Chapter 7 bankruptcy Creditors Judgment Personal loans 
Sawin & Shea
JANUARY 18, 2023
If you’re struggling with overwhelming debts, Chapter 7 bankruptcy could be your best option. Chapter 7 is the most common form of bankruptcy for individuals and families, and it allows you to discharge many of your unsecured debts within only a few months. What is Chapter 7 Bankruptcy?
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? The Court can sell all nonexempt possessions and assets.
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Sawin & Shea
AUGUST 30, 2023
Although businesses can also declare bankruptcy, we will focus on personal bankruptcy in this article. In Chapter 7 Bankruptcy , (sometimes misleadingly described as liquidation bankruptcy), certain debts are discharged within 3-4 months. Personal loans. Payday” type loans.
Sawin & Shea
JUNE 16, 2021
There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. Chapter 7 bankruptcy: In this type of bankruptcy, your non-exempt assets (if any) have been liquidated to pay off a percentage of your debts. Keep a low balance within each month.
Sawin & Shea
JULY 28, 2021
If you file for Chapter 13 Bankruptcy in Indiana, you will still be obliged to pay something toward your debts; it’s just that you will be given a payment plan that reduces your unsecured debts based upon your ability to pay, that puts you on a manageable schedule, and that holds your creditors at bay while you work on making achievable payments.
Roths Child Law
JULY 26, 2020
It can be helpful to learn more about the bankruptcy process and what happens if you need to move forward with this process. Chapter 7 bankruptcy is a popular option because it only takes a few months to complete. During the Chapter 7 process, there will be a discharge of certain balances.
Sawin & Shea
JANUARY 25, 2022
If you miss payments and default on this type of debt, the creditor can seize the asset to liquidate it and apply those proceeds to the money you owe. In some cases, the assets or secured interest is something a creditor voluntarily agrees to in a lien; in other cases, the lien may be involuntary. Examples of Unsecured Debts.
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