Sawin & Shea

MARCH 7, 2023

At Sawin & Shea, LLC, our Chapter 7 Bankruptcy lawyers have helped clients just like you in the Indianapolis and surrounding areas. What is Chapter 7 Bankruptcy? When you file a Chapter 7 bankruptcy, it is only your unsecured debts that will be eligible for discharge.

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Roths Child Law

APRIL 4, 2023

Bankruptcy Code reserves certain opportunities for those who are least likely to be able to repay their debts any time soon. Unlike Chapter 13 bankruptcy, which is available to most Americans, Chapter 7 bankruptcy is only available to low-income filers. However, this risk impacts very few Chapter 7 filers.

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Roths Child Law

DECEMBER 5, 2022

A chapter 7 bankruptcy is one of the most common routes individuals take in discharging their debt. One thing people are often not sure of is just exactly what debts are covered under this chapter. . Chapter 7 bankruptcy discharges unsecured debts. Unsecured debts include things like: . credit cards.

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Roths Child Law

JANUARY 15, 2021

When a consumer in Tennessee has more debt than they can manage, bankruptcy may be the solution. Consumers commonly choose Chapter 7 bankruptcy, which allows them to erase certain debts, but filing for bankruptcy can impact credit scores. Chapter 7 bankruptcy and credit scores.

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Roths Child Law

MARCH 22, 2022

Chapter 7 bankruptcy is also known as the “fresh start” bankruptcy. The basics of Chapter 7 bankruptcy. Under the blanket of Chapter 7 bankruptcy, you can expect to have some big bills charged off. These include tax bills, student loans, and child support.

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Roths Child Law

AUGUST 6, 2021

When faced with insurmountable debts, Chapter 7 bankruptcy can be the best way to regain control over your financial situation. Importantly, Chapter 7 bankruptcy provides an opportunity for a fresh start. Typically, a Chapter 7 bankruptcy case will conclude within six months.

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Roths Child Law

MAY 5, 2023

Taking advantage of exemptions In many states, Chapter 7 bankruptcy filers are permitted to choose between filing federal exemptions and state exemptions. However, most filers either don’t own non-exempt assets or the ones they do own are of such minimal value that it isn’t worth a trustee’s time to attempt to sell them.

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Luftman, Heck & Associates.

APRIL 15, 2022

If you do not have enough income to pay your creditors, you can file for Chapter 7 bankruptcy to have the debts discharged, giving you a fresh start financially. Can I Keep My Belongings If I File Chapter 7 Bankruptcy? The post What Can I Keep if I File for Chapter 7 Bankruptcy?

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Luftman, Heck & Associates.

SEPTEMBER 9, 2020

The idea of getting all your debts eliminated is appealing, but, bankruptcy makes people nervous. Chapter 7 bankruptcy in particular can be intimidating because many people believe it will ruin your credit forever. The post Is Filing for Chapter 7 Bankruptcy Right for You? Below are some Read More.

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Roths Child Law

JANUARY 14, 2022

Here is more on what you need to know about dischargeable and nondischargeable debt before filing for Chapter 7 bankruptcy. In most cases, unsecured debts are usually discharged by filing for Chapter 7 bankruptcy. While it may be the case, there are certain financial obligations you still have to meet. .

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Roths Child Law

NOVEMBER 2, 2021

If you are thinking of filing for Chapter 7 bankruptcy, below are some tips you might want to consider beforehand. It is important to review all your debts before filing for bankruptcy. You want to have a complete list so that everything can be listed in the bankruptcy proceedings. Analyze your debts.

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Luftman, Heck & Associates.

JANUARY 18, 2021

You have made it through Chapter 7 bankruptcy. But how do you qualify for a mortgage loan after Chapter 7 bankruptcy? The post How To Qualify for a Mortgage After Chapter 7 Bankruptcy appeared first on Cleveland Ohio Bankruptcy Attorneys. Congratulations!

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Roths Child Law

AUGUST 6, 2021

When faced with insurmountable debts, Chapter 7 bankruptcy can be the best way to regain control over your financial situation. Importantly, Chapter 7 bankruptcy provides an opportunity for a fresh start. Typically, a Chapter 7 bankruptcy case will conclude within six months.

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Roths Child Law

APRIL 30, 2021

Many consumers who find themselves unable to pay their bills look to different debt relief options to gain a fresh financial start, including bankruptcy. Chapter 7 bankruptcy can provide you with that clean financial slate that you're looking for where you can wipe away most of your debts. Not passing the means test.

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Sawin & Shea

APRIL 10, 2024

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. What Is Chapter 7 Bankruptcy?

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Debt Free Colorado

DECEMBER 7, 2016

Chapter 7 bankruptcy may seem intimidating, but as you can tell from the following infographic, the steps that go into successfully completing your case are pretty straightforward. For those of you who may not be able to view the image, the text follows: Chapter 7 Bankruptcy Timeline. 13 bankruptcy.

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Account Recovery

JANUARY 13, 2022

The Bankruptcy Appellate Panel, Ninth Circuit, has overturned a bankruptcy’s court ruling that awarded a debtor attorney’s fees after a debt collector filed proofs of claim that were time-barred. A copy of the ruling in the case of LVNV Funding v. Andrade-Garcia can be accessed by clicking here.

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Albuquerque Law

JULY 30, 2020

To do this, many people consider filing bankruptcy, but they often wonder: how long will it take for their debt to be discharged if they file bankruptcy? How long does it take to obtain a bankruptcy discharge? The duration of your Chapter 7 bankruptcy case often depends on the details of your case.

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Albuquerque Law

JULY 30, 2020

To do this, many people consider filing bankruptcy, but they often wonder: how long will it take for their debt to be discharged if they file bankruptcy? How long does it take to obtain a bankruptcy discharge? The duration of your Chapter 7 bankruptcy case often depends on the details of your case.

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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.

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Sawin & Shea

JANUARY 25, 2024

Many people are also struggling to find employment and housing, so they may need to move to another location during bankruptcy. Can you move out of state while in Chapter 7 bankruptcy ? Can I File for Bankruptcy in Another State? Can I File for Bankruptcy in Another State? Under the U.S.

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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.

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Sawin & Shea

OCTOBER 26, 2022

Discharging Personal Loans Through Chapter 7 Bankruptcy. Whether or not you should discharge a personal loan in Chapter 7 bankruptcy will depend on if the loan is secured or unsecured. A bankruptcy filer can also discharge an unsecured personal loan when there’s a lawsuit revolving around it.

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Sawin & Shea

AUGUST 2, 2022

Below, we’ll cover the various reasons why a person might want to convert to Chapter 7, the benefits of converting, who qualifies to convert, the cost involved, and how the process works. For What Reasons Would Someone Convert From Chapter 13 to Chapter 7?

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Roths Child Law

NOVEMBER 16, 2022

While the end result of any form of bankruptcy is to relieve debt, Chapter 7 and Chapter 13 bankruptcy work differently from each other, which causes much confusion. Here’s what you should know: What is Chapter 7 bankruptcy? What is Chapter 13 bankruptcy?

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Jimerson Firm

DECEMBER 29, 2023

When a debtor files for bankruptcy, a creditor may be able to seek dismissal of the bankruptcy if the petition was filed in bad faith. This article will provide an overview of the options available to a creditor if a debtor with primarily consumer debts files for Chapter 7 bankruptcy. 11 U.S.C. § 707(b)(3).

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Sawin & Shea

JULY 5, 2023

Declaring Chapter 7 bankruptcy may be the best solution in cases like this. There are effects that should be considered, preferably alongside a bankruptcy attorney. What is Chapter 7 Bankruptcy? Filing for bankruptcy is more common than you might think. How Can a Bankruptcy Attorney Help Me?

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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.

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Roths Child Law

OCTOBER 27, 2023

Bankruptcy is a tool debtors can use to resolve their debt obligations. There are many bankruptcy options. One of the most common is Chapter 7 bankruptcy. This form of bankruptcy helps resolve large amounts of debt with very little consequences.

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Sawin & Shea

AUGUST 9, 2022

However, not everyone can afford the payment plan, and thus many choose a Chapter 7 bankruptcy, which can more easily wipe out their debt. For those that choose a Chapter 7 bankruptcy, a reaffirmation agreement can help protect property from being repossessed as collateral.

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Sawin & Shea

SEPTEMBER 7, 2022

In this article, we discuss what exemptions you can expect and what you might lose when filing for bankruptcy. What Will I Lose When Filing for Bankruptcy? The majority of those who file Chapter 7 bankruptcy do not lose any of their assets, but it’s possible to lose nonexempt assets and properties when filing.

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Burr Forman

MAY 1, 2023

The Seventh Circuit held that the plaintiff, a Chapter 7 bankruptcy debtor, did not allege a concrete injury where he asserted that the defendant's collection letters "confused," "scared," and "alarmed" him.

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Sawin & Shea

JUNE 14, 2023

Because so many struggle financially after divorce, it’s common for individuals to declare bankruptcy before or after their marital dissolution. Here’s what you need to know about bankruptcy and divorce. Dividing assets and property during a divorce can be difficult and may require the assistance of a mediator or attorney.

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Roths Child Law

AUGUST 14, 2023

For many people, Chapter 7 bankruptcy is frequently regarded as their best choice. Chapter 7 bankruptcy may wipe away most of your unsecured debts in a matter of months. If you’re just finishing college and are struggling to find a high-paying job, Chapter 7 bankruptcy might be your best option.

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Roths Child Law

JANUARY 12, 2024

Understanding how bankruptcy works can help to shed light on why the myth that this process can cost individuals everything they own is not grounded in reality. Only particularly valuable non-exempt assets are at risk of being sold during a Chapter 7 bankruptcy case.

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Troutman Sanders

JANUARY 29, 2024

Bankruptcy Court for the Southern District of Florida disagreed and entered an award of sanctions in the total amount of $64,686.93 — including $10,000 for emotional distress and over $21,000 in punitive damages. As background, in 2002, the debtor and her then-spouse jointly filed a “no asset” Chapter 7 bankruptcy petition.

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Sawin & Shea

MARCH 13, 2024

It basically serves as a legally binding promise that the person filing for bankruptcy will resume making payments in full and on time to the creditor. Entering a reaffirmation agreement is a way that debtors in a Chapter 7 bankruptcy keep collateral attached to secured debt like houses or cars.

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