Titan Consulting
AUGUST 23, 2020
You must qualify to file for bankruptcy, and your income must meet an income means test. If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score.
Sawin & Shea
MAY 24, 2023
Chapter 7 bankruptcy (the most common form of bankruptcy ) essentially wipes away a large portion of your unsecured debts and protects certain assets you may possess. Briefly, unsecured debts are not backed by any collateral. Credit card and medical debt are examples of unsecured debt.
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Sawin & Shea
AUGUST 24, 2020
Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. What Do the Various Kinds of Bankruptcy Entail? There are many intricacies that set Chapter 7 and Chapter 13 Bankruptcy apart. What does each one mean?
Sawin & Shea
FEBRUARY 2, 2022
If you are drowning in debt but aren’t sure which option is right for you, it can help to consult with an experienced lawyer. At Sawin & Shea, LLC, our attorneys have years of experience helping clients find relief from credit card debt. 5 Tips and Solutions for Managing Credit Card Debt. Debt Settlement.
Debt Guru
AUGUST 30, 2021
You’ve probably heard of people filing for bankruptcy but may not understand how it works for individuals who are in debt over their heads. There are two forms of bankruptcy: Chapter 7 bankruptcy is when you go to court and ask that all of your outstanding debt is discharged. Debt Settlement.
Sawin & Shea
NOVEMBER 8, 2023
Consider Filing for Bankruptcy While it should be at the bottom of your list of solutions, it should be on the list as it is a viable option for credit debt relief. Chapter 13 Bankruptcy , which helps you develop a debt repayment plan. This results those late payments being reported on your credit report.
Debt Free Colorado
APRIL 9, 2020
Fortunately, there are a number of tools available to help you get back on your feet once you do get back to work including debt settlement and repayment plans; Chapter 7 bankruptcy , a court process designed to wipe out most types of debt; and Chapter 13 bankruptcy , a court structured repayment plan which can stop a foreclosure or repossession and (..)
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