Sawin & Shea

OCTOBER 26, 2022

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation. Payday loans.

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Sawin & Shea

SEPTEMBER 13, 2023

When you are struggling to pay your bills, there may come a point where you are faced with deciding between bankruptcy vs foreclosure. If you choose bankruptcy, there are also different options depending on whether you choose a Chapter 13 bankruptcy or a Chapter 7 bankruptcy. Bankruptcy vs. Foreclosure: Which is Worse?

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Credit Corp

MAY 30, 2023

Bankruptcy can happen to anyone—despite their best efforts. And while most people understand that bankruptcy is generally bad for them, many don’t realize the details of how it can impact you. Read below to find out what happens to your credit score after bankruptcy and what you can do to repair your credit afterward.

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Consumer Finance

APRIL 24, 2024

In FTX’s bankruptcy filing was an unusual item: a deposit account held by FTX worth roughly $50 million at Farmington State Bank. As Americans suddenly realized they could not withdraw their funds from Sam Bankman-Fried’s FTX in November 2022, they wondered whether they would ever get their money back.

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Sawin & Shea

FEBRUARY 16, 2022

An emergency bankruptcy is a bankruptcy filing method that expedites the filing process to stop creditors and bill collectors from seeking debts from borrowers. Individuals can file an emergency bankruptcy, also known as a skeleton bankruptcy, under Chapter 7 and Chapter 13. When to File an Emergency Bankruptcy.

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Sawin & Shea

AUGUST 17, 2022

There are two primary types of bankruptcies that a person might file when struggling to pay their debts: Chapter 7 and Chapter 13. In a Chapter 13 bankruptcy , the debtor agrees to a payment plan instead of having their property taken to pay creditors. Ways Debtors Try to Hide Their Assets in Bankruptcy.

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Sawin & Shea

JUNE 16, 2021

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. This is not true. More on both of those below.).

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Sawin & Shea

OCTOBER 12, 2022

Filing Chapter 7 bankruptcy provides numerous Indiana residents with debt relief. If you’re considering filing for Chapter 7 bankruptcy, you need to know what types of property may be vulnerable, and how you may be able to keep all of your possessions. Indiana Chapter 7 Bankruptcy Exemptions.

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Sawin & Shea

JUNE 28, 2023

People file for bankruptcy for any number of reasons, from sky-high medical expenses to loss of income and the inability to make their mortgage payments each month. But filing for bankruptcy isn’t a shameful or immoral act. In some cases, people have spent beyond their means, and now it’s time to repay their debts.

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Debt Free Colorado

OCTOBER 12, 2023

What Our Bankruptcy Attorneys Can Help With When Filing Bankruptcy in Colorado Financial burdens and the possibility of a new beginning can trigger various emotions. If you have already decided to file for bankruptcy, it is crucial to tackle this challenging undertaking with a balanced mentality.

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Sawin & Shea

FEBRUARY 2, 2021

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. These are the agencies credit unions and banks use.

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Troutman Sanders

FEBRUARY 16, 2024

Bankruptcy Court for the District of Iowa, absent a plan provision providing otherwise, those funds revert to the debtors. Apparently, three years prior to the bankruptcy filing, the debtors had a vehicle repossessed by the bank. According to the U.S. Two months later, the trustee received a check in the amount of $4,883.43.

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Sawin & Shea

AUGUST 31, 2020

If you have been hit hard by the economic upheaval of the coronavirus, filing for bankruptcy may be your best option. At a time when thousands are already struggling with historic stressors due to the uncertainty caused by the pandemic, it may be that bankruptcy could relieve the pressures you find yourself facing.

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Sawin & Shea

MARCH 30, 2021

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. For both of these types of bankruptcy, you will need to gather some paperwork. Chapter 13.

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Sawin & Shea

APRIL 19, 2023

You’ll also learn how bankruptcy can help if you do find yourself in an untenable financial situation. To get a payday loan, you need to be at least 18 years old and have a bank account and the ability to verify your identity. Can You File Bankruptcy on Payday Loans? A common question is, “Does bankruptcy cover payday loans?”

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Sawin & Shea

DECEMBER 29, 2021

The bankruptcy process involves looking at your assets. In a Chapter 7, or liquidation bankruptcy, some of your property may not be protected, and you could lose it. However, after you file, a bankruptcy trustee will review your list of exempted assets to determine whether or not you have the right to protect the claimed property.

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Sawin & Shea

OCTOBER 25, 2023

If you’ve landed in a fiscal jam, you may wonder if you can file bankruptcy on a timeshare. Declaring bankruptcy will discharge most of your debt, including your timeshare ownership Here is all the info you need on timeshare bankruptcies. The post Can You Get Rid of a Timeshare if You File for Bankruptcy?

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Sawin & Shea

FEBRUARY 8, 2023

Bankruptcy is a great option for many, as it can help people get back on track with their finances. Plus, these bankruptcy options also provide protection from creditors. Here are some expert tips for rebuilding your credit and finding the best credit cards after bankruptcy. You may have to start small, with a secured card.

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Albuquerque Law

APRIL 6, 2022

Their first worry often revolves around whether or not they will lose the benefits they need if they decide to file bankruptcy. Both federal and New Mexico rules classify most government benefits as exempt property in a bankruptcy filing. In short, you will likely not lose your government benefits if you move forward with bankruptcy.

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Collection Industry News

DECEMBER 10, 2023

US bankruptcy filings rose 18% in 2023 due to higher interest rates, tougher lending standards, and the continued end of pandemic-era support measures, according to data from bankruptcy data provider Epiq AACER. ” Total bankruptcy filings were 34,447 in December 2023, a 16 percent increase from the December 2022 total of 29,654.

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Sawin & Shea

MARCH 14, 2023

Indiana allows debtors to exempt assets when filing for bankruptcy up to a certain monetary amount, and that amount recently increased. In this blog, we’ll share the details regarding this exemption increase, the different exemption categories, and how these exemptions impact Chapter 7 and Chapter 13 bankruptcy.

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Sawin & Shea

NOVEMBER 2, 2022

If you’re concerned about the potential impact of bankruptcy on your spouse, you’re not alone. This is one of the top questions married people have about filing for bankruptcy in Indiana. First, you should know that choosing bankruptcy is a smart, proactive way of lifting the burden of overwhelming debt. Bankruptcy Code.

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Jimerson Firm

DECEMBER 29, 2023

When a debtor files for bankruptcy, a creditor may be able to seek dismissal of the bankruptcy if the petition was filed in bad faith. This article will provide an overview of the options available to a creditor if a debtor with primarily consumer debts files for Chapter 7 bankruptcy. What is a Bad Faith Filing in Bankruptcy?

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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. However, the process of going through Chapter 7 can be complicated and stressful to ensure you can keep what you need to continue living your life even after bankruptcy. What is Chapter 7 Bankruptcy?

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Sawin & Shea

JUNE 18, 2020

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. So if you’re about to lose your home, you may be able to use bankruptcy to stop the process.

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Debt Free Colorado

NOVEMBER 18, 2023

Do not let the weight of post-bankruptcy credit challenges stop you from financial freedom Filing for bankruptcy is undoubtedly a challenging decision, one that can have a significant impact on your financial stability and creditworthiness. How Does Bankruptcy Affect Credit? Bankruptcy is not the best option for anyone.

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Debt Free Colorado

JANUARY 27, 2022

You’ve undoubtedly heard of bankruptcy. Some people swear they’ll never file bankruptcy, while others regularly use it as a tool. Our competent bankruptcy attorney at Dray Legal can explain this in more detail. Our competent bankruptcy attorney at Dray Legal can explain this in more detail.

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PBWT

NOVEMBER 20, 2022

Earlier this year, we wrote about the challenges facing the crypto industry that resulted in the bankruptcy filings of Three Arrows Capital, Celsius Network, and Voyager Digital. On November 11, FTX Trading LTD and approximately 130 of its affiliates filed voluntary chapter 11 bankruptcy petitions in Delaware.

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Troutman Sanders

JULY 31, 2023

In April, we discussed how Colorado’s state supreme court issued its highly anticipated decision confirming a borrower’s bankruptcy discharge does not accelerate secured installment debt or trigger the final statute of limitations period to recover the debt. USAA Federal Savings Bank. Kurtz and Merritt v.

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Hudson Weir

NOVEMBER 12, 2021

In recent articles we’ve covered insolvency in great detail, but what is bankruptcy and is it any different? In recent years, the bankruptcy rate in the UK increased steadily. So, what is bankruptcy exactly? What is bankruptcy? As with insolvency in the UK, personal bankruptcy laws originate from the Insolvency Act 1986.

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Account Recovery

MAY 27, 2021

The Connecticut Department of Banking is not happy with a debt collector that filed for bankruptcy protection without making the proper notifications, among other alleged violations, and has issued a $500,000 fine, revoked its license, and ordered it to cease and desist from violating state law, although many of the penalties are likely to be … (..)

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PBWT

NOVEMBER 15, 2020

The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy. In 2008, Greektown Casino, Holdings, and other related entities filed for bankruptcy. Based on Merit Management , the Sixth Circuit vacated the bankruptcy court’s ruling and remanded. See 11 U.S.C. §§

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Albuquerque Law

MARCH 11, 2021

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. This file should generally include: A copy of your bankruptcy filing.

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Roths Child Law

APRIL 12, 2021

With just $15 left in their bank, one Baby Boomer made peace with the fact that she had less than others. Where she once had been a millionaire, she now had to file for Chapter 13 bankruptcy to repay her debts. During it, her balance fell to just $15 in the bank. She moved to Iowa, where the cost of living was much lower.

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Sawin & Shea

AUGUST 4, 2021

If you are struggling to pay other debts, a bankruptcy will make more sense for you. What if you file for Chapter 7 bankruptcy? On the other hand, you will still be liable for homeowner’s association fees until the bank/lender manages to foreclose on your house. Is it better than bankruptcy? What is worse?

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Hudson Weir

JULY 11, 2022

In recent articles, we’ve covered insolvency in great detail, but what is bankruptcy and is it any different? The bankruptcy rate in the UK had been increasing steadily in recent years. So, what is bankruptcy exactly? How long does bankruptcy stay on your credit report in the UK? What is bankruptcy?

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Roths Child Law

APRIL 4, 2022

You're facing bankruptcy because your income is simply no longer enough to support all of the bills that you have. You do hope that that changes, but it hasn't yet, and you're considering bankruptcy as a way to reorganize your debt or eliminate some of it. If you declare bankruptcy, are you going to lose all of these savings?

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