Chapter 13 Bankruptcy and Student Loans

Sawin & Shea

It’s no surprise then that thousands of individuals with student loan debt end up turning to bankruptcy for help. Though filing for bankruptcy may seem scary, there are many ways that it can help those drowning in debt get back on track. How Does Student Loans Bankruptcy Work?

How are Medical Bills Treated in Chapter 13 Bankruptcy?

Sawin & Shea

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.

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Second Mortgage Lien Stripping With Chapter 13 Bankruptcy

Sawin & Shea

Chapter 13 bankruptcy offers the option of lien stripping. If you’re filing or considering filing for Chapter 13, you need to be aware of the process and advantages of lien stripping. It is not now available in Chapter 7 liquidation cases.

Second Mortgage Lien Stripping With Chapter 13 Bankruptcy

Sawin & Shea

Chapter 13 bankruptcy offers the option of lien stripping. If you’re filing or considering filing for Chapter 13, you need to be aware of the process and advantages of lien stripping. It is not now available in Chapter 7 liquidation cases.

What Are My Repayment Obligations Under Chapter 13 Bankruptcy?

Sawin & Shea

When you’re considering Chapter 13 bankruptcy, you’re also wondering how much of your debt you’d be obligated to pay back. Let’s take a look at a debtor’s obligations under Chapter 13 bankruptcy. What Is A Chapter 13 Bankruptcy Plan?

Why Car Insurance is Important During Chapter 13 Bankruptcy

Luftman, Heck & Associates.

Chapter 13 bankruptcy can help consolidate your debt so you can repay it, usually over 3 to 5 years. The post Why Car Insurance is Important During Chapter 13 Bankruptcy appeared first on Cleveland Ohio Bankruptcy Attorneys. Bankruptcy Chapter 13

What Debts Will Remain After A Chapter 13 Discharge?

Sawin & Shea

Chapter 13 bankruptcy can wipe out most kinds of debts and leave you with a much brighter financial picture. But Chapter 13 can’t discharge all types of debt you’ve taken on. Which Debts Can Be Discharged By Chapter 13 Bankruptcy?

The CARES Act, Consumer Bankruptcy, and Mortgage Servicing

Sawin & Shea

Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options. However, the situation was a bit more complicated for those already in bankruptcy or considering it.

How Many Months Must Be in a Chapter 13 Plan?

Sawin & Shea

Considering Chapter 13 bankruptcy? Chapter 13 bankruptcy takes a bit longer than Chapter 7, but it may be the best plan for you. Let’s look at the factors that determine how long a bankruptcy takes so you can get an idea of your bankruptcy’s timeframe.

Getting Approved for a Loan After Bankruptcy

Sawin & Shea

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. 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.

Utility Bills and Bankruptcy

Sawin & Shea

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.

Utility Bills and Bankruptcy

Sawin & Shea

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 Long Does a Bankruptcy Stay on Your Credit Report?

Sawin & Shea

If you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy, or if you have already filed, you may be concerned about how long the bankruptcy will stay on your credit report. The situation is more complicated with Chapter 13 bankruptcy.

Can I Travel While Filing for Bankruptcy?

Sawin & Shea

However, the requirements for Chapter 7 and Chapter 13 Bankruptcy are different, so we’ll discuss each of them separately. Chapter 7. Chapter 13. You don’t want to affect your bankruptcy proceedings or to be thought to be acting in bad faith.

Credit Reporting During and After Bankruptcy

Sawin & Shea

Have you wondered what will happen to your credit report during and after your bankruptcy? When you’re working with a bankruptcy attorney at Sawin & Shea, one of the services we offer is reviewing your credit report. Your Credit Report as Part of Your Bankruptcy.

What Does a Chapter 13 Repayment Plan Look Like?

Sawin & Shea

It’s a smart choice to file for Chapter 13 bankruptcy. Your bankruptcy plan will allow you to catch up on payments and settle your debts while giving you a chance to keep your home treasured belongings. courts have nicknamed Chapter 13 bankruptcy the “wage earner’s plan.”.

Do You Have to Get Debt Counseling Before Bankruptcy?

Sawin & Shea

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. It also talks about using repayment plans instead of declaring bankruptcy.

How Often Can I File for Bankruptcy?

Sawin & Shea

Filing for bankruptcy a first time is challenging enough, let alone trying to file a second time. However, for some, debts are often so unmanageable and add up over time that two consecutive bankruptcy filings might be necessary. Filing Again After Chapter 7 Bankruptcy.

How Often Can I File for Bankruptcy?

Sawin & Shea

Filing for bankruptcy a first time is challenging enough, let alone trying to file a second time. However, for some, debts are often so unmanageable and add up over time that two consecutive bankruptcy filings might be necessary. Filing Again After Chapter 7 Bankruptcy.

Why People Resist Bankruptcy

Sawin & Shea

Bankruptcy is a smart, legal, and effective way to wipe out a mountain of old debts. There are many reasons why people resist bankruptcy, but some are based on fiction rather than facts. If you think bankruptcy is rare, think again. Feeling Resistant to Bankruptcy?

Filing Bankruptcy Without Your Spouse: What Happens to Debts & Property?

Sawin & Shea

If you’re married and considering bankruptcy in Indiana, you’re probably wondering whether you can file alone and how this could impact your spouse. This is one of the most common questions for bankruptcy attorneys. Yes, you can file bankruptcy without your spouse.

What You Need to Know About Medical Bankruptcy

Sawin & Shea

up to 62% of bankruptcies now include significant medical debt. Many people are turning to medical bankruptcy, which is a bankruptcy that wipes out all bills related to an expensive health situation. Discharging Debt with Medical Bankruptcy in Indiana. Bankruptcy Code.

Can You Sell Your Home if You File for Bankruptcy in Indiana?

Sawin & Shea

What you will learn from reading this article: Facts about selling your home while going through bankruptcy. Details about Chapter 7 and Chapter 13 Bankruptcies and your house. You will need the advice of an experienced bankruptcy attorney as soon as possible!

Bankruptcy and Unemployment

Sawin & Shea

In this situation, you may be wondering whether bankruptcy could be a good solution. Let’s look at how bankruptcy works when you’re unemployed and whether this could be a path to clearing away all that old debt. Income Requirements for Bankruptcy.

The Debtor, not the Trustee, is Entitled to Funds Being Held by a Trustee Following Dismissal of a Chapter 13 Bankruptcy Case

Foster Swift

Filing for Chapter 13 bankruptcy as a consumer is a voluntary decision. Once a Chapter 13 case has been filed, it is also up to the debtors to dismiss the case if they so choose. Read More › Tags: Chapter 13 , Did you Know

The CARES Act, Consumer Bankruptcy, and Mortgage Servicing

Sawin & Shea

Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options. However, the situation was a bit more complicated for those already in bankruptcy or considering it.

Sixth Circuit Court of Appeals Holds that Penalties Associated with Michigan Unemployment Benefits Fraud are Non-dischargeable in Chapter 13 Bankruptcy Cases

Foster Swift

Court of Appeals for the Sixth Circuit (the “Court”) ruled that penalties assessed by the state of Michigan against two debtors, stemming from fraud associated with the wrongful receipt of Michigan unemployment benefits, are non-dischargeable in Chapter 13 bankruptcy pursuant to Bankruptcy Code § 523(a)(2). 1 Read More › Tags: 6th Circuit Court of Appeals , Chapter 13 In a recent opinion, the U.S.

Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

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.

Credit Card Debt and Bankruptcy

Sawin & Shea

Bankruptcy is often a wise choice for those overwhelmed by credit card debt and looking to get back on track and rebuild their finances. Though it can be a scary and stressful process, the benefits of filing for bankruptcy tend to outweigh the detriments.

Credit Card Debt and Bankruptcy

Sawin & Shea

Bankruptcy is often a wise choice for those overwhelmed by credit card debt and looking to get back on track and rebuild their finances. Though it can be a scary and stressful process, the benefits of filing for bankruptcy tend to outweigh the detriments.

I’m Self Employed: What Are My Bankruptcy Options?

Sawin & Shea

Nobody wants to be in a situation where they have to file for bankruptcy, but for the self-employed, it can be a doubly crushing blow. You may even have doubts about whether or not self-employed people are eligible to file for bankruptcy. Chapter 7. Chapter 13.

Can I Put My Property in My Spouse’s Name and File for Bankruptcy?

Sawin & Shea

If you are married and preparing to file for bankruptcy, you may be wondering how it will affect your spouse. While you can file individual bankruptcy, there are still potential consequences for your spouse. What Happens to Our Property When I File for Bankruptcy?

Car Payments and Car Repossession

Sawin & Shea

Car repossession is one of the many reasons people contact the Indiana bankruptcy attorneys here at Sawin & Shea. You may still have the option of keeping your car through bankruptcy. Bankruptcy Offers a Way to Keep Your Vehicle. Filing for Bankruptcy ASAP.

Can I Put My Property in My Spouse’s Name and File for Bankruptcy?

Sawin & Shea

If you are married and preparing to file for bankruptcy, you may be wondering how it will affect your spouse. While you can file individual bankruptcy, there are still potential consequences for your spouse. What Happens to Our Property When I File for Bankruptcy?

Car Repossessions During the COVID-19 Crisis

Sawin & Shea

Hi, I’m Andrew Sawin, an attorney at Sawin and Shea Bankruptcy Law Office. If you’re far enough behind that your lender won’t work with you, we’ve got some options in bankruptcy. Bankruptcy Basics Bankruptcy Law Chapter 13 Bankruptcy