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. What is Consumer Debt?

Chapter 13 bankruptcy 122

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Student loans 122

Sawin & Shea

JANUARY 25, 2023

Why File for Bankruptcy with Rising Interest Rates If you’re struggling with overwhelming debts made worse by increased interest rates, you may want to consider filing for Chapter 13 bankruptcy. Chapter 13 bankruptcy organizes your debts into a repayment plan that lasts three to five years.

Chapter 13 bankruptcy 72

Chapter 13 bankruptcy Bankruptcy Loans Foreclosure 72

Sawin & Shea

APRIL 13, 2021

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! Chapter 13 Bankruptcy.

Chapter 13 bankruptcy 80

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Foreclosure 80

Sawin & Shea

OCTOBER 25, 2023

If you can no longer afford the monthly payments, you can surrender your timeshare when you declare bankruptcy. In this case, the property will go back to the lender. Chapter 7 Timeshare Bankruptcies If you file for Chapter 7 bankruptcy , you might be able to keep your timeshare.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Foreclosure 52

Credit Corp

JANUARY 24, 2024

While there is no minimum requirement, most lenders prefer a credit score of 620 or above. While VA loans are typically easier to get approval for than conventional loans, private lenders still have certain requirements you must meet. VA lenders generally look for a minimum credit score of 620.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Loans Chapter 7 bankruptcy Foreclosure 52

Roths Child Law

APRIL 16, 2021

It may only take a few months of missed payments to motivate your lender to foreclose on your home. Once foreclosure starts, you need to act quickly or risk losing everything you have invested in your home. After he fell behind on his mortgage, the lender eventually decided to foreclose.

Foreclosure 40

Foreclosure Chapter 13 bankruptcy Bankruptcy Lender 40

Sawin & Shea

JULY 19, 2023

Chapter 13 , or reorganization bankruptcy, stops repossessions and foreclosures so you can save your home or investment. Like Chapter 7, it stops lawsuits and garnishments. Chapter 13 can help people keep assets that might be at risk in a Chapter 7.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Garnishment 52

Sawin & Shea

MARCH 13, 2024

Reaffirming Debt in Chapter 13 Bankruptcy Chapter 13 bankruptcy involves consolidating your different forms of debt into a three-to-five-year repayment plan. There is a Chapter 13 Plan that controls how various debts are treated. Next, the judge will assign a bankruptcy trustee to your case.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Collateral 52

Sawin & Shea

JUNE 7, 2023

When a borrower applies for a loan or credit card, the lender will assess their creditworthiness by looking at their income, credit score, and debt-to-income ratio. If the lender is concerned about the borrower’s ability to repay the debt, they may require a co-signer. Considering Filing for Bankruptcy?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Personal loans 52

Sawin & Shea

OCTOBER 6, 2021

Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options. Due to the CARES Act, lenders must allow this forbearance if borrowers meet the two conditions listed above.

Bankruptcy 98

Bankruptcy Chapter 13 bankruptcy Lender Government 98

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. Auto lenders could also waive payments for those impacted by COVID-19.

Chapter 13 bankruptcy 86

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Sawin & Shea

APRIL 26, 2023

Even after a law was passed in 2018 to prohibit creditors from reporting liens to credit bureaus , lenders can still search for judgments using public records, making it harder to get a job or a loan. If that’s not possible for you, another option is to avoid it through Chapter 7 or Chapter 13 bankruptcy court.

Judgment 52

Judgment Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy 52

Debt Free Colorado

MARCH 3, 2023

Through a legal process called bankruptcy, some people who are unable to pay their debts can start over financially, either temporarily or permanently. Since the effects are severe and long-lasting, bankruptcy is typically seen as the last option for managing debt. Do Bankruptcies Come in Different Types?

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Credit Corp

JUNE 14, 2023

Lenders don’t necessarily continue to report activity for the entire limit. Foreclosures and Short Sales: Seven Years A foreclosure can remain on your credit reports for seven years from the date the foreclosure was filed. This allows borrowers to comparison-shop lenders.

Foreclosure 89

Foreclosure Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy 89

Sawin & Shea

OCTOBER 6, 2021

Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options. Due to the CARES Act, lenders must allow this forbearance if borrowers meet the two conditions listed above.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Lender Government 52

Debt Free Colorado

MARCH 10, 2023

The following are some of the most common bankruptcy myths in Littleton, Colorado: Myth #1: Short sales and loan modifications are viable alternatives to bankruptcy. Some people hope to stay out of bankruptcy by selling their homes or requesting a loan modification. Yet, fewer than 10% of these efforts succeed.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Debtor 52

Debt Free Colorado

APRIL 9, 2020

Many creditors such as mortgage servicers, auto lenders, and credit card companies are offering assistance to individuals financially affected by the pandemic. Unlike mortgage lenders, most landlords are simply not in a financial position to weather the loss of rental income due to the high expenses associated with the rental property itself.

Student loans 82

Student loans Student Loans Chapter 13 bankruptcy Chapter 7 bankruptcy 82

Debt Free Colorado

MARCH 1, 2022

In the event that your loan doesn’t offer a plan or you’re not approved, a Chapter 13 Bankruptcy will stop a foreclosure and give you 5 years to get caught up on your mortgage arrears while potentially wiping out other debt like credit cards and medical bills. There are options available to you to prevent foreclosure.

Chapter 13 bankruptcy 75

Chapter 13 bankruptcy Foreclosure Bankruptcy Loans 75

Sawin & Shea

AUGUST 24, 2022

Although sometimes borrowers can receive a forbearance or work out a repayment plan with their lenders, many are unable to reach this agreement, meaning they’re at risk of losing their homes. If you’re at risk of losing your home, Chapter 13 bankruptcy could be your best option. What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy 105

Chapter 13 bankruptcy Foreclosure Chapter 7 bankruptcy Bankruptcy 105

Albuquerque Law

MAY 6, 2020

How to know which kind you need Bankruptcy is an issue that had a lot of negative social stigma attached to it; however, nowadays, many people understand that they can use bankruptcy to resolve unpaid debt and lay the groundwork for a stronger financial future. Your lenders must agree to the alternative payment plans.

Bankruptcy 40

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Foreclosure 40

Sawin & Shea

NOVEMBER 15, 2023

Unsecured debt would include things like: Medical bills Credit card bills Utility bills Back rent Personal loans At the end of the bankruptcy process, the remaining balances for these types of unsecured debts will likely be forgiven. A Chapter 13 plan can cure arrearages on houses or cars, stopping foreclosures and repossessions.

Unsecured Debt 52

Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

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 75

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75