This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Chapter 7 bankruptcy Debtor Loans 
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.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows
Operational Strength Starts with People: The New Rules of Finance Leadership
Going Beyond Chatbots: Connecting AI to Your Tools, Systems, & Data
Protect What Matters: Rethinking Finance Ops In A Digital World
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.
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.
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.
Roths Child Law
NOVEMBER 16, 2022
People who have too much debt and can’t make payments often declare bankruptcy to help relieve them of their financial obligations. This often saves debtors from the long-term damages and consequences of unpaid debt. Otherwise, too much debt can hamper the ability to take on loans. What is Chapter 13 bankruptcy?
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.
Debt Free Colorado
DECEMBER 9, 2021
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. Chapter 7 (Liquidation). Advantages of Chapter 7 Bankruptcy. Disadvantages of Chapter 7 Bankruptcy.
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?
Titan Consulting
AUGUST 23, 2020
You must qualify to file for bankruptcy, and your income must meet an income means test. 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.
Sawin & Shea
FEBRUARY 22, 2023
And although there are benefits to obtaining this type of mortgage, debtors often have to pay increased interest and monthly payments. These increased payments can put financial pressure on debtors, leading them to fall behind on their housing payments. An adjustable-rate mortgage is a home loan that features variable payments.
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?
Sawin & Shea
JULY 13, 2022
The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.
Sawin & Shea
JANUARY 11, 2024
Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy.
52 
Roths Child Law
AUGUST 2, 2024
What debts can you relieve with bankruptcy? The debts you can resolve with bankruptcy include: Credit card debt Medical debt Loan debt However, not all forms of debt can be resolved with bankruptcy. For example, student loans, tax claims and child or spousal support may not be resolved through bankruptcy.
Debt Free Colorado
JANUARY 27, 2022
Medical debt is the primary reason Americans declare bankruptcy. Another aspect is the increased accessibility of credit loans, which makes it simpler for Americans to end up spending more than they can afford. Additionally, creditors may take such property if a judgement against the debtor is entered. Non-Exempt Assets.
75 
Sawin & Shea
MARCH 13, 2024
A reaffirmation agreement is a document that re-obligates a debtor to repay a particular debt, such as a car loan, mortgage, or other loan type. 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.
Sawin & Shea
AUGUST 24, 2020
Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. What does each one mean?
Sawin & Shea
MARCH 14, 2023
Indiana allows debtors to exempt assets when filing for bankruptcy up to a certain monetary amount, and that amount recently increased. In this blog, we’ll share the details regarding this exemption increase, the different exemption categories, and how these exemptions impact Chapter 7 and Chapter 13 bankruptcy.
64 
Debt Free Colorado
JANUARY 10, 2022
Federal courts have exclusive jurisdiction over bankruptcy cases. As such a bankruptcy case cannot be filed in a state court. Bankruptcy laws are in place to protect not just the debtor, but also the creditors. There are several types of bankruptcy. . Advantages and Disadvantages of Bankruptcy Chapter 7.
Sawin & Shea
JUNE 7, 2023
Co-signers are beneficial for those seeking to obtain loans and credit cards. If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. Plus, being a co-signer can help a debtor build credit.
Sawin & Shea
FEBRUARY 14, 2023
However, for this reason, it’s not uncommon for people to want to know how to remove bankruptcy from a credit report. Whether you want to open new lines of credit, secure a new loan, or buy a home—there are many reasons why you might want to get rid of your bankruptcy to improve your credit score.
72 
Sawin & Shea
APRIL 5, 2023
However, many debtors have questions regarding how filing for bankruptcy impacts child support payments and debts. In this blog, we unpack what happens to child support income and obligations when a debtor files in Indiana. Can You File Bankruptcy on Child Support? Does Bankruptcy Clear Child Support?
52 
Debt Free Colorado
NOVEMBER 28, 2024
Quick Summary: Bankruptcy is a legal process that offers relief from overwhelming debt for individuals and businesses. A bankruptcy attorney assists clients in understanding the complexities of this process. Certain debts—such as credit card debt, medical bills, and personal loans—can be discharged.
Roths Child Law
OCTOBER 18, 2021
As you are likely aware, there are two types of bankruptcy that consumers can choose to file. There's Chapter 7 bankruptcy, which involves the liquidation of some of your assets. Many people are worried that they might lose everything when they file for bankruptcy. Doing so may allow you to keep it. .
Sawin & Shea
AUGUST 23, 2023
Before you decide if bankruptcy is the best option for you, it’s important to understand the two different types of bankruptcy that are available to individuals: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Most Debtors, however keep everything they have.
52 
Sawin & Shea
JANUARY 5, 2022
Filing for bankruptcy is often a necessary yet scary and confusing process for debtors. While you may not want to file bankruptcy, it is often the best choice if you are struggling to get by. Though filing for bankruptcy is a challenging process, it will go a lot smoother if you look into hiring an attorney to help.
Sawin & Shea
MAY 2, 2024
One of our firm’s key strengths lies in our comprehensive understanding of both Chapter 7 and Chapter 13 bankruptcy options. Credit card balances, personal loans, and other unsecured debts can quickly spiral out of control, especially when combined with secured debts like a car loan or mortgage.
52 
Sawin & Shea
JANUARY 12, 2022
Debt elimination is typically one of the primary reasons a debtor will pursue bankruptcy. While filing for bankruptcy is often the best course of action if you are overwhelmed by debt and struggling to stay afloat, it’s important to understand what debts can and cannot be discharged in bankruptcy. Student Loans.
52 
ABI
JANUARY 12, 2022
Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” 7] The debtor disagreed and filed a cross motion for Summary Judgment. [8]. 1] In Hull v.
Debt Free Colorado
JANUARY 20, 2024
Chapter 7 Bankruptcy In Chapter 7 bankruptcy , eligible unsecured debts, including medical bills, may be discharged. That means the debtor is no longer legally obligated to repay these debts. Chapter 7 bankruptcy is a relatively swift process. That includes medical bills.
Sawin & Shea
SEPTEMBER 29, 2021
Though it can be a scary and stressful process, the benefits of filing for bankruptcy tend to outweigh the detriments. Though it can negatively impact your credit score, many debtors find that dealing with a bad credit score for a few years is better than constantly being weighed down by debt and harassed by creditors.
Sawin & Shea
SEPTEMBER 29, 2021
Though it can be a scary and stressful process, the benefits of filing for bankruptcy tend to outweigh the detriments. Though it can negatively impact your credit score, many debtors find that dealing with a bad credit score for a few years is better than constantly being weighed down by debt and harassed by creditors.
Sawin & Shea
APRIL 6, 2021
Just months after filing for bankruptcy, many people find new credit card offers in their mailboxes because the credit bureaus are already reporting a better score. Contrary to popular belief, bankruptcy doesn’t ruin the dream of becoming a homeowner. During a Chapter 7 bankruptcy, you’ll likely be ineligible to get a home loan.
98 
Sawin & Shea
MARCH 6, 2024
Understanding Debt Consolidation Debt consolidation is the process of taking out a brand-new loan and using the money to pay off other loans or debts. Pros & Cons of Debt Consolidation Debt consolidation can be great if you qualify for a loan with a low enough interest rate.
Sawin & Shea
NOVEMBER 15, 2023
Put simply, Chapter 7 is a liquidation while Chapter 13 is about reorganization. In the case of a Chapter 7 bankruptcy , the court appoints a trustee who is in charge of selling off (liquidating) a debtor’s non-exempt assets. The two most common examples of secured debt are mortgages and auto loans.
Sawin & Shea
APRIL 17, 2024
In this blog, we’ll discuss how Chapter 13 usually affects credit scores, and we’ll give you actionable tips to begin rebuilding your credit. If you have additional questions regarding Chapter 13 or Chapter 7 bankruptcy, contact the attorneys at Sawin & Shea, LLC.
ABI
JANUARY 13, 2022
American Bankruptcy Institute Law Review Staff. . In In re Marlena Joy Pizzo , the United States Bankruptcy Court for the District of South Carolina held that a debtor may voluntarily contribute to her retirement plan while paying creditors under a bankruptcy plan. [1] 6] The court referred to 11 U.S.C.
40 
Credit Corp
MAY 1, 2024
File for Bankruptcy Bankruptcy is a legal process that allows you to eliminate some or all of your debts. In a Chapter 7 bankruptcy, also known as a liquidation bankruptcy, a trustee sells some of your assets and uses the proceeds to repay as much of your debt as possible.
Sawin & Shea
AUGUST 2, 2023
You can file for bankruptcy in two different ways: Chapter 7 and Chapter 13. Filing for Chapter 7 bankruptcy centers on liquidating assets, while Chapter 13 bankruptcy focuses on reorganization. Unsecured debt includes things like credit card debt, medical debt, and personal loans.
52 
Debt Free Colorado
MARCH 10, 2023
At the Law Office of Clark Daniel Dray (debtfreecolorado), you can be sure that a bankruptcy attorney will inform and educate you about the myths about bankruptcy in Littleton, CO. These are the five most prevalent bankruptcy myths. Short sales and loan modifications are viable alternatives to bankruptcy.
52 
Debt Free Colorado
DECEMBER 23, 2024
Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. Some debts stay with you even after bankruptcy. Student loans, child support, recent taxes, and court fines must be paid in full. However, because assets do not secure these debts, bankruptcy may help eliminate them.
Fraser
JUNE 25, 2020
Whenever a business or individual receives a notice from a United States Bankruptcy Court indicating that a business they have had dealings with has filed a chapter 11 bankruptcy petition, the clock starts ticking, and they should be aware of the following timeline, and key events and milestones that may affect their rights.
72 
Sawin & Shea
MARCH 20, 2024
They typically answer questions from a debtor about back taxes, filing annual tax returns, and tax penalties they may owe. A bankruptcy attorney helps someone clarify and organize their finances while getting most types of debt discharged. Do you have other debt, loans, discharged debts, or other amounts owed?
52
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content