PBWT

NOVEMBER 30, 2022

We have previously blogged about Siegel v. Fitzgerald , the Supreme Court decision last June that invalidated the 2018 difference in fees between bankruptcy cases filed in Bankruptcy Administrator judicial districts and U.S. In 2011, it filed for bankruptcy in the District of Connecticut, a U.S.

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Sawin & Shea

FEBRUARY 14, 2024

If you or a loved one has recently filed for bankruptcy or are considering bankruptcy, you may wonder who may find out about your financial situation. That said, we’re here to answer common questions regarding the accessibility of bankruptcy information and whether these documents are part of public records.

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Sawin & Shea

MARCH 28, 2023

If you’re considering filing Chapter 7 or Chapter 13 bankruptcy, you need to be aware of the different components of the filing process, including the role of the bankruptcy trustee. When starting the filing process, the bankruptcy trustee will investigate your finances and assets to determine whether you’re eligible to file.

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Sawin & Shea

MARCH 20, 2024

When you have bills piling up and you’re dealing with notices from the Internal Revenue Service (IRS), it’s time to contact an attorney to learn more about your options. You may be wondering whether you should opt for a tax attorney or a bankruptcy attorney. You deserve a fresh start.

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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

JANUARY 19, 2022

Filing your taxes and filing for bankruptcy are two things that can be confusing and challenging on their own. When you put the two together, it can cause debtors even more stress. Bankruptcy lawyers are important to work with when you file for bankruptcy, but they can be helpful and offer guidance even after you’ve filed.

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Sawin & Shea

MARCH 6, 2024

Two of the most common options for dealing with unmanageable debt are filing for bankruptcy and pursuing debt consolidation. Bankruptcy and debt consolidation are distinct solutions, each with advantages and potential drawbacks. A bankruptcy attorney can help you determine the best kind of bankruptcy filing for your circumstances.

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PBWT

MARCH 7, 2021

It is well known in the restructuring world that a debtor in bankruptcy can’t get a PPP loan. But what if you’re a debtor and decide a PPP loan could save your business? The issue arose recently where a chapter 11 debtor already had DIP financing in place. The debtor is an event design company.

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Sawin & Shea

FEBRUARY 22, 2023

And although there are benefits to obtaining this type of mortgage, debtors often have to pay increased interest and monthly payments. These increased payments can put financial pressure on debtors, leading them to fall behind on their housing payments. Adjustable rate mortgages have been on the rise in recent years.

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Collections Law

SEPTEMBER 10, 2021

There is no question that a bankruptcy filing can frustrate your attempt to collect on a debt from another business in Massachusetts. You may still receive some payment through bankruptcy, even if you cannot collect on the entire amount the business owes you. What about preference actions? You should not give up, though.

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Sawin & Shea

DECEMBER 14, 2023

With that being said, cryptocurrency bankruptcy has also become more common. Due to the unprecedented nature of cryptocurrencies, many wonder whether these digital holdings are exempt during bankruptcy proceedings. In this blog, you’ll learn all about cryptocurrency and bankruptcies, including whether these investments are exempt.

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Sawin & Shea

APRIL 3, 2024

Filing for bankruptcy is a great financial option for those struggling with cumbersome debt. But you may be wondering, “What Is the Impact of Bankruptcy on Professional Licenses and Certifications?” How Will Filing Bankruptcy Impact My Professional License?

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Sawin & Shea

DECEMBER 7, 2022

If you’re struggling with crippling debt this holiday season, filing for bankruptcy may be your best option for getting your finances back on track. Here’s what you need to know about getting through the holidays during bankruptcy. Here’s what you need to know about getting through the holidays during bankruptcy.

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Debt Free Colorado

NOVEMBER 22, 2022

Are my Student Loan Debts Dischargeable in Bankruptcy? Student-loan holders now have a new path to freeing their debt through bankruptcy! If you’ve been worrying about how you can pay off your debts, read on to know if this applies to you! Broomfield Bankruptcy Attorney answers questions about the new ruling.

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Sawin & Shea

AUGUST 9, 2022

Bankruptcy can be an overwhelming and challenging process. On top of the stress and worry about your finances and what will happen to your property, there are countless proceedings and tons of paperwork to fill out. Understandably, this can make dealing with a bankruptcy seem impossible. How Does Reaffirmation of Debt Work?

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In the Red

NOVEMBER 23, 2020

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. The rule amendments are ultimately adopted by the U.S.

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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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Collection Industry News

APRIL 4, 2022

Joe Biden has been betraying his campaign promise to allow borrowers to discharge their student debts through bankruptcy. In a new letter, 27 Democratic senators are demanding the administration stop trying to overturn court rulings that help student debtors. Instead, the administration has fought debtors in bankruptcy court.“Over

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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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Credit Corp

FEBRUARY 23, 2024

This may influence which products we write about and where and how the product appears on a page. Getting back on your feet after bankruptcy can be a gradual process, but it doesn’t mean you have to give up on your dream of buying a home. In fact, buying a house is possible just a couple of years after you file for bankruptcy.

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Sawin & Shea

AUGUST 23, 2023

If you’re stressed about your finances, you’re in good company. If worries about debt resonate with you, again, you’re not alone. With these kinds of figures, it isn’t surprising that we often get the question from clients: Does filing for bankruptcy eliminate debt? Most Debtors, however keep everything they have.

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PBWT

JANUARY 15, 2021

We have blogged previously about section 546(e) , the Bankruptcy Code’s safe harbor for certain transfers otherwise subject to avoidance as preferences or fraudulent transfers. In both cases, the “agreements or transactions” must be “with the debtor or any other entity.” See 11 U.S.C. §

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Debt Free Colorado

MARCH 10, 2023

Learn about the Five Bankruptcy Myths in Littleton, Colorado Due to worries stoked by myths and misconceptions about bankruptcy, many people choose not to obtain debt relief. Truth be told, declaring bankruptcy may be one of the best decisions you’ve ever made for your present, future, and family.

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Sawin & Shea

SEPTEMBER 6, 2023

People file for bankruptcy for any number of reasons, from job loss to unpaid medical bills to an unaffordable mortgage. If you’re considering filing for bankruptcy, you’re not alone; roughly 375,000 people filed for bankruptcy in 2022, and home foreclosure filings rose 115% in 2022 over the number of foreclosures in 2021.

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In the Red

FEBRUARY 15, 2019

An official notice from the Judicial Conference of the United States was just published announcing that certain dollar amounts in the Bankruptcy Code will be increased about 6.2% The total debt amount in the definition of small business debtor in Section 101(51D) will rise to $2,725,625.

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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. Fear of the Future.

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Sawin & Shea

JUNE 25, 2020

After you file for bankruptcy, it is illegal for your creditors to continue contacting you and asking for payments. Generally speaking, creditors are allowed to contact debtors by mail, by phone, and through the internet as long as they are not engaging in prohibited behavior under the FDCPA and related laws.

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Roths Child Law

MAY 25, 2023

One option is to file for bankruptcy. People are often put off when hearing the term bankruptcy, because there are some negative stereotypes associated with this term. Debunking these myths can help debtors to make truly informed decisions about their options. However, these misconceptions are often rooted in myths.

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Sawin & Shea

JUNE 21, 2023

Filing for Chapter 13 bankruptcy can help you improve your financial situation. If the bankruptcy court has your Chapter 13 bankruptcy dismissed, you’ll need to refile or find another method for overcoming your debts, such as Chapter 7 bankruptcy. Bankruptcy dismissals have nothing to do with unloading debts.

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Roths Child Law

JUNE 17, 2021

Debtors with multiple delinquent accounts don't often have the luxury of negotiating balances. Situations such as these may call for debtors to file bankruptcy. You'll need to pass the means test to qualify to file Chapter 7 bankruptcy. How else to tell when you need to file bankruptcy. Retirement benefits.

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Sawin & Shea

MARCH 21, 2023

If you’re struggling with overwhelming tax debts, you should consider all of your financial options , one of which is filing bankruptcy Chapter 13. Here’s what you need to know about filing Chapter 13 for tax debt relief. Here’s what you need to know about filing Chapter 13 for tax debt relief. Does Bankruptcy Clear Tax Debt?

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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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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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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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PBWT

JANUARY 30, 2023

The concept of “property of the estate” is important in bankruptcy because it determines what property can be used or distributed for the benefit of the debtor’s creditors. A recent decision from the United States Bankruptcy Court of the Southern District of New York illustrates such a situation. § 541.

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Roths Child Law

APRIL 10, 2023

Fortunately, personal bankruptcy can help get a fresh start by either discharging or restructuring your debts. bankruptcy laws, however, is to help individuals acquire better money management skills. State Department of Justice before kick-starting the bankruptcy process. One of the goals of the U.S.

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Sawin & Shea

MAY 26, 2021

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. Here are some things to think about before going this route.

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