Sawin & Shea

MAY 5, 2021

Filing for Chapter 7 or Chapter 13 Bankruptcy: Chapter 7 will wipe out (discharge) your medical debt along with other unsecured debt, but you must have low enough income to pass the means test in order to qualify for it. Chapter 13 bankruptcy is discussed below. Ten facts About Chapter 13 Bankruptcy and Medical Bills: #1.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Unsecured Debt Student loans 98

Sawin & Shea

JUNE 18, 2020

If you’re filing for bankruptcy, you might be assuming that you’ll lose your house and personal property. How Do I Protect My Home During Bankruptcy? During your bankruptcy, you can protect your home in two main ways. So if you’re about to lose your home, you may be able to use bankruptcy to stop the process.

Chapter 7 bankruptcy 98

Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Foreclosure 98

Roths Child Law

DECEMBER 15, 2021

One option that you have is to file for bankruptcy. If you file a Chapter 7 bankruptcy, your non-exempt debts are liquidated so creditors can receive some payment for your accounts. If you file a Chapter 13 bankruptcy, you’ll have to make regular payments to the bankruptcy trustee to pay off a specific portion of your debts.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

NOVEMBER 17, 2021

However, it’s important to keep in mind that paying one creditor and not another can be seen as preferential treatment should you decide to file for bankruptcy. This gives you time to get your bankruptcy case started to avoid this from happening. How Are Utility Bills Handled in Chapter 7 Bankruptcy?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

NOVEMBER 17, 2021

However, it’s important to keep in mind that paying one creditor and not another can be seen as preferential treatment should you decide to file for bankruptcy. This gives you time to get your bankruptcy case started to avoid this from happening. How Are Utility Bills Handled in Chapter 7 Bankruptcy?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

JANUARY 12, 2022

Debt elimination is typically one of the primary reasons a debtor will pursue bankruptcy. While filing for bankruptcy is often the best course of action if you are overwhelmed by debt and struggling to stay afloat, it’s important to understand what debts can and cannot be discharged in bankruptcy. How Debt Discharge Works.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Student loans 52

Debt Free Colorado

DECEMBER 9, 2021

Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.

Chapter 13 bankruptcy 75

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Sawin & Shea

DECEMBER 8, 2021

Bankruptcy is often a valuable tool for overcoming debts, but it’s not for everyone. The number of individuals filing for bankruptcy has decreased in the last 20 years, but the number of older individuals declaring bankruptcy has increased. One in seven people filing for bankruptcy is older than 65.

Bankruptcy 52

Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Creditors 52

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.

Student loans 52

Student loans Student Loans Chapter 7 bankruptcy Bankruptcy 52

Collection Industry News

DECEMBER 10, 2023

US bankruptcy filings rose 18% in 2023 due to higher interest rates, tougher lending standards, and the continued end of pandemic-era support measures, according to data from bankruptcy data provider Epiq AACER. ” Total bankruptcy filings were 34,447 in December 2023, a 16 percent increase from the December 2022 total of 29,654.

Bankruptcy 40

Bankruptcy Banks Trade Lender 40

Albuquerque Law

APRIL 29, 2020

Whether individuals file Chapter 7 or Chapter 13 bankruptcy, they will have to complete a considerable amount of paperwork to obtain the debt relief they need. This might seem like an overwhelming task, but individuals pursuing debt relief through bankruptcy can take proactive steps to make this process easier. Why is this important?

Bankruptcy 40

Bankruptcy Chapter 13 bankruptcy Banks Loans 40

Sawin & Shea

SEPTEMBER 14, 2022

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. Your consumer and non-consumer debts impact your ability to file Chapter 7 bankruptcy, and your debt types also determine what’s protected by an automatic stay when filing Chapter 13 bankruptcy.

Chapter 13 bankruptcy 122

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Student loans 122

ABI

JANUARY 13, 2022

American Bankruptcy Institute Law Review Staff. . In In re McPherson , a Maryland bankruptcy court held that when a prepetition contract contains an arbitration clause, the bankruptcy court must defer to the arbitration as to the prepetition noncore claims. [1] Sarah Hautzinger. John’s University School of Law.

Bankruptcy 40

Bankruptcy Debtor Creditors 40

Collection Industry News

AUGUST 30, 2021

Bankruptcy Code to allow borrowers to discharge student loans without proving that repayment of the debt imposes an “undue hardship” on them or their dependents. It was the second-highest consumer debt category, behind only mortgages. John Cornyn of Texas introduced the Fresh Start Through Bankruptcy Act of 2021. Source: site.

Student loans 40

Student loans Student Loans Bankruptcy Loans 40

Collection Industry News

JANUARY 13, 2024

Our experts used debt statistics from the NYFRB broken down by debt category and down to the state level to get a detailed picture of what kinds of debt Americans are holding and where they are holding it. The largest increase in any category was credit card debt, which swelled by 16.6% Consider bankruptcy: Don’t be scared.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Bankruptcy 40

PBWT

SEPTEMBER 24, 2020

Most bankruptcy courts have altered their practices and procedures in light of COVID-19. Below is a summary of some of the changes to practices and procedures in the United States Bankruptcy Courts for the Southern District of New York, the Eastern District of New York, and the District of Delaware. phone call or email).

Bankruptcy 40

Bankruptcy Debtor Creditors Government 40

Collection Industry News

APRIL 13, 2023

New YorkCNN — Bed Bath & Beyond, the store for seemingly everything in your home during the 1990s and 2000s, filed for bankruptcy on Sunday. The company secured a $240 million loan to help fund its operations during bankruptcy. A bankruptcy filing does not necessarily mean that a company is going out of business.

Bankruptcy 40

Bankruptcy Retail Manufacturing Loans 40

Burr Forman

SEPTEMBER 7, 2021

The “Legal Elite” are voted on by other attorneys in the area who choose the top lawyers in 26 different practice group categories. The Burr & Forman attorneys named among the “Legal Elite” list and their respective categories are: Adam Artigliere – Commercial Real Estate. Weyman Carter – Bankruptcy & Creditors Rights.

Acquisition 59

Acquisition Creditor's Rights Lawyers Bankruptcy 59

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] John’s University School of Law.

Education 40

Education Loans Student loans Student Loans 40

Roths Child Law

MARCH 12, 2021

If you’re going to go through bankruptcy or to look for other methods of having debt cancelled, it’s important to know how your taxes are affected by that decision. There are some exceptions in certain categories on a person-by-person basis that you should look into with the help of your attorney.

Credit Card Debt 98

Credit Card Debt Foreclosure Loans Bankruptcy 98

Burr Forman

AUGUST 11, 2020

The “Legal Elite” are voted on by other attorneys in the area who choose the top lawyers in 26 different practice group categories. The Burr Forman McNair attorneys named among the “Legal Elite” list and their respective categories are: Jeff Allen – Tax and Estate. Weyman Carter – Banking and Finance; Bankruptcy and Creditors’ Right.

Acquisition 40

Acquisition Creditor's Rights Healthcare Bankruptcy 40

Hudson Weir

FEBRUARY 12, 2021

The course of action taken will depend partly on whether a bankruptcy order has been made against the deceased person before their death. If a bankruptcy order has already been made then the bankruptcy process will usually carry on on as normal, although there may be some adjustments. loans from family members).

Secured Creditor 52

Secured Creditor Unsecured Creditor Bankruptcy Creditors 52

ABI

JANUARY 13, 2022

American Bankruptcy Institute Law Review Staff. . Section 523 of Title 11 of the United States Code (the “Bankruptcy Code”) generally provides that a student loan cannot be discharged unless it would impose “undue hardship” on the debtor. [1] Tags: Consumer Bankruptcy Kimberly Lee. John’s University School of Law.

Debtor 40

Debtor Loans Student loans Student Loans 40

ABI

JANUARY 26, 2023

1] In In re Szczyporski, the United States Court of Appeals for the Third Circuit held that the shared responsibility payment is a tax entitled to priority under Title 11 of the United States Code (the “Bankruptcy Code”). [2] Ashton Bryan St. shared responsibility payment. [4] shared responsibility payment. [4]

Bankruptcy 40

Bankruptcy Debtor Healthcare Government 40

UK debt collections

MAY 18, 2022

The report said: “Before passing a case for write off consideration, each debt will be pursued using all available recovery methods within the particular category of debt and will usually include attempts to collect by Sheriff Officers or a Debt Collection Agency. ”

Collection Agencies 52

Collection Agencies Collections Agency Bankruptcy Collections 52

Burr Forman

JULY 24, 2020

Birmingham associate James Roberts has been selected as a finalist for the Future Leaders category in the Chambers Diversity & Inclusion Awards for North America. James works in the Creditors’ Rights and Bankruptcy Group in the firm’s Birmingham office.

Secured Creditor 40

Secured Creditor Bankruptcy Creditors Debtor 40

Consumer Financial Services Law

MARCH 4, 2018

The Report breaks civil public records into three broad categories: bankruptcies, judgments and tax liens. Bankruptcies: The Report spends little, if any, time discussing bankruptcies because the number of bankruptcies being reported remained virtually unchanged after the new standards took effect.

Bankruptcy 40

Bankruptcy Judgment Consumer Credit Collections 40

Collection Industry News

JULY 18, 2022

“Loan portfolio delinquencies for both bank and non-bank servicers remained stable in the first quarter of 2022 from the fourth quarter of 2021 and improved in certain categories,” said Fitch Structured Finance Director Richard Koch.

Foreclosure 40

Foreclosure Loans Banks Bankruptcy 40

Troutman Sanders

DECEMBER 5, 2022

Notably, Romero advocated for a two-tiered approach to reducing consumer harm in the crypto markets: Redefining the definition of a “retail investor” to include two categories of retail customers: (1) household retail; and (2) professional and high net worth individuals.

Financial services 52

Financial services Credit Card Debt Retail Banks 52

Burr Forman

SEPTEMBER 29, 2021

The attorneys receiving recognition, by category, include: Local Litigation Stars. Future Stars: Erich Durlacher , Atlanta – Creditors’ Rights and Bankruptcy. Benchmark Litigation also recommended Burr & Forman in Dispute Resolution , and highly recommended the firm in Labor and Employment. About Benchmark Litigation.

Lawyers 45

Lawyers Creditor's Rights Law Firms Bankruptcy 45

Sawin & Shea

JULY 21, 2021

Start by determining the total amount of money that you can spend, and then begin breaking down that amount into categories. So, think about costs for travel, lodging, food, activities, and other needs and begin subdividing amounts to fit those categories.

Banks 105

Banks Bankruptcy 105

Nexa Collect

APRIL 11, 2021

The important factors to look at are: ratio of debt to income, a history of debt repayment, occupation, likelihood that they’ll file bankruptcy (see bankruptcy demographics ), family size, and employment status. Until then, the focus of collection efforts needs to be on those consumers who are in the least-impacted industries.

Collections 130

Collections Collection Agencies Collections Agency Construction 130

Better Credit Blog

MAY 10, 2022

We’re going to help you do that by introducing the basic credit card categories, as well as some of the top performers in each. They’ll issue you a credit card even if you have a recent bankruptcy. Also, be aware that many cashback cards put a dollar limit on how much you can spend in the higher rewards categories.

Auto Insurance 65

Auto Insurance Banks Debt Consolidation Credit Unions 65

BN Lawyers

MARCH 23, 2020

It can make the difference between being able to work out an arrangement with a landlord or equipment lessors and needing to file for a chapter 11 bankruptcy to save your business. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy.

Bankruptcy 67

Bankruptcy Creditors Lender Lawyers 67

Burr Forman

OCTOBER 8, 2020

The attorneys receiving recognition, by category, include: Local Litigation Stars. Erich Durlacher – Creditors’ Rights & Bankruptcy – Atlanta. Greg Burge – Torts, Insurance and Product Liability – Birmingham. Chip Collins – General Commercial Litigation – Atlanta. Future Stars. Erik Doerring – Corporate and Tax – Columbia.

Creditor's Rights 40

Creditor's Rights Financial services Lawyers Bankruptcy 40

PBWT

JULY 15, 2020

Transferees in the last category are known as subsequent transferees.) In April 2008, Generation Resources filed for bankruptcy, and Eric C. LWHC ultimately obtained a $9 million judgment, which Edison Capital paid; the funds were deposited with the bankruptcy court overseeing Generation Resource’s bankruptcy case.

Law Firms 52

Law Firms Bankruptcy Judgment Construction 52

Nexa Collect

JULY 1, 2020

For FICO scores, the following 5 categories of information are the most important when assessing your individual rating: Payment history: 35%. Two well known, and dreaded, causes of a falling credit score are bankruptcy and entering debt relief programs. Amount you owe: 30%. Length of credit history: 15%.

Bankruptcy 130

Bankruptcy Lender Credit Unions Credit Unions 130