Sawin & Shea

DECEMBER 28, 2023

Filing for Chapter 13 bankruptcy can provide much-needed relief if you are overwhelmed with debt and struggling to keep up with payments. Under Chapter 13, you repay a portion or all of your debt, allowing you to keep assets like your home or car. What Is Chapter 13 Bankruptcy? You can file Chapter 13 repeatedly.

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Chapter 13 bankruptcy Bankruptcy Repossession Foreclosure 52

Sawin & Shea

APRIL 17, 2024

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Sawin & Shea

OCTOBER 11, 2023

People file for bankruptcy for any number of reasons, from job loss, to unpaid medical bills , to sky-high credit card bills. And it’s not an uncommon event either– roughly 375,000 people filed for bankruptcy in 2022 alone. There are some debts that filing for bankruptcy will not discharge.

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Bankruptcy Student loans Student Loans Chapter 7 bankruptcy 52

Albuquerque Law

JANUARY 13, 2022

Thankfully, there are various options that you can pursue to find relief from debt and get a fresh start. However, many New Mexicans considering these options often wonder: when is it the right time to seek such debt relief? For example, before filing bankruptcy, you may wish to consider: If you will be paying taxes soon.

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Bankruptcy Chapter 7 bankruptcy Foreclosure Collections 63

Sawin & Shea

JANUARY 11, 2024

Staring down mountains of debt can feel overwhelming. 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. Each type of bankruptcy is named after the chapter of the code that describes it.)

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Education Debtor Bankruptcy Chapter 13 bankruptcy 52

Roths Child Law

JUNE 17, 2021

Situations such as these may call for debtors to file bankruptcy. You'll need to pass the means test to qualify to file Chapter 7 bankruptcy. Bankruptcy Court conditions its decision about whether to let a debtor file Chapter 7 bankruptcy on whether they pass their means test. What is the means test, and how does it work?

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Chapter 7 bankruptcy Bankruptcy Unsecured Debt Debtor 98

Credit Corp

FEBRUARY 9, 2024

They can then sell your house to help repay the debt you owe on it. Foreclosure and Your House-Related Debt Foreclosure actions can wipe out some of the property owner’s debt, such as the original mortgage, home equity loans, and second mortgages. Service member relief. File for bankruptcy. What Is Foreclosure?

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Sawin & Shea

AUGUST 23, 2023

How will I get under my debt? If worries about debt resonate with you, again, you’re not alone. The typical American household carries an average of $101,915 of debt contributing to a staggering $17 trillion of personal debt as a nation as of the end of 2023’s first quarter. Which Bankruptcy Clears All Debt?

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

OCTOBER 12, 2022

Filing Chapter 7 bankruptcy provides numerous Indiana residents with debt relief. Fortunately, the vast majority of Chapter 7 filers are able to retain all of their property while also discharging their debts. Indiana Chapter 7 Bankruptcy Exemptions. Ways to Keep Your Nonexempt Property During Chapter 7 Bankruptcy.

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Debt Free Colorado

DECEMBER 30, 2023

Bankruptcy is Not Always Disadvantageous for Your Retirement Savings In today’s economic landscape, unforeseen challenges can lead individuals to consider bankruptcy as a viable option. One crucial aspect that often concerns people contemplating bankruptcy is the fate of their retirement savings.

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Direct Recovery

APRIL 17, 2023

If you’re drowning in debt, you might feel like you are all alone with no way out. California has one of the highest bankruptcy rates in the country, but the majority of consumers here still need to learn more about the process involved to make informed decisions on whether it might be a good option for them.

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Bankruptcy Student loans Student Loans Lawyers 52

Sawin & Shea

OCTOBER 5, 2022

Student loan debt is a serious problem in the United States, and it’s an issue that impacts millions of Americans. As of January 2022, around 45 million people have student loan debt, which is 13.5% The total collective amount of federal and private student debt is around $1.75 They can even intercept your federal tax refund.

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Student loans Student Loans Loans Garnishment 93

Sawin & Shea

FEBRUARY 1, 2023

The time period leading up to filing for bankruptcy is extremely stressful, as you know. You probably heaved a sigh of relief once you received your case number and were assured that an automatic stay was in effect. Who knows how to get debt collectors to stop calling after bankruptcy? Why would such a thing even happen?

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Sawin & Shea

SEPTEMBER 27, 2023

Filing for bankruptcy can provide you with a much-needed second chance when it comes to your finances. If you are a victim of debt collector harassment, it’s important to know the debt collection laws, and consider your options for debt relief. What is Chapter 7 Bankruptcy?

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Debt Guru

AUGUST 30, 2021

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. But before you seek relief from a professional, you should understand your options. So, when should you seriously consider debt relief?

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Titan Consulting

AUGUST 23, 2020

Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. You must qualify to file for bankruptcy, and your income must meet an income means test. When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery?

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Credit Corp

MAY 3, 2021

NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to May 17, 2021. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn More.

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Better Credit Blog

FEBRUARY 11, 2022

Can reduce your debt by 30% on average. Rated the best debt relief company on Trustpilot. A Guide to Debt Settlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. About National Debt Relief. Key Takeaways.

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Credit Corp

MAY 17, 2021

The American Rescue Plan Act is a federal law that was passed to help provide a third round of relief to Americans during the COVID-19 crisis. But those who are struggling with debt might wonder: Can my stimulus check be garnished for credit card debt or other money owed. Federal or State Tax Debt: No.

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Better Credit Blog

JANUARY 11, 2022

Feeling crushed by debt is one of the most stressful situations possible, but there are options. If you find yourself saddled with more debt than you can reasonably pay off in a timely manner, you can always file for bankruptcy. Ad See how much you could save by consolidating your debt! About Bankruptcy.

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Better Credit Blog

JANUARY 20, 2022

In this review of Freedom Debt Relief, we’ll explain how the company can help if you’re struggling with unpaid bills. If you sign up to Freedom Debt Relief’s program, an advisor from the company will: Offer you a free financial evaluation as the first step. Select your state to begin applying for a debt relief program.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Debt Free Colorado

DECEMBER 9, 2021

Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.

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Better Credit Blog

APRIL 11, 2022

If you’re wondering how to get out of debt, you’re not alone. In 2021, the national household debt balance reached $14.96 Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? How Debt Can Impact Your Life.

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Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances. Do bankruptcies come in different types?

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Sawin & Shea

AUGUST 4, 2021

Even if the lender does forgive the amount of the loan not paid upon closing, you may be taxed on this money by the IRS. If you are struggling to pay other debts, a bankruptcy will make more sense for you. What if you file for Chapter 7 bankruptcy? Is it better than bankruptcy?

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Bankruptcy Chapter 7 bankruptcy Foreclosure Lender 52

Albuquerque Law

OCTOBER 2, 2020

When business owners decide to file Chapter 11 bankruptcy, they suddenly have a lot on their plate. After all, pursuing debt relief on top of running a business can be complex. Like in other chapters of bankruptcy, you must take inventory and assemble a list of the company’s property, such as: The business’s assets.

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Bankruptcy Lawyers Creditors Banks 58

Better Credit Blog

MAY 4, 2022

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. There are several ways to consolidate debts.

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Roths Child Law

JULY 12, 2020

Studies indicate that many Americans live from paycheck to paycheck because they have too much debt and not enough income to pay down their balances. Around one in three consumers in the United States actually have delinquent debt, and they may be looking for ways to deal with this debt effectively. Potential drawbacks .

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Bankruptcy Chapter 13 bankruptcy Creditors Collections 40

Titan Consulting

JUNE 7, 2020

Congress allows employers to now pay up to $5,250 without a tax impact to the borrower. The CARES Act offers both direct and indirect relief to consumers with outstanding student loans. Payment relief includes both direct and FFEL (Federal Family Education Loans) loans and lasts through September 30, 2020.

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Student loans Student Loans Loans Accrued Interest 64

Debt Free Colorado

JANUARY 10, 2022

When someone finds themselves in financial distress, they may consider filing for bankruptcy. But just like choosing a doctor or an in-law, not all forms of bankruptcy are the same and selecting the wrong one can wind up doing more harm than good. . Which type of bankruptcy should you take? Bankruptcy Defined.

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Jimerson Firm

MAY 5, 2021

Certain entities facing ongoing financial hardship will chose to seek Chapter 11 or other bankruptcy protection, and while PPP loan and Coronavirus-related EIDL generally are forgivable, exactly how such loan default will be treated through reorganization is the subject of much current litigation and has yet to be fully determined.

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Collateral Loans Government Debtor 98

Roths Child Law

JUNE 17, 2021

Situations such as these may call for debtors to file bankruptcy. You'll need to pass the means test to qualify to file Chapter 7 bankruptcy. Bankruptcy Court conditions its decision about whether to let a debtor file Chapter 7 bankruptcy on whether they pass their means test. What is the means test, and how does it work?

Chapter 7 bankruptcy 40

Chapter 7 bankruptcy Bankruptcy Unsecured Debt Debtor 40

Albuquerque Law

OCTOBER 2, 2020

When business owners decide to file Chapter 11 bankruptcy, they suddenly have a lot on their plate. After all, pursuing debt relief on top of running a business can be complex. Like in other chapters of bankruptcy, you must take inventory and assemble a list of the company’s property, such as: The business’s assets.

Bankruptcy 40

Bankruptcy Lawyers Creditors Banks 40

Troutman Sanders

DECEMBER 8, 2022

On December 5, an Arizona Superior Court for Maricopa County issued an Order to Show Cause to the state of Arizona and scheduled an expedited evidentiary hearing in a suit challenging the newly passed Arizona Protection from Predatory Debt Collection Act (the Act), also known as Proposition 209.

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Roths Child Law

JUNE 21, 2020

Bankruptcy is a valuable financial tool that can bring about immediate debt relief and help lay the groundwork for a stronger financial future. There is a stigma attached to bankruptcy, however, as well as several myths that tend to circulate about it. You also can't discharge any tax debt that you owe.

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Credit Corp

MARCH 9, 2021

Otherwise, your tax refund could be taken from you. Use these tips to prevent your student loan status from impacting your income tax refund. How Do I Know If My Student Loan Will Take My Tax Refund? How Do I Know If My Student Loan Will Take My Tax Refund? What Happens When Student Loans Take My Tax Refund?

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Student loans Student Loans Loans Garnishment 98

Fraser

JUNE 25, 2020

It should come as no surprise, therefore, that the economic downturn has led to a surge in corporate bankruptcy filings. According to data from Epiq Global, 722 companies sought bankruptcy protection around the U.S. Penny, more businesses are seeking refuge to restructure their debts. From Hertz to J.C. First Day” Motions.

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