Credit Corp

JANUARY 5, 2021

For example, if you borrowed $12,000 for a personal loan and only paid back $6,000, you still received the original $12,000. Not paying back the other half of the loan means you got the benefit of that money without paying for it. The IRS considers that to be income in many cases. Why Did You Get a 1099-C Form? Check Your Credit Score.

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Repossession Bankruptcy Foreclosure Creditors 105

Sawin & Shea

FEBRUARY 9, 2022

Filing for chapter 13 bankruptcy can seem like a daunting task, but it’s often the right move for those who are facing foreclosure, repossession, or have exorbitant debts. Some jurisdictions allow a person in a Chapter 13 to incur a loan or line of credit for a set amount without applying for Court permission.

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Chapter 13 bankruptcy Bankruptcy Lawyers Repossession 98

Debt Free Colorado

APRIL 9, 2020

So far the offers have been vague, the most likely concessions will be for your lenders on your home and cars to allow you to move a monthly payment to the end of the loan and for credit cards to temporarily reduce your interest rate. There are more tools for dealing with your mortgage than any other type of loan. Student Loans.

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Student loans Student Loans Chapter 13 bankruptcy Chapter 7 bankruptcy 81

Debt Free Colorado

DECEMBER 9, 2021

Unlike Chapter 7, Chapter 13 bankruptcy enables you to decrease the interest rate on your vehicle loan and, in certain situations, the total amount owed. Chapter 7 will not assist you if your primary source of debt is a mortgage, auto loan, or other kinds of debt. personal loans, personal loans, delinquent income tax obligations, .

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Better Credit Blog

APRIL 1, 2022

It’s smart to know how to remove negative items from your credit report, especially if you are soon to be applying for a mortgage or car loan. your own lawyer to fight on your behalf. This would be money well spent if it restored your good standing with lenders in time to secure a loan with low-interest rates. Repossessions.

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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. All of the original terms of the loan are back in force, including the creditor’s right to repossess the collateral if you get behind on payments in the future.

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Sawin & Shea

DECEMBER 28, 2023

By stretching out, modifying, or reducing payments, Chapter 13 helps make debt more manageable for financially distressed individuals while allowing them the opportunity to save assets like their homes from foreclosure and cars from repossession. As long as you keep up with repayment plan payments, you can avoid repossession or foreclosure.

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Chapter 13 bankruptcy Bankruptcy Repossession Foreclosure 52

Sawin & Shea

FEBRUARY 22, 2023

Fortunately, Chapter 13 bankruptcy offers debt relief and a solution for stopping mortgage servicers from repossessing your home. An adjustable-rate mortgage is a home loan that features variable payments. This differs from fixed-rate mortgages, where debtors pay a set interest rate for the entirety of the loan.

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Sawin & Shea

FEBRUARY 21, 2024

A major benefit of Chapter 13 bankruptcy is that it allows the filer to catch up on missed mortgage, car loan, and other secured debt payments by incorporating them into the repayment plan. This helps prevent repossession or foreclosure. How Can a Bankruptcy Lawyer Help?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Repossession 52

BN Lawyers

MARCH 23, 2020

These parties could foreclose or repossess the property securing the loans. They could lock you out of your location or repossess equipment. A lender who provided a secured loan for your kitchen equipment would have a difficult time profitably foreclosing on those assets. WHEN SHOULD I TALK TO A LAWYER?

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Bankruptcy Creditors Lender Lawyers 67

Sawin & Shea

MAY 2, 2024

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. Student loans are also difficult but not impossible to discharge in bankruptcy.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

MARCH 20, 2024

If you’re worried about garnishments, foreclosures , lawsuits, repossessions , or other consequences of your debt, connect with an experienced bankruptcy lawyer at Sawin & Shea as soon as possible. Choosing the right solution is a big step that could affect your life for years to come. You deserve a fresh start.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Lawyers 52

Indiana Consumer Law Group

JANUARY 23, 2017

Duff announces the recent filing of a class action lawsuit against Condor Securitization Trust, Condor Holdco Securitization Trust, Condor Assetco Securitization Trust and Condor Recovery Securitization Trust arising out of the repossession of an Indiana couple’s vehicle. Continue reading.

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Repossession Lawyers Lender Loans 40

Sawin & Shea

OCTOBER 11, 2023

Dischargeable debt would include things like: Medical bills Credit card bills Utility bills Back rent Personal loans Repossession balances At the end of the bankruptcy process, the remaining balances for these types of unsecured debts will likely be forgiven.

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Bankruptcy Student loans Student Loans Chapter 7 bankruptcy 52

Debt Free Colorado

JANUARY 10, 2022

Only student loans, taxes, and past-due child support are non-dischargeable. . After filing for bankruptcy, most people may apply for credit cards and auto loans. Bankruptcy instantly halts collection efforts, judgements, and repossessions and allows an opportunity to renegotiate or be forgiven. Drawbacks of Filing Chapter 13.

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Debt Free Colorado

JUNE 18, 2024

This applies to unpaid debts such as: Unsecured debts: These are debts not tied to a specific asset, like credit card debt, medical bills, or personal loans. Foreclosure and repossession If you’re facing foreclosure or repossession of your car, the automatic stay can temporarily halt these actions.

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Credit Corp

APRIL 26, 2024

A property is foreclosed or repossessed. You may want to double-check with your bankruptcy lawyer about whether you need to claim 1099-C income relevant to your bankruptcy discharge. So, if your debt isn’t canceled via repossession, bankruptcy or other such processes, cancellation could happen at any time.

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Repossession Creditors Bankruptcy Foreclosure 59

Sawin & Shea

APRIL 17, 2024

Common types of dischargeable debt include: Credit card debt Medical debt Judgements Utility bills Back rent Personal loans Repossession balances While Chapter 13 helps you repay certain debts and discharge remaining balances, not all forms of debt are dischargeable.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Sawin & Shea

APRIL 24, 2024

To determine the best way to proceed, and whether Chapter 7 or Chapter 13 bankruptcy are right for you, you should meet with an experienced bankruptcy lawyer. A bankruptcy lawyer can help you create a strategy to protect your assets and ensure that your bankruptcy petition goes as smoothly as possible. Family members.

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Bankruptcy Unsecured Creditor Debtor Creditors 52

Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. For instance, it may permit the restructuring of debts due to “secured” creditors, or creditors who have an interest in assets like a mortgage or a car loan, but it typically won’t abolish those debts. What Can’t Bankruptcy Do?

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Debt Free Colorado

OCTOBER 12, 2023

The complicated procedure of filling out bankruptcy documents needs the assistance of Colorado bankruptcy lawyers , like the Law Office of Clark Daniel Dray. Two of the most typical collateralized loans are mortgages and auto loans. Cosigners for auto loans and joint cardholders are frequent codebtors.

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Bankruptcy Collateral Chapter 13 bankruptcy Chapter 7 bankruptcy 52

Credit Corp

FEBRUARY 9, 2024

Foreclosure means that your mortgage lender can legally repossess your house due to nonpayment. Some states may also allow you to reinstate the loan up until a specific deadline. If the property sells for less than the balance owed on the original loan, a lender could file a deficiency judgment against you in court.

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Foreclosure Lender Bankruptcy Loans 52

Sawin & Shea

APRIL 10, 2024

For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC. Mortgages and car loans are both considered secured debts because they both have backing collateral. Although you can’t eliminate your mortgage or car loan in Chapter 7 bankruptcy and hold onto the collateral, you can reaffirm these debts.

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Chapter 7 bankruptcy Bankruptcy Unsecured Creditor Debtor 52

Credit Corp

JULY 26, 2021

Joint mortgages pass directly to co-borrowers, who become responsible for the loan. the decedent—pass to listed beneficiaries, who then become responsible for the loan. If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. Car Loan Debt. Student Loan Debt.

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Student loans Student Loans Credit Card Debt Loans 98

Sawin & Shea

JUNE 21, 2023

For example, if a person takes on additional loans or other forms of dischargeable debt right before filing, the court may suspect that the filer took on that debt in bad faith and never intended to pay it. Contact our seasoned lawyers today at 317-759-1483, or you can schedule a FREE consultation online here. Can I Refile?

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