Sawin & Shea

SEPTEMBER 14, 2022

Your consumer and non-consumer debts impact your ability to file Chapter 7 bankruptcy, and your debt types also determine what’s protected by an automatic stay when filing Chapter 13 bankruptcy. They can assist you through the bankruptcy process and can keep creditors from unlawfully harassing you.

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Debt Free Colorado

FEBRUARY 24, 2025

Say goodbye to credit card stresssee if Chapter 7 bankruptcy is your solution. Chapter 7 bankruptcy can help clear debt and give you a fresh start. A Greenwood Colorado bankruptcy attorney can explain your options and make sure you dont risk losing assets you want to keep.

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Sawin & Shea

SEPTEMBER 20, 2023

If you’re in a financial bind, your best option might be to seek a fresh start through Chapter 7 bankruptcy. In most cases, you don’t forfeit your home when you file for Chapter 7 bankruptcy. What is Chapter 7 Bankruptcy? Can I Keep My Home?

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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? Most Chapter 7 cases are what we call “no-asset” cases and people keep everything they have. Will All of My Debt Get Discharged?

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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. Investment Property Arrearages.

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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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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

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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Sawin & Shea

SEPTEMBER 27, 2023

In this article, we will walk you through Indiana debt collection laws and some of the many exemptions that help you keep your personal, real, or intangible assets when you file for a Chapter 7 in the State of Indiana. What is Chapter 7 Bankruptcy? It’s also the most common with over 229,000 filings in 2022 alone.

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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? How Sawin & Shea, LLC Can Help.

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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. In doing so, they’ll minimize the risk that any of their assets will be sold by their case’s trustee for the benefit of their creditors.

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Debt Free Colorado

JUNE 18, 2024

Know How to Stop Creditor Harassment & Wage Garnishment Debt can be a heavy burden. You may be considering Chapter 7 bankruptcy. Consulting with a Chapter 7 bankruptcy attorney in Boulder, CO, can help determine if it is the right solution. 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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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. Some criteria must be met.

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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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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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Sawin & Shea

JANUARY 19, 2022

After you file, it is possible that your tax debt will get discharged, but it depends on your individual circumstances and which type of bankruptcy you file. In a Chapter 7 bankruptcy case, for example, you can only get income tax debt discharged. How to File Taxes After Bankruptcy. Filing Taxes After Chapter 7.

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Roths Child Law

JUNE 17, 2021

You may be able to negotiate a reduced settlement with your creditor to alleviate yourself of that pesky bill. It's unlikely that their various creditors will all agree to renegotiate. Situations such as these may call for debtors to file bankruptcy. Situations such as these may call for debtors to file bankruptcy.

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Sawin & Shea

SEPTEMBER 7, 2022

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. A nonexempt asset is something that can be sold by a trustee to pay creditors.

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Sawin & Shea

JUNE 2, 2021

Determining household size is an important measurement when facing bankruptcy. In fact, correctly determining household size can determine your eligibility for Chapter 7 bankruptcy. Most sections of the bankruptcy means test , which determines eligibility for Chapter 7 bankruptcy, focus on income and expenses.

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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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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

AUGUST 18, 2021

There are two circumstances in which your employer could find out about your Chapter 7 bankruptcy: In a Chapter 7 bankruptcy, your employer would know only if you were already having your wages garnished by creditors (called wage attachment). A bankruptcy, however, is a matter of public record.

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Sawin & Shea

DECEMBER 7, 2022

If you’re not sure whether some of your purchases are considered “luxury,” consult with a Chapter 7 or Chapter 13 bankruptcy attorney. If you make a luxury purchase of over $600 within 90 days of filing for bankruptcy, creditors will request for the bankruptcy court to not discharge the debt.

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Sawin & Shea

JUNE 18, 2020

Many people keep control over their assets through the use of bankruptcy exemptions, which are special rules that allow people who are filing for a Chapter 7 bankruptcy to keep certain property if its value is less than the amount of the exemption. How Do I Protect My Home During Bankruptcy? This is rarely true.

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Debt Free Colorado

DECEMBER 9, 2021

Most people filing for either Chapter 7 or 13 bankruptcy will work directly with an attorney to determine the best option for each financial circumstance. Chapters 7 and 13 of the Bankruptcy Code – Awareness. You should get legal assistance from a knowledgeable bankruptcy attorney in Denver.

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Roths Child Law

FEBRUARY 9, 2021

If you've been considering filing for Chapter 7 bankruptcy in Tennessee, you've probably heard of the bankruptcy means test. The means test is a relatively lengthy form that is used to determine whether your disposable income is low enough to qualify you for Chapter 7 bankruptcy relief. Median income.

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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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Troutman Sanders

JANUARY 29, 2024

As background, in 2002, the debtor and her then-spouse jointly filed a “no asset” Chapter 7 bankruptcy petition. She listed 45 unsecured creditors in her schedules of assets and liabilities, including the $7,400 credit card debt at issue. Metris Companies was not listed in the debtor’s schedules.

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Credit Corp

JULY 9, 2024

A bankruptcy can remain on your credit report for up to ten years from the filing date of Chapter 7 bankruptcy or up to seven years from the filing date of Chapter 13 bankruptcy. While bankruptcy may be a last resort, there are times where filing bankruptcy might make sense.

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Credit Corp

MAY 3, 2023

However, we’ve provided some basic answers below to the question, “What is the difference between Chapter 7, 11, and 13 when it comes to bankruptcy?” In This Piece Understand the Types of Bankruptcy How Do You Know Which Bankruptcy Type is Right for You? What Is Chapter 11 Bankruptcy?

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Sawin & Shea

JANUARY 5, 2022

If for some reason you realize that you forgot to add a creditor after you have already filed, your attorney can help you understand your options. Generally, adding debts after a bankruptcy is filed is allowed so long as the debt existed before you filed and it is added within a certain amount of time. Pre-Petition Debts.

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Sawin & Shea

JUNE 22, 2022

This is because you will instead agree to a repayment plan for a three to five-year period in which you will make a more affordable payment that will go towards your debts and creditors, so you don’t have to sell off what you own for the money. Often, seniors will file for bankruptcy to protect themselves and their assets from creditors.

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Sawin & Shea

AUGUST 17, 2022

In a Chapter 13 bankruptcy , the debtor agrees to a payment plan instead of having their property taken to pay creditors. In contrast, in a Chapter 7 bankruptcy , the bankruptcy trustee will often use property to help pay off creditors before the remaining debt gets discharged.

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Sawin & Shea

JANUARY 12, 2021

For someone who’s pursuing Chapter 7 bankruptcy , this is especially important. Chapter 7 bankruptcies are liquidation bankruptcies, meaning non-exempt assets can be liquidated to pay your creditors back something. One of the most common assets that bankruptcy trustees seize is your tax refund.

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Sawin & Shea

AUGUST 25, 2021

However, the requirements for Chapter 7 and Chapter 13 Bankruptcy are different, so we’ll discuss each of them separately. In Chapter 7 Bankruptcy , you file papers with the Bankruptcy Court asking for immediate protection from your creditors and ultimately for an elimination (discharge) of most debts.

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Sawin & Shea

DECEMBER 29, 2021

However, the property that is considered nonexempt will be handled differently depending on which chapter you file. Property in Chapter 7 Bankruptcy. When you file Chapter 7 bankruptcy, any property determined to be nonexempt will likely be lost to the liquidation process.

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