Banks Chapter 7 bankruptcy Creditors Garnishment 
Sawin & Shea
SEPTEMBER 27, 2023
In this article, we will walk you through Indiana debt collection laws and some of the many exemptions that help you keep your personal, real, or intangible assets when you file for a Chapter 7 in the State of Indiana. What is Chapter 7 Bankruptcy? It’s also the most common with over 229,000 filings in 2022 alone.
Troutman Sanders
JANUARY 29, 2024
As background, in 2002, the debtor and her then-spouse jointly filed a “no asset” Chapter 7 bankruptcy petition. She listed 45 unsecured creditors in her schedules of assets and liabilities, including the $7,400 credit card debt at issue. Metris Companies was not listed in the debtor’s schedules.
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Sawin & Shea
OCTOBER 26, 2022
Common unsecured loans include: Bank loans with no collateral. Discharging Personal Loans Through Chapter 7 Bankruptcy. Whether or not you should discharge a personal loan in Chapter 7 bankruptcy will depend on if the loan is secured or unsecured. Looking for bankruptcy attorneys in Indiana ?
Sawin & Shea
NOVEMBER 15, 2022
If a potential employer runs a background check, they’ll discover your bankruptcy. And if they search your credit history, they’ll also likely spot your bankruptcy filing. A Chapter 7 bankruptcy remains on your credit history for ten years, and a Chapter 13 bankruptcy will stay on your credit history for seven years.
Sawin & Shea
APRIL 26, 2023
The judgment lien definition is that if you owe a creditor money and don’t pay, they can sue you for the balance. If the court rules in their favor, the creditor can file a judgment lien against you, which means that the court has permitted them to forcefully collect that debt from you. What Is a Judgment Lien?
Sawin & Shea
JUNE 16, 2021
Chapter 7 bankruptcy: In this type of bankruptcy, your non-exempt assets (if any) have been liquidated to pay off a percentage of your debts. Pros: Because you are no longer overwhelmed with creditors and debts, you may be able to save money for secured loans or secured credit cards. This is your limit.
Sawin & Shea
JUNE 28, 2023
Do Not: Try to Transfer or Hide Assets If you’ve transferred any assets to another party before declaring bankruptcy, you’re not gaining any protection. If assets are transferred in anticipation of filing for bankruptcy, a trustee can recover those assets in a Chapter 7 bankruptcy since the transfer would rightfully be seen as fraudulent.
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