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Will a Bankruptcy Trustee Contact My Employer?

Sawin & Shea

In this blog, we discuss situations in which your employer will be notified about your bankruptcy, and we also cover whether or not you can be legally fired for declaring bankruptcy. Will My Employer Be Notified About My Bankruptcy? If a potential employer runs a background check, they’ll discover your bankruptcy.

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Everything You Should Know About a Judgment Lien in Indiana

Sawin & Shea

A judgment lien against you can have a variety of distressing and negative consequences. Read on to learn everything you need to know about judgment liens in Indiana, including how they work and how to avoid them. What Is a Judgment Lien? Judgment Liens in the Hoosier State In Indiana, judgment liens last for 10 years.

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How Does Bankruptcy Affect Your Job and Future Credit? 

Sawin & Shea

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. Will my bankruptcy show up on a pre-employment check?

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

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. The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy.

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Getting Approved for a Loan After Bankruptcy

Sawin & Shea

Con: Chapter 7 bankruptcy stays on your credit report for 10 years. Chapter 13 bankruptcy: In this type of bankruptcy, you and the bankruptcy trustee make a structured plan to pay off a percentage of your debts over a 3-5 year payment plan under the court’s protection. 30% Amounts owed.

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Mistakes to avoid when filing for personal bankruptcy

Roths Child Law

It is for these reasons that you need to avoid the following mistakes when declaring bankruptcy in Tennessee. Filing the wrong chapter Personal bankruptcies fall into two categories - Chapter 7 and Chapter 13 bankruptcies. It is important that you understand how these types of bankruptcies differ.

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Who Can Declare Chapter 7 Bankruptcy?

Sawin & Shea

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. After you file, the bankruptcy court will appoint a trustee who’s in charge of reviewing your case and for non-protected assets.