Chapter 13 bankruptcy, Credit Card Debt, Loans and Repossession

What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

OCTOBER 26, 2022

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation.

Personal loans

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What Debts Will Remain After A Chapter 13 Discharge?

Sawin & Shea

JULY 8, 2020

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. Some debts will remain after your bankruptcy, although you’ll be in a much better position to handle them.

Chapter 13 bankruptcy

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

Personal loans

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Consumer Debt vs. Non Consumer Debt

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. If you’re considering filing Chapter 7 or Chapter 13 bankruptcy, consider enlisting the help of skilled bankruptcy attorneys.

Chapter 13 bankruptcy

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Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

APRIL 17, 2024

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?

Chapter 13 bankruptcy

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How Much Debt is Needed to File for Bankruptcy?

Sawin & Shea

MARCH 9, 2022

Unsecured debts refer to debts that don’t have collateral. Some examples of unsecured debts include, but are not limited to, repossessions deficiencies, old lease balances, medical bills, cash advance loans, and credit card debts. Will Bankruptcy Eliminate All of My Debts?

Chapter 13 bankruptcy

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

DECEMBER 9, 2021

Consider your income, assets, creditors, expenditures, and your ability to pass the means test while selecting between Chapter 13 and Chapter 7. You should get legal assistance from a knowledgeable bankruptcy attorney in Denver. The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy.

Chapter 13 bankruptcy

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Can You Reaffirm a Debt in Chapter 13?

Sawin & Shea

MARCH 13, 2024

A reaffirmation agreement is a document that re-obligates a debtor to repay a particular debt, such as a car loan, mortgage, or other loan type. It basically serves as a legally binding promise that the person filing for bankruptcy will resume making payments in full and on time to the creditor.

Chapter 7 bankruptcy

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Is It Better To Declare Bankruptcy or Debt Consolidation?

Sawin & Shea

JANUARY 24, 2024

The remaining qualifying debts are discharged, meaning you are no longer responsible for paying them back. Chapter 13 bankruptcy sets up a 3-5 year repayment plan to pay back a portion of what you owe. At the end of the plan, any unpaid balances on the qualifying debts are discharged.

Debt Consolidation

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Discharge in Bankruptcy – Bankruptcy Basics

Sawin & Shea

AUGUST 30, 2023

Chapter 13 Bankruptcy is a Federal Bankruptcy Court-sanctioned debt reorganization plan. It works through reorganization, as opposed to liquidation, and you do not have to pass the Chapter 7 means test. Under Chapter 13 Bankruptcy, you have time and a plan in which to repay your debts.

Bankruptcy

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Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Sawin & Shea

JUNE 7, 2023

Co-signers are beneficial for those seeking to obtain loans and credit cards. The primary advantage of having a responsible co-signer is that it will increase your chances of receiving credit approval. Fortunately, in this blog, we’ll unpack cosigner responsibilities when it comes to bankruptcy and debt.

Chapter 13 bankruptcy

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Tax Attorney vs Bankruptcy Attorney: What’s the Difference?

Sawin & Shea

MARCH 20, 2024

If you’re worried about garnishments, foreclosures , lawsuits, repossessions , or other consequences of your debt, connect with an experienced bankruptcy lawyer at Sawin & Shea as soon as possible. What’s the Difference Between a Tax Attorney and a Bankruptcy Attorney? You deserve a fresh start.

Bankruptcy

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Who Can Declare Chapter 7 Bankruptcy?

Sawin & Shea

JANUARY 18, 2023

In that case, the bankruptcy court will recommend that you declare Chapter 13 bankruptcy , which consolidates your debts into a three-to-five-year repayment plan. What Happens After You File Chapter 7 Bankruptcy? Additionally, your creditors will not be allowed to contact you.

Chapter 7 bankruptcy

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Mistakes to avoid when filing for personal bankruptcy

Roths Child Law

JANUARY 31, 2023

Filing the wrong chapter Personal bankruptcies fall into two categories - Chapter 7 and Chapter 13 bankruptcies. It is important that you understand how these types of bankruptcies differ. Bankruptcy can give you a fresh start. Still, others delay the process in an attempt to “buy time.”

Bankruptcy

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

AUGUST 23, 2020

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. Can I be forced to sell my home in a Chapter 7 Bankruptcy?

Chapter 13 bankruptcy

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Bankruptcy and Divorce: Should I File Before or After?

Sawin & Shea

JUNE 14, 2023

Declaring Bankruptcy Before a Divorce If you’re on good terms with your spouse and are struggling with unsecured debts, you may want to consider filing Chapter 7 bankruptcy before your divorce. As we mentioned above, Chapter 13 involves consolidating your existing debts into a realistic three- to five-year repayment plan.

Chapter 7 bankruptcy

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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

NOVEMBER 15, 2023

It distinguishes between what are called ‘secured’ and ‘unsecured’ debts, which are terms you need to know before filing for bankruptcy. And possibly the most common question people ask is credit card debt is secured or unsecured. Secured vs Unsecured Debt: What’s the Difference?

Unsecured Debt

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Creditor Collections Today

What Happens to My Personal Loan After Bankruptcy?

What Debts Will Remain After A Chapter 13 Discharge?

Trending Sources

What Happens After a Personal Loan Bankruptcy Discharge?

Consumer Debt vs. Non Consumer Debt

Does Chapter 13 Wipe All of Your Credit?

How Much Debt is Needed to File for Bankruptcy?

Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Can You Reaffirm a Debt in Chapter 13?

Is It Better To Declare Bankruptcy or Debt Consolidation?

Discharge in Bankruptcy – Bankruptcy Basics

Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Tax Attorney vs Bankruptcy Attorney: What’s the Difference?

Who Can Declare Chapter 7 Bankruptcy?

Mistakes to avoid when filing for personal bankruptcy

Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Bankruptcy and Divorce: Should I File Before or After?

Secured vs Unsecured Debt: Everything You Need to Know

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