article thumbnail

Nearly Half of Indiana Facing Medical Debt

Sawin & Shea

Indiana residents also struggle heavily with medical costs with an estimated 47% of Hoosiers having medical debts. If you’re struggling with medical debts, we encourage you to contact medical bill lawyers to go over options to make your medical debt more manageable. Indiana’s Medical Debt.

article thumbnail

Questions to Ask a Chapter 7 Bankruptcy Lawyer Before Filing for Bankruptcy

Sawin & Shea

If you’re struggling with debt and considering bankruptcy, speaking with a bankruptcy lawyer can help you determine your best options and give you some clarity on how the process works. At Sawin & Shea, LLC, our Chapter 7 Bankruptcy lawyers have helped clients just like you in the Indianapolis and surrounding areas.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consumer Debt vs. Non Consumer Debt

Sawin & Shea

If the amount is over 25% of the unsecured debt, the person qualifies for Chapter 13. If the amount is 25% or less than the person’s unsecured debts, the person filing can choose either Chapter 7 or Chapter 13. The post Consumer Debt vs.

article thumbnail

What You Need to Know About Medical Bankruptcy

Sawin & Shea

Generally speaking, you can use either Chapter 7 or Chapter 13 bankruptcy to accomplish the goal of erasing medical debt. Most medical debt is eligible for discharge in bankruptcy because it’s unsecured debtdebt that’s not secured by something tangible like a vehicle or house.

article thumbnail

Three Burr & Forman Partners Elected to the American College of Real Estate Lawyers

Burr Forman

Erin Hewitt , Judith McInnis , and Melinda Sellers have been elected to the American College of Real Estate Lawyers (ACREL). real estate lawyers. Erin has experience in all aspects of complex secured and unsecured debt financings, corporate mergers and acquisitions, and various sophisticated real estate transactions.

Lawyers 40
article thumbnail

Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Chapter 7 is a disaster when it comes to secured debt. . Chapter 7 will not assist you if your primary source of debt is a mortgage, auto loan, or other kinds of debt. Additionally, not all unsecured debt is dischargeable under Chapter 7. The means test decides who can seek debt relief.

article thumbnail

What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

In addition to unsecured personal loans, there are other types of unsecured debts, such as: Medical bills. Credit card debts. Unlike unsecured personal loans, secured loans involve some form of collateral that the lender can repossess if the borrower fails to make payments. Repossession deficiency claims.