection efforts. If you file Chapter 7, most unsecured debts get discharged entirely.

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