Sawin & Shea

SEPTEMBER 14, 2022

With consumer debts, co-debtors receive the protection of an automatic stay. For example, if you co-own a house with someone filing Chapter 13 bankruptcy and the house is your primary residence, the automatic stay will protect you from a home foreclosure because it’s considered consumer debt.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Student loans 122

Sawin & Shea

OCTOBER 13, 2021

When you successfully strip a lien when filing for Chapter 13 bankruptcy, the lien undergoes the same treatment as other unsecured debts. Unsecured debts, such as debt accumulated from a credit card or medical bills, are discharged when you finish filing for Chapter 13.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 52

Roths Child Law

JUNE 17, 2021

If you're struggling with unsecured debts such as medical bills or credit cards, or you're facing foreclosure after falling behind on mortgage payments, then bankruptcy may be the ideal debt relief option. How else to tell when you need to file bankruptcy.

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Chapter 7 bankruptcy Bankruptcy Unsecured Debt Debtor 98

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. Ultimately, balances on most types of unsecured debts are discharged at the end of a plan.

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Chapter 13 bankruptcy Bankruptcy Repossession Foreclosure 52

Sawin & Shea

JULY 22, 2020

It stops creditors from pestering you and halts repossessions and foreclosures while you work on creating a repayment plan that’s reasonable for you to repay based on your income and assets. In a Chapter 13 you do not have to repay most debts in full. In fact, the U.S. What Is A Chapter 13 Repayment Plan?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Repossession 97

Sawin & Shea

AUGUST 2, 2023

Chapter 7 Chapter 7 bankruptcy (the most common form of bankruptcy ) essentially wipes away a large portion of your unsecured debts and includes rules to protect assets that are classified as exempt at the time you file. Unsecured debt includes things like credit card debt, medical debt, and personal loans.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Titan Consulting

SEPTEMBER 2, 2020

However, the long-term interest charged at the end of the promotional period could be as high as the existing debt, limiting its usefulness. HELOC ( home equity line of credit ) will convert unsecured debts into a secured loan using your home as collateral. What impact does debt consolidation have on my credit score?

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Debt Consolidation Unsecured Debt Consolidate Debt Personal loans 60

Debt Guru

JULY 19, 2020

Remember that there is unsecured debt (like your credit card balances) and secured debt (such as your mortgage and auto loan). The difference is that unsecured debts are not backed by collateral. You might be tempted to use your substantial home equity to consolidate debt. Don’t jeopardize your home.

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Debt Consolidation Unsecured Debt Collateral Personal loans 104

Jimerson Firm

AUGUST 7, 2020

The Act codifies existing common law in Florida regarding the right to have a receiver appointed by the court in commercial foreclosure actions, and provides much needed clarity, predictability, and uniformity on the standard for the appointment of a receiver and the powers of receivers. What is the Purpose of the Act? Conclusion.

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Sawin & Shea

JANUARY 11, 2024

Chapter 7 Bankruptcy: Straight liquidation bankruptcy that wipes out eligible debt completely Stop creditor harassment, lawsuits, wage garnishment Get a discharge of most unsecured debts like credit cards and medical bills in just a few months Certain assets like cars or houses can be “reaffirmed” and kept after bankruptcy Qualification (..)

Education 52

Education Debtor Bankruptcy Chapter 13 bankruptcy 52

Roths Child Law

JUNE 17, 2021

If you're struggling with unsecured debts such as medical bills or credit cards, or you're facing foreclosure after falling behind on mortgage payments, then bankruptcy may be the ideal debt relief option. How else to tell when you need to file bankruptcy.

Chapter 7 bankruptcy 40

Chapter 7 bankruptcy Bankruptcy Unsecured Debt Debtor 40

Titan Consulting

AUGUST 23, 2020

Chapter 7 liquidates assets and discharges qualified debts. The process takes less than a year and can eliminate the balance on most unsecured debts. Protect secured debt (home and car) from default to avoid a repossession or foreclosure. Filers must pass a means test to qualify for a chapter 7 bankruptcy.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Albuquerque Law

MAY 6, 2020

To qualify for Chapter 13, you must be able to show evidence of reliable income, and your total secured and unsecured debts must be under a certain amount for each. This is because the main goal of the program is to restructure your payment plans and use reliable income to pay back debt.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Foreclosure 40

Titan Consulting

JULY 22, 2020

Banks, worried about an impending recession and a rise in foreclosures, are taking steps to lower lending risks. Before you consider filing for bankruptcy, investigate debt negotiation options for unsecured debts like credit cards, which may offer the relief you need without the negative impact of bankruptcy.

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Foreclosure Bankruptcy Loans Banks 75

Sawin & Shea

JUNE 7, 2023

Cosigner Responsibilities: Bankruptcy and Debt Collection If a primary borrower declares bankruptcy, the co-signer associated with the debt may be responsible to pay back creditors, but this will depend on the type of bankruptcy that the primary debtor filed.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Personal loans 52

Sawin & Shea

SEPTEMBER 20, 2023

There is a special unlimited exemption available for married couples holding real estate as tenants by the entirety as long as there is no joint unsecured debt. Under Indiana’s Homestead Exemption, you can keep up to $22,750 in equity in your home if you’re single and up to $45,500 if you’re married.

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Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Debt Free Colorado

MARCH 3, 2023

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. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off?

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Sawin & Shea

MARCH 13, 2024

A Chapter 13 is a great way to help people get caught up on secured debt that they are behind on. We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items.

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Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Collateral 52

Credit Corp

MAY 3, 2023

Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. to 5 years Debt limitations n/a Combined secured and unsecured debts must be less than $2,750,000 n/a Who Can File for Each Type of Bankruptcy? Yes Yes Yes Can businesses file? A few months 3 to 5 years 1.5

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 97

Sawin & Shea

OCTOBER 20, 2021

This shorter period is likely because most individuals who file Chapter 13 will still have to pay some debts back through a payment plan rather than having it entirely discharged. However, it can give you an opportunity to reorganize under the court’s protection and make plans on how to ultimately deal with the debts.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Unsecured Debt 52

Sawin & Shea

OCTOBER 20, 2021

This shorter period is likely because most individuals who file Chapter 13 will still have to pay some debts back through a payment plan rather than having it entirely discharged. However, it can give you an opportunity to reorganize under the court’s protection and make plans on how to ultimately deal with the debts.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Unsecured Debt 52

Troutman Sanders

MAY 2, 2023

On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act. For more information, click here. For more information, click here.

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