Sawin & Shea

APRIL 6, 2021

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. Maybe you’re avoiding bankruptcy merely because of a mistaken impression about it, so let’s clear things up. Assuming It Is Rarely Needed.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Creditors 98

Sawin & Shea

MARCH 7, 2023

Are you wondering how to file bankruptcy Chapter 7? Or if filing for bankruptcy is right for you? If you’re struggling with debt and considering bankruptcy, speaking with a bankruptcy lawyer can help you determine your best options and give you some clarity on how the process works. What is Chapter 7 Bankruptcy?

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Sawin & Shea

OCTOBER 4, 2023

One of the most common questions from those who file for Chapter 7 or Chapter 13 bankruptcy is, “Can I buy a house after bankruptcy?” and “After bankruptcy discharge, when can I buy a house?” In short, yes, you will be able to purchase a home after bankruptcy. 92% of people who file for bankruptcy never file again.

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Sawin & Shea

MAY 2, 2024

If you’re struggling with overwhelming debt, you may be wondering if bankruptcy is the right solution for your financial situation. One of the most common questions people have is “How Much Debt is Needed to File for Bankruptcy?” However, that doesn’t mean bankruptcy is the best option for everyone with debt.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

OCTOBER 13, 2021

Chapter 13 bankruptcy offers the option of lien stripping. When a court approves the stripping of a lien, after your discharge those lenders can no longer collect debts on that lien or threaten to foreclose on a home for missed payments. Why You Can Strip Liens with Chapter 13 Bankruptcy.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 59

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. Accordingly, the statute of limitations period to collect the payment does not commence until the borrower misses the periodic payment.

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Sawin & Shea

AUGUST 4, 2021

This is when a lender agrees to take less than the total amount owed on the real estate from the sale. Your lender has to approve the short sale and will require quite a bit of documentation and paperwork from you. Your lender has to approve the short sale and will require quite a bit of documentation and paperwork from you.

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Sawin & Shea

OCTOBER 13, 2021

Chapter 13 bankruptcy offers the option of lien stripping. When a court approves the stripping of a lien, after your discharge those lenders can no longer collect debts on that lien or threaten to foreclose on a home for missed payments. Why You Can Strip Liens with Chapter 13 Bankruptcy.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 52

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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Better Credit Blog

JANUARY 11, 2022

If you find yourself saddled with more debt than you can reasonably pay off in a timely manner, you can always file for bankruptcy. But sometimes bankruptcy is the best way to get a new start so you can then stay on top of your finances, and with hard work, you can begin to turn your financial life around. About Bankruptcy.

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Bankruptcy Chapter 13 bankruptcy Debt Consolidation Lawyers 63

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 In total 1.47m loans were issued by Commercial Lenders with a government guarantee. Smaller lenders are bracing themselves for financial hits from the fall out of the scheme.

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Collection Industry News

APRIL 24, 2024

April 22 (Reuters) – Fashion retailer Express Inc (EXPR.PK), opens new tab has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday. Express has received a commitment for $35 million in new financing from some of its existing lenders, it said.

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Collection Industry News

AUGUST 30, 2022

And now we can add mortgage lender bankruptcies — and the rise (and fall) of “non-qualified mortgages” — to the factors aggravating an already uncertain market. First Guaranty filed for bankruptcy protection while Sprout Mortgage simply shut down early this summer. But with First Guaranty Mortgage Corp.

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Debt Free Colorado

DECEMBER 9, 2021

Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Roths Child Law

MAY 11, 2021

When you fall behind on payments, the lender who financed the purchase might decide to repossess the vehicle. Repossession usually starts with the lender warning and then formally notifying the vehicle owner about arrears on their payments. Bankruptcy stops foreclosure before the lender takes the vehicle.

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Nexa Collect

MARCH 12, 2021

Debt collection agencies in PR include Kinum , TSI , CICA, ILCA and Professional recoveries. Spanish and English-speaking debt collectors are required for Puerto Rico debt collection. Need a Collection Agency in PR? Puerto Rico is one of the states that regulate the collection of fees and interest. Contact us. 981p (12)).

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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. Copies of the documents in your bankruptcy petition.

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Bankruptcy Chapter 13 bankruptcy Creditors Debt collector 63

Nexa Collect

SEPTEMBER 15, 2020

Need a Collection Agency – Serving Nationwide? The more impaired a loan becomes, the greater the chance that the borrower will default, causing partial or total losses for the lender. In response, lenders are moving into defensive positions, putting aside record amounts to cover potential losses. Contact Us.

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Collection Industry News

DECEMBER 17, 2022

The number of bankruptcy filings by private equity-backed companies in the U.S. Forty-nine private equity portfolio companies have filed for bankruptcy in 2022, representing 6.6% Of the portfolio companies that filed for bankruptcy in 2022, 38 are restructuring, six have liquidated and the remaining five are still operating.

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Collection Industry News

APRIL 11, 2022

Student loan companies will face consequences if they mislead borrowers and collect on private debt that has been discharged by a bankruptcy court , according to a letter sent by the country’s top consumer watchdog to Senator Dick Durbin (D-IL) that was obtained by Yahoo Finance. “I

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Collection Industry News

MARCH 28, 2022

bankruptcies just isn’t true. If medical debt is so bad a guide to default that we don’t even want to include it in credit ratings, then it simply cannot be an important cause of bankruptcy, can it? The people who lose in a bankruptcy filing are the lenders. Money does talk, after all.

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Bankruptcy Lender Collections 40

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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Sawin & Shea

JULY 13, 2022

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. As a result, the majority of debtors who file for Chapter 7 bankruptcy do not get their college loans dismissed. How do bankruptcy courts handle private student loans, however?

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Collection Industry News

JUNE 20, 2022

Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy, weighed down by a heavy debt load, disruptions to its supply chain network and surging costs. The post Revlon files for bankruptcy protection amid heavy debt load appeared first on Collection Industry News. The filing was made in the U.S.

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Bankruptcy Lender Collections 40

Roths Child Law

SEPTEMBER 21, 2023

Filing for bankruptcy is a significant decision that can be simultaneously stressful and a source of relief for those who choose this path. When someone files for bankruptcy, an essential provision called the automatic stay comes into play. This turn of events is fundamental to the bankruptcy process.

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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. For creditors to maximize their recoveries, they must stay informed and take action during a bankruptcy proceeding.

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Sawin & Shea

MAY 8, 2024

However, dealing with financial hardships like bankruptcy can make that dream seem out of reach. If you’ve gone through a Chapter 7 bankruptcy , you may be wondering if homeownership is still possible for you, especially if your credit has taken a major hit. Can a Co-Signer Help You Buy a House After Bankruptcy?

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Chapter 7 bankruptcy Bankruptcy Lender Loans 52

Roths Child Law

MAY 11, 2021

When you fall behind on payments, the lender who financed the purchase might decide to repossess the vehicle. Repossession usually starts with the lender warning and then formally notifying the vehicle owner about arrears on their payments. Bankruptcy stops foreclosure before the lender takes the vehicle.

Repossession 40

Repossession Lender Collateral Bankruptcy 40

Sawin & Shea

NOVEMBER 8, 2022

Rather than have your car seized involuntarily, you can give up your vehicle willingly to your lender. Firstly, if your financial problems are only temporary, you should contact your lender to see if there’s a way in which you can make late payments without being at risk of repossession. What Is Voluntary Repossession?

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Sawin & Shea

MARCH 13, 2024

If you’re considering bankruptcy, you may wonder which filing type is right for you. The two basic types of bankruptcy classifications for individuals and families are Chapter 7 and Chapter 13. Have additional questions regarding bankruptcy or reaffirming secured debts? Who Is Eligible for Chapter 7 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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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. Copies of the documents in your bankruptcy petition.

Bankruptcy 40

Bankruptcy Chapter 13 bankruptcy Creditors Debt collector 40

Fraser

JULY 21, 2020

As the bankruptcy wave continues to build, more businesses are being forced to deal with bankrupt customers. What’s worse—and which often comes as a big surprise—is when a business gets sued by the debtor or bankruptcy trustee seeking to recover payments made by the debtor before the bankruptcy. What is a Preference Lawsuit?

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Collection Industry News

OCTOBER 6, 2020

Corporate bankruptcies in the U.S. continue to grow amid the coronavirus pandemic as 22 new companies added their names to a growing list of bankruptcies in 2020 in the last two weeks, an S&P Global Market Intelligence analysis shows. Companies that entered bankruptcy proceedings between Sept. 21 and Oct.

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Bankruptcy Lender Collections 52

Jimerson Firm

MAY 19, 2021

Although a lender may have won the battle by obtaining a final judgment of foreclosure from the court, it may not win the war. Although a lender may not be able to avoid this from happening, it should be aware of how and why their final judgment of foreclosure may be set aside. Pursuant to Section 702.07 Pursuant to Section 702.07

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Collection Industry News

OCTOBER 27, 2023

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. Rite Aid also said lenders agreed to extend $3.45 The post Rite Aid files for bankruptcy amid slowing sales, opioid litigation appeared first on Collection Industry News.

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Troutman Sanders

APRIL 14, 2022

On April 12, the Consumer Financial Protection Bureau (CFPB) released a blog post titled “ Busting myths about bankruptcy and private student loans.” In the blog post, the CFPB argues that certain private education loans can be discharged in bankruptcy.

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