Sawin & Shea

APRIL 27, 2021

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. Debt counseling (also called credit counseling) is required before you can declare bankruptcy. Learning personal budgeting education.

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Sawin & Shea

SEPTEMBER 7, 2022

Many people hold misconceptions about filing for bankruptcy. Perhaps the most common misconception is the notion that filing for bankruptcy means that you lose all of your wealth and possessions. In this article, we discuss what exemptions you can expect and what you might lose when filing for bankruptcy.

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Roths Child Law

MAY 17, 2024

A decision to file for bankruptcy is one that’s usually not made without considerable thought. Many consumers file for Chapter 7, which is known as the liquidation bankruptcy, or Chapter 13, which is known as the wage-earner’s bankruptcy. Means test In order to file for Chapter 7 bankruptcy, a filer has to pass the means test.

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Account Recovery

SEPTEMBER 21, 2023

The Consumer Financial Protection Bureau has denied a petition from the Pennsylvania Higher Education Assistance Agency to set aside a civll investigative demand into whether the servicer maintained adequate policies and procedures to determine whether loans were dischargeable in bankruptcy and if attempts were made to collect on loans that had been (..)

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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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Debt Free Colorado

FEBRUARY 24, 2025

Say goodbye to credit card stresssee if Chapter 7 bankruptcy is your solution. Chapter 7 bankruptcy can help clear debt and give you a fresh start. A Greenwood Colorado bankruptcy attorney can explain your options and make sure you dont risk losing assets you want to keep. What Is Bankruptcy Chapter 7?

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Titan Consulting

AUGUST 23, 2020

Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. You must qualify to file for bankruptcy, and your income must meet an income means test. When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery?

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Roths Child Law

FEBRUARY 9, 2021

If you've been considering filing for Chapter 7 bankruptcy in Tennessee, you've probably heard of the bankruptcy means test. The means test is a relatively lengthy form that is used to determine whether your disposable income is low enough to qualify you for Chapter 7 bankruptcy relief. Median income. Disposable income.

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Nerd Wallet

NOVEMBER 30, 2022

The investing information provided on this page is for educational purposes only. The article BlockFi Rewards Credit Card Unavailable Following Bankruptcy Filing originally appeared on NerdWallet. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner.

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Sawin & Shea

JULY 27, 2022

Debtors who run their credit card balances up before they file for bankruptcy could suffer consequences. Primarily, it could result in your debt becoming ineligible for discharge, which is often the whole point of filing for bankruptcy. Understanding Credit Card Debt and Bankruptcy.

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Credit Corp

OCTOBER 21, 2020

There’s nothing fun about declaring bankruptcy, but those who emerge from it can be thankful for the opportunity to rebuild their personal finances without the burden of debt. Unfortunately, bankruptcy also does damage to your credit , making it difficult to get approved for credit cards and other lines of credit. Card Details +.

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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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PBWT

JUNE 22, 2021

1] The Bankruptcy Code generally excludes student loan debt from the general discharge individual debtors are entitled to receive upon the conclusion of their case. New York State Higher Education Services Corp. [2] § 523(a)(8). [1] 11 U.S.C. § § 523(a)(8). The Eighth Circuit has rejected Brunner. 1] McCoy v.

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Sawin & Shea

AUGUST 24, 2020

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Should I File for Bankruptcy? If you are deciding whether or not to file for bankruptcy, there are a lot of conditions to consider. What Do the Various Kinds of Bankruptcy Entail?

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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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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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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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Roths Child Law

JANUARY 28, 2024

Are you contemplating filing for bankruptcy? While it may not be the first thing that comes to your mind when you’re in need of bankruptcy, it’s important to acknowledge its relevance. The role of credit counseling Credit counseling isn’t merely a procedural step; it can serve as an educational platform.

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Troutman Sanders

SEPTEMBER 4, 2020

On August 31, 2020, the Tenth Circuit affirmed the United States Bankruptcy Court for the District of Colorado’s holding that certain student loans not guaranteed by a governmental unit may be discharged in bankruptcy. Thus, an educational benefit is different than a loan.

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Roths Child Law

AUGUST 14, 2023

Graduates may have received grants and awards to help pay for their education, but many have student loans hanging over their heads. One common solution to debt is bankruptcy. Here’s what you should know: Should you file for Chapter 7 or Chapter 11 bankruptcy? You might be able to apply for Chapter 7 or Chapter 13 bankruptcy.

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Troutman Sanders

JULY 19, 2021

Court of Appeals for the Second Circuit ruled that private student loans are not explicitly exempt from a debtor’s Chapter 7 bankruptcy discharge. In Homadian , the borrower, after graduating from Emerson College, filed for Chapter 7 bankruptcy in 2007 and obtained a discharge in 2009. qualified private educational loans.

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Price Meese

JUNE 2, 2021

Bankruptcy Code, Cross-Border Insolvency, for Continuing Legal Education credit, on June 24 at the 2021 annual conference of the Transportation Lawyers Association in Lake Tahoe, CA. Rick is the Chairman of the Bankruptcy and Creditors’ Rights Committee of the Transportation Lawyers Association.

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Public Citizen

JULY 20, 2021

As you may know, most student loans are notoriously difficult to discharge in bankruptcy. In that decision , the Second Circuit has joined the Fifth and Tenth Circuits and held that private student loans are dischargeable in bankruptcy. The exceptions to discharge for certain student educational benefits contained in 11 U.S.C. §

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Roths Child Law

NOVEMBER 23, 2022

One option that will help them is to file for bankruptcy. For some, the fear of how they’ll rebuild their credit makes them think twice about bankruptcy. As part of the bankruptcy process, you have to take credit counseling and debtor education. You can’t obtain new lines of credit while the bankruptcy is open.

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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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Roths Child Law

NOVEMBER 16, 2020

In 2017, the Department of Education indicated that it had not made a decision on over 500,000 applicants' paperwork, despite the fact that many of these people made life decisions based on the promise of loan forgiveness. However, the program has been plagued with problems. Challenges in dealing with the program.

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ABI

JANUARY 13, 2022

American Bankruptcy Institute Law Review Staff. . In Homaidan v. Sallie Mae , the United States Court of Appeals for the Second Circuit held that private educational loans may be discharged under § 523(a)(8)(ii) of title 11 of the United States Code (the “Bankruptcy Code”). [1]

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Account Recovery

APRIL 5, 2022

The Court of Appeals for the Third Circuit has affirmed the dismissal of a Fair Debt Collection Practices Act case against a student loan servicer for continuing to attempt to collect a student loan debt after it had been discharged in bankruptcy because the plaintiff failed to follow the proper procedure.

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Burr Forman

AUGUST 19, 2021

David Houston IV – Nashville, Litigation and Bankruptcy. Erich Durlacher – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Christopher Carson – Commercial Litigation, Litigation – Bankruptcy, Mass Tort Litigation / Class Actions – Defendants. Ronald Farley – Birmingham, Administrative/Regulatory Law.

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Titan Consulting

SEPTEMBER 22, 2020

All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score. Consumers in need of debt relief have three primary options to reduce their debt: credit counseling, debt settlement, or bankruptcy.

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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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Albuquerque Law

JULY 30, 2020

To do this, many people consider filing bankruptcy, but they often wonder: how long will it take for their debt to be discharged if they file bankruptcy? How long does it take to obtain a bankruptcy discharge? The duration of your Chapter 7 bankruptcy case often depends on the details of your case.

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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. Despite Joe Biden’s campaign promise to allow borrowers to discharge their student debts through bankruptcy, the administration has continued to fight debtors in bankruptcy court. Gage Skidmore / Flickr).

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Debt Free Colorado

DECEMBER 7, 2016

Chapter 7 bankruptcy may seem intimidating, but as you can tell from the following infographic, the steps that go into successfully completing your case are pretty straightforward. For those of you who may not be able to view the image, the text follows: Chapter 7 Bankruptcy Timeline. 13 bankruptcy. 13 bankruptcy.

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BN Lawyers

JUNE 12, 2019

Bankruptcy Court for the Northern District of Texas in the case of In re: Essential Financial Education, Inc. held that an involuntary bankruptcy petition filed under 11 U.S.C. The Essential Financial Education, Inc. Ultimately, Essential Financial Education, Inc. Involuntary Bankruptcy Petition requirements .

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Account Recovery

SEPTEMBER 5, 2024

Michael McCormick has mellowed from his younger days as a consumer bankruptcy attorney and confident basketball player. He was highly active in our industry through the ACA with a passion for making State and the industry better through advocacy and education. When I was in private practice I was a consumer bankruptcy attorney.

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Ks Law

AUGUST 30, 2016

I attend a lot of seminars and educational programs dealing with bankruptcy and related issues. The attorney who made that broad statement about not incurring debts was likely referring to a change in bankruptcy law which took place in 2005. The Court noted that under the bankruptcy code, attorneys are “debt relief agencies”.

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