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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

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?

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

Titan Consulting

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. How long does a Bankruptcy stay on your credit report?

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What is the Bankruptcy Means Test?

Sawin & Shea

However, if your monthly disposable income exceeds the maximum allowable, you will fail the test and be prohibited from filing for Chapter 7 bankruptcy. Be aware, if you fail the Chapter 7 means test, you still have other options, including Chapter 13 bankruptcy and debt settlement plans.

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Need Debt Relief? Here Are Your Options

Debt Guru

Also, if you had a co-signer on any of your debt, they would now be responsible for the balance. This type of bankruptcy will stay on your credit report for ten years. This type of bankruptcy stays on your credit history for 7 years. Debt Settlement.

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Tips for Credit Debt Relief

Sawin & Shea

Two forms of bankruptcy may be your saving grace for your debt management goals: Chapter 7 Bankruptcy , which discharges your credit debt in exchange for selling certain non-exempt assets to pay something to your creditors. Chapter 13 Bankruptcy , which helps you develop a debt repayment plan.

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Dealing With Debt From COVID-19

Debt Free Colorado

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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Tips For Credit Card Debt Relief

Sawin & Shea

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.