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Will I Lose Everything If I File for Bankruptcy?

Sawin & Shea

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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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. What Do the Various Kinds of Bankruptcy Entail? There are many intricacies that set Chapter 7 and Chapter 13 Bankruptcy apart. What does each one mean?

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Indiana Increased Bankruptcy Exemptions in 2022. Here’s How it Affects You.

Sawin & Shea

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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Can I Discharge a Private Student Loan in Bankruptcy?

Sawin & Shea

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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What Happens If I Get a Job After Filing Chapter 7?

Sawin & Shea

You’re not required to have legal representation in the meeting, but it’s best to have a bankruptcy lawyer to support and assist you. Completing Chapter 7 To complete Chapter 7, you are required to undergo a finance management course as well as credit counseling.

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Chapter 13 Bankruptcy Dismissed. Can I Refile?

Sawin & Shea

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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How to File for Bankruptcy

Better Credit Blog

But sometimes bankruptcy is the best way to get a new start so you can then stay on top of your finances, and with hard work, you can begin to turn your financial life around. To help you better understand how bankruptcy works, we reached out to financial lawyers who specialize in guiding their clients through the process.