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.
Cookie Settings
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
Cookie Settings
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.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A collection attorney in New York is facing a class-action lawsuit for allegedly violating the Fair Debt Collection Practices Act and state law when attempting to collect on judgments owed to a bankrupt for-profit university. The background: Technical Career Institutes, Inc. The background: Technical Career Institutes, Inc. Learn more.
If you’re struggling with overwhelming debts, Chapter7bankruptcy could be your best option. Chapter7 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 Chapter7Bankruptcy?
If you’re in a financial bind, your best option might be to seek a fresh start through Chapter7bankruptcy. In most cases, you don’t forfeit your home when you file for Chapter7bankruptcy. What is Chapter7Bankruptcy? The post Can I Keep My Home in a Chapter7Bankruptcy?
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 Chapter7 in the State of Indiana. What is Chapter7Bankruptcy? The post What Can I Keep if I File For Chapter7Bankruptcy?
Code § 525 – Protection against discriminatory treatment) it is illegal to fire someone simply because they have filed for bankruptcy. The bankruptcy would cause an automatic stay, preventing creditors from continuing to attempt to collect debts while you continue with your case. What about potential future employers?
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” Chapter7bankruptcy petition.
Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. Chapter7bankruptcy: In this type of bankruptcy, your non-exempt assets (if any) have been liquidated to pay off a percentage of your debts. This is not true. We are here to help.
You should get legal assistance from a knowledgeable bankruptcy attorney in Denver. The United States Bankruptcy Code governs both chapter7 and chapter 13 bankruptcy. Chapter7 (Liquidation). Advantages of Chapter7Bankruptcy. Disadvantages of Chapter7Bankruptcy.
A judgment lien against you can have a variety of distressing and negative consequences. Read on to learn everything you need to know about judgment liens in Indiana, including how they work and how to avoid them. What Is a Judgment Lien? Judgment Liens in the Hoosier State In Indiana, judgment liens last for 10 years.
If a potential employer runs a background check, they’ll discover your bankruptcy. And if they search your credit history, they’ll also likely spot your bankruptcy filing. A Chapter7bankruptcy remains on your credit history for ten years, and a Chapter 13 bankruptcy will stay on your credit history for seven years.
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 Chapter7 or Chapter 13 bankruptcy. Will my bankruptcy show up on a pre-employment check?
Enter Sawin & Shea, LLC – a firm with over 50 years of combined experience in bankruptcy services, dedicated to providing compassionate and non-judgmental representation to individuals and families in need. Bankruptcy law was created to give debtors a true fresh start and pathway to rebuilding wealth.
Certain debts can be discharged entirely when filing Chapter7bankruptcy, but not everyone is eligible for Chapter7bankruptcy. Some people have too high of an income or have assets that require making monthly payments through filing Chapter 13 bankruptcy. . When Should I for Bankruptcy?
It is important that you understand how these types of bankruptcies differ. If you are seeking to discharge unsecured debts like medical debts, credit card debts and unsecured loans, then you need to file for Chapter7bankruptcy. Bankruptcy can give you a fresh start.
However, it is important to understand that other valid reasons may exist for firing or reprimanding you (such as dishonesty, incompetence or gross misconduct) and you cannot use bankruptcy to protect you from employer action based on these reasons. . Sometimes, your employer may not know if you are filing for Chapter7bankruptcy.
If neglected long enough they will sue you and attempt to garnish your wages and take money from your bank account, but if you’re not working and don’t have any money in the bank account these are empty threats. Despite your best efforts, you may dig yourself into a financial hole during this unsettled period.
File for BankruptcyBankruptcy is a legal process that allows you to eliminate some or all of your debts. In a Chapter7bankruptcy, 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.
Do Not: Try to Transfer or Hide Assets If you’ve transferred any assets to another party before declaring bankruptcy, you’re not gaining any protection. If assets are transferred in anticipation of filing for bankruptcy, a trustee can recover those assets in a Chapter7bankruptcy since the transfer would rightfully be seen as fraudulent.
Default Judgments in Debt Collection Cases. The survey data showed that more than 70% of debt collection suits ended in default judgments. In Alabama, if a judgment is entered against you, the creditor who got the judgment can do several things as far as trying to collect on the judgment. • Filing bankruptcy.
Bankruptcy: Seven or 10 Years Bankruptcies show up in the public records section of credit reports. Chapter7bankruptcies may be reported for 10 years from the filing date. Discharged Chapter 13 bankruptcies are generally removed after seven years from the filing date.
For ten years after filing for bankruptcy, lenders will be more reluctant to extend credit, and it may even be challenging to get employment. A court judgment that states that a person is not required to pay back some debts is given to those who abide by the bankruptcy laws and are granted a discharge.
Once the lender has obtained a court judgment against you, they can then proceed to use aggressive collection remedies to pay back what you owe. These remedies can include garnishing your wages and bank accounts and seizing and selling your non-exempt personal property. What collection remedies are allowed will vary by state.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content