Sawin & Shea
MARCH 7, 2023
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.
Sawin & Shea
MARCH 13, 2024
Entering a reaffirmation agreement is a way that debtors in a Chapter 7 bankruptcy keep collateral attached to secured debt like houses or cars. 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
OCTOBER 26, 2022
Unsecured loans are loans that don’t have collateral. If you fail to repay an unsecured personal loan, the lender cannot repossess your assets. Common unsecured loans include: Bank loans with no collateral. Repossession deficiency claims. You can also surrender the loan’s collateral in order to discharge the debt.
FFGN COLLECT NY
NOVEMBER 21, 2022
Seeking replevin is common and used by debt collection lawyers to recover goods or collateral for their clients. Replevin is available to a party seeking the return of goods pursuant to a court order directing a party to return the goods or collateral to you. Copies of the stamped filings should be attached.
Sawin & Shea
FEBRUARY 28, 2024
Unsecured loans don’t have collateral. If you fail to repay an unsecured personal loan, the lender cannot repossess your assets. Yes, if you need to get a personal loan after going through bankruptcy, secured loans that require collateral like a car title loan or home equity loan are easier to qualify for post-bankruptcy.
Sawin & Shea
OCTOBER 11, 2023
If a debt is secured, it means it is backed up by collateral property. If a debt is unsecured, no collateral is put up as a guarantee to pay. For the best advice and to ensure that your bankruptcy process will proceed as smoothly as possible, your best choice is to hire an experienced lawyer.
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.
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