Sawin & Shea

APRIL 19, 2023

You’ve probably driven past storefronts with bright lights offering quick cash through payday loans. The companies that offer these short-term loans tout them as a surefire way to get out of a financial bind. Payday loans are incredibly risky. Read on about what payday loans are and why you should think twice before getting one.

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Account Recovery

SEPTEMBER 26, 2022

A bill has been introduced in the Senate that seeks to hold universities accountable for paying a portion of student loans that go into default while also allowing student loans to be discharged when an individual files for bankruptcy protection. 4912 was introduced last week by Sen. Josh Hawley [R-Mo.],

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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. There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. This is not true. More on both of those below.).

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Account Recovery

JULY 19, 2021

The Court of Appeals for the Second Circuit has upheld a lower court’s ruling allowing a plaintiff’s private student loans to be discharged as part of his bankruptcy filing, ruling that the provision of the bankruptcy code that prohibits the discharge of “an obligation to repay funds received as an educational benefit” does not apply … (..)

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Debt Free Colorado

APRIL 30, 2024

Finding Solutions to Discharge Your Credit Card Debt Many find themselves struggling if they should file for bankruptcy because of their credit cards. Fortunately, bankruptcy can offer a path toward financial relief from credit card debt. Qualifying for Chapter 7 bankruptcy depends on your income and expenses through the means test.

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Roths Child Law

MARCH 11, 2022

A bankruptcy can be a good way to get your financial health back on track, but it also comes with some limitations. It may make it so it’s harder for you to get credit or loans in the future, at least for a few years. If you do need a personal loan after your Chapter 7 or Chapter 13 bankruptcy, it may be possible to get it.

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Sawin & Shea

JULY 6, 2022

A common question we receive from those considering bankruptcy is how it impacts personal guarantees. If you’re considering filing for bankruptcy, you need to consult with a bankruptcy attorney before signing a personal guarantee. A personal guarantee loan is a signed agreement stating that you’re liable for a debt.

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Roths Child Law

APRIL 10, 2024

You may have heard you could lose some assets if you file for bankruptcy. Will a personal bankruptcy cost you your car? It probably won’t Bankruptcy courts and lawmakers realize how essential cars are to many people. It probably won’t Bankruptcy courts and lawmakers realize how essential cars are to many people.

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Nerd Wallet

APRIL 12, 2022

You can get a car loan after filing for bankruptcy. Because bankruptcy filings negatively affect your credit score, securing a loan with a desirable interest rate could prove challenging. Still, you can do a few things to minimize the effects of a bankruptcy filing. Cara Smith writes for NerdWallet.

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Credit Corp

FEBRUARY 23, 2024

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. Read on to learn more about buying a house after bankruptcy.

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Nerd Wallet

JUNE 15, 2022

You can get a business loan after filing for bankruptcy, but — at least in the years immediately following bankruptcy — it won’t be easy: Your financing options will be limited and your interest rates will be higher. While strong business financials can improve your odds of approval with a bankruptcy on your record, your.

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Roths Child Law

JANUARY 23, 2023

Getting your financial health back on track by filing for bankruptcy is possible. For example, it may be harder for you to be approved for loans or credit after filing. If you need a personal loan after filing for bankruptcy , it may be approved. A Chapter 13 bankruptcy will fall off your report after seven years.

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Roths Child Law

MARCH 17, 2024

One option for these individuals is filing for bankruptcy. It can lead to a cascade of financial difficulties, including damaged credit scores, which affect the ability to secure loans, mortgages and other financial products. Bankruptcy can discharge or reorganize medical debts , which can provide a fresh financial start for a filer.

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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. However, the choice between these two approaches depends greatly on individual circumstances.

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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

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. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.

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Sawin & Shea

AUGUST 30, 2023

What is Bankruptcy? Bankruptcy is an opportunity for someone to forge their way through what seems like an impossible debt-ridden situation and come out the other side. Although businesses can also declare bankruptcy, we will focus on personal bankruptcy in this article. Which Debts Cannot be Discharged in Bankruptcy?

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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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Roths Child Law

APRIL 1, 2024

When debts become overwhelming and impossible to pay, filing for bankruptcy is an option. However, many people are put off of doing so because of the stigma behind filing for bankruptcy. In most cases, the feelings of anxiety from bankruptcy filers are unfounded. In just a few months, filers can begin to rebuild their credit.

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Account Recovery

JULY 19, 2021

Appeals Court Rules Some Private Student Loans Can be Discharged; InDebted Raises $25M appeared first on AccountsRecovery.net.

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Sawin & Shea

JANUARY 18, 2024

Financial challenges can be overwhelming, and seeking relief through Chapter 13 bankruptcy is a viable option for many. As you think about filing bankruptcy, it’s crucial to understand the interaction between Chapter 13 and car loans. What is Chapter 13 Bankruptcy? How Does Chapter 13 Bankruptcy and Auto Loans Work?

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Nerd Wallet

OCTOBER 22, 2020

Student loan borrowers who seek to have their debt canceled in bankruptcy — what’s known as discharge — typically find it an expensive process with standards that can be difficult to meet. But recent bankruptcy court rulings and lawmakers’ support of relief for overburdened borrowers may signal a change is coming.

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Roths Child Law

FEBRUARY 29, 2024

There are many reasons that people feel the need to file for personal bankruptcy. Before filing, you should understand what a personal bankruptcy filing can and cannot do. If you fail to pay, the courts could create an order to take it from your wages or other sources, even if you file for bankruptcy.

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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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Sawin & Shea

JANUARY 18, 2023

If you’re struggling with overwhelming debts, Chapter 7 bankruptcy could be your best option. Chapter 7 is the most common form of bankruptcy for individuals and families, and it allows you to discharge many of your unsecured debts within only a few months. What is Chapter 7 Bankruptcy?

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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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Account Recovery

AUGUST 17, 2022

Cancels $4B of Loans appeared first on AccountsRecovery.net. Appeals Court Affirms Ruling for Defendants in FCRA Cases; Ed.

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Sawin & Shea

MARCH 20, 2024

You may be wondering whether you should opt for a tax attorney or a bankruptcy attorney. If you’re worried about garnishments, foreclosures , lawsuits, repossessions , or other consequences of your debt, connect with an experienced bankruptcy lawyer at Sawin & Shea as soon as possible. You deserve a fresh start.

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Sawin & Shea

JANUARY 4, 2024

Filing for Chapter 13 bankruptcy is a positive step during a challenging time in your life. Instead of fighting with your creditors, you work with them proactively in the bankruptcy process to resolve your debts. In some cases, you may be eligible for a Bankruptcy Hardship Discharge. What is a Bankruptcy Hardship Discharge?

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Sawin & Shea

JANUARY 11, 2024

Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy.

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Sawin & Shea

OCTOBER 11, 2023

People file for bankruptcy for any number of reasons, from job loss, to unpaid medical bills , to sky-high credit card bills. And it’s not an uncommon event either– roughly 375,000 people filed for bankruptcy in 2022 alone. There are some debts that filing for bankruptcy will not discharge. What do we mean by this?

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Sawin & Shea

DECEMBER 28, 2023

Filing for Chapter 13 bankruptcy can provide much-needed relief if you are overwhelmed with debt and struggling to keep up with payments. While this type of bankruptcy comes with unique advantages, it also does not fit into every situation. What Is Chapter 13 Bankruptcy? Pros of Filing Chapter 13 Bankruptcy 1.

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Sawin & Shea

FEBRUARY 22, 2023

Fortunately, Chapter 13 bankruptcy offers debt relief and a solution for stopping mortgage servicers from repossessing your home. An adjustable-rate mortgage is a home loan that features variable payments. This differs from fixed-rate mortgages, where debtors pay a set interest rate for the entirety of the loan.

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Luftman, Heck & Associates.

FEBRUARY 10, 2021

You’ve probably resigned yourself to paying your student loans for decades. Bankruptcy can help with a credit card, medical, mortgage, and other debts, but not with student loans. Historically, private and federal student loans can’t be canceled by bankruptcy. That could all be changing, though.

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Roths Child Law

AUGUST 14, 2023

Student loans are one of the primary ways graduates build up debt. Graduates may have received grants and awards to help pay for their education, but many have student loans hanging over their heads. Graduates may have received grants and awards to help pay for their education, but many have student loans hanging over their heads.

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Consumer Finance

MARCH 15, 2023

Today, the Consumer Financial Protection Bureau (CFPB) released a bulletin warning servicers of their obligation to halt unlawful conduct with respect to private student loans that have been discharged by bankruptcy courts.

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Debt

OCTOBER 2, 2020

There hasn’t been much good economic news in 2020, but if you’re buried in student loans, there was an astoundingly positive development recently. Thanks to a recent court ruling, you might be able to get out of that debt through bankruptcy!!

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