Hudson Weir

SEPTEMBER 4, 2023

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.

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Titan Consulting

JULY 22, 2020

The CARES Act offers limited relief in the form of one-time direct payments and extended unemployment benefits, but for many, it is not enough to shore up finances. While business bankruptcies make the news, experts expect personal bankruptcies to follow. Especially after stopgap measures like extended unemployment end.

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ABI

JANUARY 12, 2022

American Bankruptcy Institution Law Review Staff. . In general, a student loan may not be discharged under title 11 of the United States Code (the “Bankruptcy Code”) unless the debtor demonstrates “undue hardship.” [1] seeking a discharge of her student loan debt pursuant to § 528(a) of the Bankruptcy Code. [7].

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Credit Corp

OCTOBER 31, 2021

If you feel burdened under the weight of student loan debt, you’re not alone. In 2019, the average student loan debt total per person was more than $31,000. Student loan forgiveness potentially wipes out the remaining debt that you owe. Here are a few ways you may be able to get your student loan debts forgiven.

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Titan Consulting

AUGUST 9, 2020

You can also stretch the time, up to three years, that you must pay the normal income tax due on the withdrawal. You can add money to accounts with pre-tax dollars, lowering taxable income, and accelerating compound growth. It is also possible to spread the taxes owed over three years.

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BN Lawyers

MAY 8, 2019

The controversial ruling, which pertains to the treatment of municipal revenue debt, has left investors with questions about the value and significance of a revenue pledge in a municipal bankruptcy. The ruling reversed long-held practice as to the mandatory application of special revenues following municipal bankruptcy.

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Troutman Sanders

DECEMBER 20, 2022

The case presents a question about the scope of a furnisher’s duty to investigate “legal” inaccuracies or disputes concerning the legal validity of a debt obligation as opposed to factual inaccuracies involving tradelines in a consumer report. d/b/a Premier Student Loan Center, a student-loan debt-relief company.

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ABI

JANUARY 10, 2020

American Bankruptcy Institute Law Review Staff Member. Luxurious lifestyles alone do not violate the good faith requirement for proposing a plan of reorganization under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”). John’s University School of Law. per year. [5]

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Collection Industry News

MAY 18, 2021

On one side of the register, there are expenses: utilities, insurance, trash pickup, mortgages and property taxes. Ending the moratorium is expected to open the flood gates on eviction cases, utility shutoffs and property tax appeals by landlords, which could affect municipal services across New Jersey. While any of the state’s 1.2

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