Debt Free Colorado

DECEMBER 9, 2021

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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Titan Consulting

AUGUST 23, 2020

If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score. The Bankruptcy Option. Frequently Asked Questions.

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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.

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Sawin & Shea

SEPTEMBER 28, 2022

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. In rare cases, your repayment plan in Chapter 13 bankruptcy may require your wages to be garnished.

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Sawin & Shea

JANUARY 18, 2023

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.

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Debt Free Colorado

JANUARY 20, 2024

You can also seek guidance from credit counseling agencies, medical billing advocates, and government assistance. Are Medical Bills Dischargeable Through Bankruptcy? Bankruptcy can discharge medical bills. Bankruptcy is a legal process designed to help people overcome financial challenges. Timing is crucial in bankruptcy.

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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. At Sawin & Shea Law Firm , we understand that hiring an attorney to help you file bankruptcy is scary.

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Sawin & Shea

OCTOBER 4, 2023

One of the most common questions from those who file for Chapter 7 or Chapter 13 bankruptcy is, “Can I buy a house after bankruptcy?” and “After bankruptcy discharge, when can I buy a house?” In short, yes, you will be able to purchase a home after bankruptcy. Read on to learn more.

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Debt Free Colorado

FEBRUARY 24, 2025

If their income is too high, they may have to explore other options, such as Chapter 13 bankruptcy. How To Discharge Credit Card Debt with Chapter 7 in Greenwood, CO? Most Chapter 7 bankruptcy cases include credit card debt, making it an effective way to erase unpaid balances.

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Sawin & Shea

JULY 19, 2023

Chapter 13 , or reorganization bankruptcy, stops repossessions and foreclosures so you can save your home or investment. Like Chapter 7, it stops lawsuits and garnishments. Chapter 13 can help people keep assets that might be at risk in a Chapter 7. How Does Bankruptcy Affect Future Employment?

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Sawin & Shea

OCTOBER 6, 2021

While the government created programs to assist those financially affected—such as the CARES Act—many who were already struggling before the hit of COVID-19 fell even further into debt. However, the situation was a bit more complicated for those already in bankruptcy or considering it. What is the CARES Act?

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Albuquerque Law

DECEMBER 22, 2022

This practice is widespread, with even the government and courts gathering data on the events of the year – especially in terms of finances. So, what is the latest information on bankruptcy for this last year? This includes both personal and business bankruptcies. What are the statistics? as of this year.

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Sawin & Shea

JANUARY 12, 2022

In Chapter 13 Bankruptcy: Chapter 13 bankruptcies work a little differently. If you are behind on child support or alimony payments, you will still be required to pay what is owed after your bankruptcy case has ended. Certain Tax Debts. Student Loans.

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Credit Corp

FEBRUARY 23, 2024

How Long After Chapter 13 Can I Buy a House? A Chapter 13 bankruptcy allows debtors to create a repayment plan to the creditors they owe over a three- or five-year period. Since Chapter 13 bankruptcies involve fulfilling your financial obligations, they impact your credit less severely than Chapter 7 bankruptcies.

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Sawin & Shea

JANUARY 25, 2024

File for bankruptcy in the federal district where you have lived for the majority of the previous 180 days. Don’t be tempted to move somewhere else because you think you’ll gain certain bankruptcy benefits. The federal government designed residency requirements to prevent abuse of the system.

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Debt Free Colorado

MARCH 3, 2023

Do Bankruptcies Come in Different Types? There are officially six separate categories of bankruptcy , each designated after a specific section of federal bankruptcy law. However, Chapter 7 and Chapter 13 bankruptcy are the two types of bankruptcy that are most frequently filed.

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Debt Free Colorado

APRIL 9, 2020

This is fairly easy to accomplish with federal student loans, and because the federal government is working to waive interest on these loans, it won’t wind up costing you much in the long run. You should call your student loan servicers about forbearance, which will temporarily stop or reduce your payments.

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Troutman Sanders

MARCH 7, 2023

Coughlin , case number 22-227, after the First Circuit last year barred the Lac du Flambeau Band from seeking to collect on a $1,600 debt obligation to the tribe’s lending arm, Lendgreen, after the debtor filed for Chapter 13 bankruptcy. The tribes point to the Ninth Circuit’s ruling in Krystal Energy Co.

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Debt Free Colorado

MARCH 10, 2023

The following are some of the most common bankruptcy myths in Littleton, Colorado: Myth #1: Short sales and loan modifications are viable alternatives to bankruptcy. Some people hope to stay out of bankruptcy by selling their homes or requesting a loan modification. Myth #4: Everyone will be aware of your bankruptcy filing.

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Sawin & Shea

APRIL 3, 2024

Due to the negative perceptions of bankruptcy, many professionals worry about whether bankruptcy affects their ability to retain professional licenses and certifications. How Will Filing Bankruptcy Impact My Professional License?

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Sawin & Shea

MAY 24, 2023

However, if your monthly disposable income exceeds the maximum allowable, you will fail the test and be prohibited from filing for Chapter 7 bankruptcy. Be aware, if you fail the Chapter 7 means test, you still have other options, including Chapter 13 bankruptcy and debt settlement plans.

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Consumer Financial Services Law

MAY 16, 2017

Johnson in the Lower Courts Aleida Johnson filed her Chapter 13 bankruptcy petition in 2014. Like many of the lower courts which had examined the issue, the Court immediately noted the differences between the context of a civil suit and a Chapter 13 bankruptcy proceeding.

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Sawin & Shea

SEPTEMBER 15, 2021

It would be reassuring to think that government agencies never make mistakes, but like all huge entities–sometimes they do. The Social Security Administration sometimes makes the mistake of overpaying people so often that they have a formal procedure to follow when it happens, including forms ready to go when it is discovered.

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Sawin & Shea

SEPTEMBER 15, 2021

It would be reassuring to think that government agencies never make mistakes, but like all huge entities–sometimes they do. The Social Security Administration sometimes makes the mistake of overpaying people so often that they have a formal procedure to follow when it happens, including forms ready to go when it is discovered.

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Sawin & Shea

MARCH 27, 2024

In the event that you file for bankruptcy, it should not affect your current job. It is against federal law for an employer to fire an employee due to their bankruptcy filing, and this applies both to government agencies and private employers. Can Bankruptcy Affect My Job Application When Applying for Government Employment?

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Debt Free Colorado

OCTOBER 12, 2023

In most ways, declaring bankruptcy in Colorado is similar to declaring bankruptcy in another state. The bankruptcy procedure operates by annulling the agreements between you and your creditors and governed by federal law, not Colorado state law. You can start over because of that.

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Consumer Financial Services Law

JANUARY 22, 2021

Background The case arose from four separate chapter 13 bankruptcy cases in which the debtors sought to regain possession of their vehicles from the City of Chicago, which had seized and impounded the vehicles prepetition due to unpaid parking tickets and similar traffic fines. The case, City of Chicago v. Fulton, No.

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Sawin & Shea

JUNE 28, 2023

Do Not: Hire a Cheaper Attorney With No Bankruptcy Experience in an Attempt to Save Money Filing for bankruptcy should always be done through an attorney for bankruptcy.

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Sawin & Shea

JULY 13, 2022

Bankruptcy Code protects three types of education debt from discharge: Loans and benefit overpayments backed by the federal government or a nonprofit. Common Reasons Private Loans May Be Discharged. Section 523(a)(8) of the U.S. Qualified private educational loans.

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