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Bankruptcy vs. Foreclosure

Sawin & Shea

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.

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How delayed foreclosure response cost one millionaire his mansion

Roths Child Law

Once foreclosure starts, you need to act quickly or risk losing everything you have invested in your home. On the banks of the majestic Potomac River stands a mansion of over 23,000 square feet that includes a bowling alley and 15-car garage, along with other amenities. Bankruptcy can be a powerful tool for those facing foreclosure.

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Consumer Debt vs. Non Consumer Debt

Sawin & Shea

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. If you’re considering filing Chapter 7 or Chapter 13 bankruptcy, consider enlisting the help of skilled bankruptcy attorneys. What is Consumer Debt?

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Can You Get Rid of a Timeshare if You File for Bankruptcy?

Sawin & Shea

If you can no longer afford the monthly payments, you can surrender your timeshare when you declare bankruptcy. However, you may still have to pay the monthly or annual fees until the bank forecloses and transfers the title from your name. In this case, the property will go back to the lender.

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How delayed foreclosure response cost one millionaire his mansion

Roths Child Law

Once foreclosure starts, you need to act quickly or risk losing everything you have invested in your home. On the banks of the majestic Potomac River stands a mansion of over 23,000 square feet that includes a bowling alley and 15-car garage, along with other amenities. Bankruptcy can be a powerful tool for those facing foreclosure.

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Everything You Should Know About a Judgment Lien in Indiana

Sawin & Shea

If the creditor has your date of birth and social security number, they may be able to garnish your bank account and apply that money toward your debt balance. If that’s not possible for you, another option is to avoid it through Chapter 7 or Chapter 13 bankruptcy court.

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What is an Emergency Bankruptcy Filing?

Sawin & Shea

There is no exact definition that we can point to, but you need an adequate reason for why you’re filing for emergency bankruptcy. It’s not always clear when it’s the right time to file for emergency bankruptcy. Unsure of Whether to File for an Emergency Bankruptcy? Contact a Bankruptcy Lawyer.