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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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

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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UK debt collections

APRIL 21, 2022

The Insolvency Service has continued to target bounce back loan abusers in the UK. They have successfully secured restrictions against a gym operator and roofer after they falsely claimed bounce back loans for their respective businesses. However, Dar also applied for additional loans by applying to two separate financial institutions.

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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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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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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

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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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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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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Hudson Weir

SEPTEMBER 11, 2023

Secured loans or unsecured loans are crucial for many businesses, providing the investment they need to achieve their objectives and grow. According to the British Business Bank , there was a 12.8% increase in gross bank lending to SMEs between 2021 and 2022. What is a secured loan? What is an unsecured loan?

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Better Credit Blog

JUNE 1, 2022

Getting loans, credit cards and other types of credit can be difficult for borrowers without a good credit history, queue, a credit builder loan. What Is A Credit Builder Loan. How Credit Builder Loans Work. Credit builder accounts work like this: It’s a small loan that as you pay to yourself.

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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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Credit Corp

MARCH 21, 2023

million Americans have student loan debt, which totals over $1.7 If you owe tens of thousands of dollars in student loan debt, you’re not alone. million Americans have some form of federal or private student loan debt. Not only can you not declare bankruptcy on many forms of student loan debt, but it can also harm your credit.

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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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UK debt collections

FEBRUARY 16, 2021

Plans to create a Nationwide Debt Collection service to recoup unpaid covid Business support loans have hit a brick wall according to latest reports. £45 45 Billion pounds have been lent to Small Businesses to help them through the pandemic over the last year by UK banks. The programme will see recipients start to pay 2.5%

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ABI

JANUARY 22, 2023

John's University School of Law American Bankruptcy Institute Law Review Staff In In re Raza, a bankruptcy court in Virginia overruled a trustee’s objection to certain of the debtor’s claimed exemptions and held that a small business owner who received an Economic Injury Disaster Loan (“EIDL Loan”) with the U.S.

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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? In a word (okay, two words), probably not.

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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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Sawin & Shea

SEPTEMBER 14, 2022

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. Your consumer and non-consumer debts impact your ability to file Chapter 7 bankruptcy, and your debt types also determine what’s protected by an automatic stay when filing Chapter 13 bankruptcy.

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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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True Accord

OCTOBER 10, 2023

Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. banking system seems sound, inflation remains elevated. After three years of relief from payments on $1.6 trillion in Q2, a 4.6%

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Troutman Sanders

APRIL 28, 2023

Colorado just became the latest state to recognize that a borrower’s bankruptcy discharge does not accelerate secured installment debt or trigger the final statute of limitations period to recover the debt. On April 24, the Colorado Supreme Court issued a highly anticipated decision, available here.

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Collection Industry News

NOVEMBER 27, 2023

WeWork, the shared office firm that was once valued at $47bn (£38bn), has been forced to file for bankruptcy in the US. The bankruptcy will affect the company’s business in the US and Canada. Last month, as discussions with landlords and financiers intensified, WeWork told investors it was not making payments on its loans.

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Roths Child Law

FEBRUARY 13, 2022

A lot of people worry about how their bankruptcy will affect their credit score. While bankruptcy can damage your credit, most people who reach that point already have damaged credit. It's better to focus on rebuilding your credit after bankruptcy is over.

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Collection Industry News

MAY 3, 2022

Tennis legend Boris Becker was sentenced to more than two years in prison over bankruptcy offenses on Friday. Earlier this month, Becker was found guilty of illicitly moving hundreds of thousands of dollars from a bank account after declaring bankruptcy. NEW You can now listen to Fox News articles!

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Jimerson Firm

JANUARY 27, 2021

If the borrower is unable to pay the full amount owed on an SBA loan after all of the collateral has been liquidated, the borrower may submit an “offer in compromise.” An offer in comprise allows borrowers to settle their debt on the SBA loan for less than the full amount owed. What is an Offer in Compromise? SOP 50 57 ; SOP 50 55.

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Sawin & Shea

SEPTEMBER 8, 2021

It’s normal to have a lot of questions about the process and impact of bankruptcy. Even though there are hundreds of thousands of Americans who file for bankruptcy every year, it is still a pretty mystifying experience for most people. What is a trustee looking for when they review your spending? What Spending Can Be Reviewed?

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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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Collection Industry News

SEPTEMBER 12, 2022

bank profits climbed 7.8% The agency said banks reported $64.4 billion in profits as higher net interest income offset growing reserves to guard against loan losses. The growth in profits came as interest rates rose and banks expanded their loan balances. Total loan balances increased $414 billion, or 3.7%

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Sawin & Shea

SEPTEMBER 8, 2021

It’s normal to have a lot of questions about the process and impact of bankruptcy. Even though there are hundreds of thousands of Americans who file for bankruptcy every year, it is still a pretty mystifying experience for most people. What is a trustee looking for when they review your spending? What Spending Can Be Reviewed?

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Jimerson Firm

FEBRUARY 5, 2021

When a SBA loan is in liquidation status, lenders and authorized CDC liquidators are required to perform “Prudent Liquidation.” When Prudent Liquidation is complete, it’s time for the lender or authorized CDC liquidator to submit a wrap-up report to the SBA and have the loan charged-off. 120.535(b). 120.535(b). SOP 50 57 2. SOP 50 55.

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Jimerson Firm

MARCH 24, 2021

This presentation was moderated by the firm’s managing partner, and is geared towards special asset departments of banks and financial institutions. This webinar addressed what is new in foreclosures, including recent developments in the law since the last foreclosure crisis and how banks can utilize the law to their advantage.

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Debt Guru

APRIL 12, 2020

Payday loan [p?-?d? A payday loan is short-term credit based on a borrower’s income and credit profile. Payday loans also go by other names, like a cash advance loan or check advance loan – and have even adopted such monikers as deferred deposit or deferred presentment. Why Should You Avoid Payday Loans?

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Better Credit Blog

DECEMBER 31, 2020

Have a hard inquiry on your credit report from Comenity Bank/VCTRSSEC? Comenity Bank/VCTRSSEC On My Credit Report. Comenity Bank is a premier producer of retail credit cards, partnering with 145 popular brands to offer credit cards to consumers. How Does a Comenity Bank/VCTRSSEC Hard Inquiry Affect Your Credit Report?

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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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Collection Industry News

JULY 18, 2022

Fitch Ratings-New York-15 July 2022: Borrowers continue to work with their servicers post-forbearance to avoid loan default, according to Fitch Ratings’ 1Q22 U.S. The sole metric showing stress is in the foreclosure category, which rose marginally to 2% from 1% and to 3% from 2% for bank and non-bank servicers, respectively.

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