Sawin & Shea

MARCH 13, 2024

In this blog, you’ll learn about whether you can reaffirm your debt in Ch. Have additional questions regarding bankruptcy or reaffirming secured debts? Entering a reaffirmation agreement is a way that debtors in a Chapter 7 bankruptcy keep collateral attached to secured debt like houses or cars.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Collateral 52

Sawin & Shea

MAY 2, 2024

When You Have Too Much Debt to Handle Sometimes debt can pile up to the point where making even minimum payments feels impossible with your current income. 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.

Bankruptcy 52

Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

FEBRUARY 21, 2024

This is different from Chapter 7 bankruptcy which liquidates assets to pay back debts but does not involve a structured repayment plan. 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.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Repossession 52

Debt Free Colorado

DECEMBER 23, 2024

After completing the plan, any remaining unsecured debts may be discharged. To qualify for Chapter 13, You must have unsecured debt under $465,275 and secured debt under $1,395,875. How Can a Bankruptcy Lawyer Help Me With Managing Unsecured Debts? They will look at all your debts, income, and expenses.

Unsecured Debt 52

Unsecured Debt Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy 52

Sawin & Shea

JANUARY 5, 2022

Working with a lawyer will help ensure you get the most benefit from your case, and they can answer any questions and help alleviate your concerns. In some situations, debtors may be interested in adding secured debts to their bankruptcy after filing, and some secured debts are seen as both pre-petition and post-petition.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Creditors Bankruptcy Chapter 13 bankruptcy 52

Credit Corp

MAY 3, 2023

It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Usually during a Chapter 13 you only pay off part of your debts. Priority and secured debts, such as taxes or auto loans, are paid in full. The Trustee’s office then pays various creditors.

Chapter 13 bankruptcy 97

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 97

Debt Free Colorado

JANUARY 10, 2022

Secured debts can be discharged. Hiring a bankruptcy lawyer at The Law Office of Clark Daniel Dray can make all the difference in how your case plays out. appeared first on Denver Lawyer Clark Daniel Dray. You must pay the excess to the court if it exceeds the sum set. Overview of Chapter 13 – Reorganization.

Chapter 13 bankruptcy 59

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 59

Collections Law

JULY 1, 2020

A debtor who is unwilling to pay has to be pursued much more aggressively, and our diligent debt collection attorneys have the skills and knowledge to make this happen. There are several reasons why a business should hire an experienced collections lawyer who focuses on debt collection. Why Hire a Collections Attorney?

Mechanic’s Liens 52

Mechanic’s Liens Debt Recovery Collections Judgment 52

Sawin & Shea

APRIL 12, 2023

Chapter 13 takes into account your financial situation before filing for bankruptcy, too, but mainly focuses on developing a payment plan to address secured debt (which includes things like your house or car). What’s Wrong with Repaying Family or Friends Before I File for Bankruptcy?

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. What Debts are Discharged in Bankruptcy? Unsecured debts , including credit card and medical bills, as well as some judgments or past taxes, may be discharged. We recognize that you have many questions and that you want them all answered.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Sawin & Shea

APRIL 10, 2024

For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC. Reaffirming Debts in Chapter 7 Bankruptcy Chapter 7 bankruptcy allows you to discharge your unsecured accounts, but you cannot do away with a creditor’s a security interest, meaning a debt with collateral must either get paid or the collateral property surrendered.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52