Why People Resist Bankruptcy

Sawin & Shea

Bankruptcy is a smart, legal, and effective way to wipe out a mountain of old debts. There are many reasons why people resist bankruptcy, but some are based on fiction rather than facts. If you think bankruptcy is rare, think again. Feeling Resistant to Bankruptcy?

Bankruptcy and Tax Refund Strategies

Sawin & Shea

For someone who’s pursuing Chapter 7 bankruptcy , this is especially important. Chapter 7 bankruptcies are liquidation bankruptcies, meaning non-exempt assets can be liquidated to pay your creditors back something. The Timing Matters for Your Bankruptcy Tax Strategy.


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Chapter 13 Bankruptcy and Student Loans

Sawin & Shea

It’s no surprise then that thousands of individuals with student loan debt end up turning to bankruptcy for help. Though filing for bankruptcy may seem scary, there are many ways that it can help those drowning in debt get back on track. How Does Student Loans Bankruptcy Work?

Bankruptcy and Your 2021 Stimulus Check

Sawin & Shea

But for those contemplating bankruptcy, it brought a new worry. Will bankruptcy take away my stimulus check?”. This has become a common question for bankruptcy attorneys across the nation. So let’s clear up your concerns about bankruptcy and your stimulus money.

Bankruptcy and Unemployment

Sawin & Shea

In this situation, you may be wondering whether bankruptcy could be a good solution. Let’s look at how bankruptcy works when you’re unemployed and whether this could be a path to clearing away all that old debt. Income Requirements for Bankruptcy.

Do You Have to Get Debt Counseling Before Bankruptcy?

Sawin & Shea

Filing for bankruptcy is a process. As part of that process, the bankruptcy law requires that you get a certificate that evidences you did a pre-filing counseling session with an approved agency. It also talks about using repayment plans instead of declaring bankruptcy.

How are Medical Bills Treated in Chapter 13 Bankruptcy?

Sawin & Shea

Filing for Chapter 7 or Chapter 13 Bankruptcy: Chapter 7 will wipe out (discharge) your medical debt along with other unsecured debt, but you must have low enough income to pass the means test in order to qualify for it. Chapter 13 bankruptcy is discussed below.

Eviction and Bankruptcy

Sawin & Shea

Although filing for bankruptcy can solve many of the issues you are dealing with, ease your stress level, and give you a chance to breathe, it cannot remove all of your worries. How does filing for bankruptcy affect a possible eviction?

What You Need to Know About Medical Bankruptcy

Sawin & Shea

up to 62% of bankruptcies now include significant medical debt. Many people are turning to medical bankruptcy, which is a bankruptcy that wipes out all bills related to an expensive health situation. Discharging Debt with Medical Bankruptcy in Indiana. Bankruptcy Code.

Credit Reporting During and After Bankruptcy

Sawin & Shea

Have you wondered what will happen to your credit report during and after your bankruptcy? When you’re working with a bankruptcy attorney at Sawin & Shea, one of the services we offer is reviewing your credit report. Your Credit Report as Part of Your Bankruptcy.

Debts That Can’t Be Discharged During Bankruptcy

Sawin & Shea

It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Taking that into account, we’ll focus on Chapter 7 Bankruptcy. of the people who file for bankruptcy cite medical issues as the main reason.

When Is the Right Time to Be Thinking About Bankruptcy?

Sawin & Shea

If you have been hit hard by the economic upheaval of the coronavirus, filing for bankruptcy may be your best option. At What Point Should I Start Thinking About Bankruptcy? However, selling your possessions may be better left for later if you see bankruptcy at all in your future.

Getting Approved for a Loan After Bankruptcy

Sawin & Shea

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. Chapter 7 bankruptcy: In this type of bankruptcy, your non-exempt assets (if any) have been liquidated to pay off a percentage of your debts.

How Is Household Size Determined in Bankruptcy?

Sawin & Shea

Determining household size is an important measurement when facing bankruptcy. In fact, correctly determining household size can determine your eligibility for Chapter 7 bankruptcy. If your income is below the median, you are considered eligible for a Chapter 7 bankruptcy.

COVID-19 Bankruptcies


American consumers will be filing personal bankruptcies in record numbers by the end of 2020. That is the projection from bankruptcy attorneys, bankers and other experts who project that the COVID-19 era will lead to a historic financial tsunami. Bankruptcy COVID-19

How Can I Eliminate Tax Debts In Bankruptcy?

Sawin & Shea

One of the things that people hear about bankruptcy is that it usually doesn’t discharge some debts owed to the government, like taxes. Even if you have a large burden of tax debt that is making it extremely difficult to reconcile your finances, bankruptcy can’t always help.

I’m Self Employed: What Are My Bankruptcy Options?

Sawin & Shea

Nobody wants to be in a situation where they have to file for bankruptcy, but for the self-employed, it can be a doubly crushing blow. You may even have doubts about whether or not self-employed people are eligible to file for bankruptcy.

Filing Bankruptcy Without Your Spouse: What Happens to Debts & Property?

Sawin & Shea

If you’re married and considering bankruptcy in Indiana, you’re probably wondering whether you can file alone and how this could impact your spouse. This is one of the most common questions for bankruptcy attorneys. Yes, you can file bankruptcy without your spouse.

Will Everyone Know If I File for Bankruptcy?

Sawin & Shea

If you are worried that people will know you’re filing for bankruptcy, let’s put your mind at ease. The widespread publishing of bankruptcy filings in local newspapers is a thing of the past. In fact, look closely at any bankruptcy notices that do appear in your local newspaper.

The 6 Stages of Bankruptcy

Luftman, Heck & Associates.

While most people know that bankruptcy is a way to discharge or eliminate debt, few know how it happens. Not knowing what to expect during the bankruptcy process can make the idea more intimidating than it has to be. Bankruptcy

Can You Sell Your Home if You File for Bankruptcy in Indiana?

Sawin & Shea

What you will learn from reading this article: Facts about selling your home while going through bankruptcy. Details about Chapter 7 and Chapter 13 Bankruptcies and your house. You will need the advice of an experienced bankruptcy attorney as soon as possible!

How Much Does a Bankruptcy Attorney Cost?

Luftman, Heck & Associates.

If you’re considering bankruptcy, you probably want to know more about the process and what it costs. Many people who reach out to bankruptcy attorneys are worried about bankruptcy-related expenses, including attorney’s fees. The post How Much Does a Bankruptcy Attorney Cost?

What Are My Repayment Obligations Under Chapter 13 Bankruptcy?

Sawin & Shea

When you’re considering Chapter 13 bankruptcy, you’re also wondering how much of your debt you’d be obligated to pay back. Let’s take a look at a debtor’s obligations under Chapter 13 bankruptcy. What Is A Chapter 13 Bankruptcy Plan? Filing for bankruptcy is not the end.

Debunked: Myths about Chapter 11 bankruptcy

Albuquerque Law

Business owners have several options to handle their debt, including Chapter 11 bankruptcy. However, many business owners avoid bankruptcy because of the common myths surrounding this debt relief option. Business owners must be aware of these myths – and the truth about Chapter 11 bankruptcy. However, Chapter 11 bankruptcy is also called a reorganization bankruptcy. The type of bankruptcy businesses file depends heavily on their specific circumstances.

Can Criminal Fines Be Discharged in Bankruptcy?

Luftman, Heck & Associates.

No one decides on bankruptcy because of one over-due bill. You must understand what is and is not dischargeable in bankruptcy, especially if you’re weighed down by certain fines based on a past criminal conviction. While bankruptcy may still be Read More. Bankruptcy

Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2020

In the Red

Each year amendments are made to the rules that govern how bankruptcy cases are managed — the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others.

Non-Bankruptcy Litigation in Bankruptcy Court


related to [bankruptcy] cases,” [1] bankruptcy courts see “related to” civil litigation of almost every type and flavor. There should be no fear that bankruptcy judges are categorically incapable of resolving such disputes correctly under non-bankruptcy law.

Important: Keep all bankruptcy documents

Albuquerque Law

Receiving the discharge letter after navigating the bankruptcy process can bring a great feeling of relief. One step that you should not overlook involves collecting all of the documents you amassed during the bankruptcy process and organizing them for safekeeping. Even after you receive a discharge of your debts, it is often in your best interest to keep a file containing all of the documents from your bankruptcy case. Copies of the documents in your bankruptcy petition.

Bankruptcy for Married Couples

Matthew Alden

Among the options available is bankruptcy for married couples. The post Bankruptcy for Married Couples appeared first on Cleveland Ohio Bankruptcy Attorneys. Bankruptcy Chapter 13 Chapter 7

Can I Discharge an Unemployment Overpayment in Bankruptcy?

Luftman, Heck & Associates.

If you are in debt and considering bankruptcy, please keep reading to find out if you can discharge unemployment Read More. The post Can I Discharge an Unemployment Overpayment in Bankruptcy? appeared first on Cleveland Ohio Bankruptcy Attorneys. Bankruptcy

Can I Protect My Home and Personal Property in Bankruptcy?

Sawin & Shea

If you’re filing for bankruptcy, you might be assuming that you’ll lose your house and personal property. How Do I Protect My Home During Bankruptcy? During your bankruptcy, you can protect your home in two main ways. Sawin & Shea – Indianapolis Bankruptcy Attorneys.

How to File Bankruptcy When You’re Self-Employed

Luftman, Heck & Associates.

The post How to File Bankruptcy When You’re Self-Employed appeared first on Cleveland Ohio Bankruptcy Attorneys. BankruptcyIt can be incredibly rewarding to own your own business.

Is Filing for Chapter 7 Bankruptcy Right for You?

Luftman, Heck & Associates.

Deciding whether or not to file for bankruptcy is a struggle for many. The idea of getting all your debts eliminated is appealing, but, bankruptcy makes people nervous. Chapter 7 bankruptcy in particular can be intimidating because many people believe it will ruin your credit forever.

Why Car Insurance is Important During Chapter 13 Bankruptcy

Luftman, Heck & Associates.

Chapter 13 bankruptcy can help consolidate your debt so you can repay it, usually over 3 to 5 years. The post Why Car Insurance is Important During Chapter 13 Bankruptcy appeared first on Cleveland Ohio Bankruptcy Attorneys. Bankruptcy Chapter 13

How Often Can You File for Bankruptcy in Ohio?

Luftman, Heck & Associates.

People suffering under too much debt often choose to file for bankruptcy to get a fresh start. Can you file for bankruptcy more than once in Ohio? The post How Often Can You File for Bankruptcy in Ohio? appeared first on Cleveland Ohio Bankruptcy Attorneys. Bankruptcy