Remove bankruptcy-debt-relief
article thumbnail

Chapter 13 and Gambling Debt

Sawin & Shea

Gambling debt can have a devastating impact on your life. Debts can pile up quickly and overwhelm your finances before you have a chance to catch up. Because of this, filing for bankruptcy is often one of the only options you may have. Can You File for Bankruptcy Due to Gambling Debt? What Is Chapter 13 Bankruptcy?

article thumbnail

What Is A Debt Relief Order?

Hudson Weir

If you’re struggling with personal debt, you may be searching online for ‘debt relief order UK’ looking for a solution to your troubles. At the time of writing you cannot currently apply for a debt relief order (a DRO) in Northern Ireland, or Scotland where the Minimal Asset Process is arguably the nearest equivalent.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Mistakes to avoid when filing for personal bankruptcy

Roths Child Law

If you are struggling to pay your debts, you have a number of options at your disposal. If these options are not possible, you may consider filing for bankruptcy. No matter how you handle it, bankruptcy can have a lasting impact on your life. And if you mismanage it, bankruptcy can compound your financial woes.

article thumbnail

Automatic Stay Timeline

Sawin & Shea

When an individual or business files for bankruptcy, an automatic stay immediately goes into effect. For debtors, the automatic stay provides critical breathing room to address financial issues under bankruptcy court protection. An automatic stay refers to the legal injunction put into place upon filing for bankruptcy.

article thumbnail

Does Filing for Bankruptcy Eliminate Debt?

Sawin & Shea

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?

article thumbnail

Debtor Education Course After Filing for Bankruptcy

Sawin & Shea

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.)

article thumbnail

Retirement Savings in Bankruptcy in Broomfield, CO

Debt Free Colorado

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.