Sawin & Shea

MARCH 15, 2022

Your investment real estate’s outcome depends entirely on whether you file for Chapter 7 or Chapter 13 bankruptcy. Investment Real Estate in Chapter 7 Bankruptcy. Chapter 7 bankruptcy is a great option for those looking to discharge eligible debts.

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Sawin & Shea

OCTOBER 26, 2022

Discharging Personal Loans Through Chapter 7 Bankruptcy. Whether or not you should discharge a personal loan in Chapter 7 bankruptcy will depend on if the loan is secured or unsecured. A bankruptcy filer can also discharge an unsecured personal loan when there’s a lawsuit revolving around it.

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Sawin & Shea

AUGUST 2, 2022

Below, we’ll cover the various reasons why a person might want to convert to Chapter 7, the benefits of converting, who qualifies to convert, the cost involved, and how the process works. For What Reasons Would Someone Convert From Chapter 13 to Chapter 7? The post Can You Convert Chapter 13 to Chapter 7?

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Sawin & Shea

SEPTEMBER 7, 2022

In this article, we discuss what exemptions you can expect and what you might lose when filing for bankruptcy. What Will I Lose When Filing for Bankruptcy? The majority of those who file Chapter 7 bankruptcy do not lose any of their assets, but it’s possible to lose nonexempt assets and properties when filing.

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Sawin & Shea

JUNE 14, 2023

Because so many struggle financially after divorce, it’s common for individuals to declare bankruptcy before or after their marital dissolution. Here’s what you need to know about bankruptcy and divorce. Dividing assets and property during a divorce can be difficult and may require the assistance of a mediator or attorney.

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Troutman Sanders

JANUARY 29, 2024

Bankruptcy Court for the Southern District of Florida disagreed and entered an award of sanctions in the total amount of $64,686.93 — including $10,000 for emotional distress and over $21,000 in punitive damages. As background, in 2002, the debtor and her then-spouse jointly filed a “no asset” Chapter 7 bankruptcy petition.

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Sawin & Shea

MARCH 13, 2024

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. Entering a reaffirmation agreement is a way that debtors in a Chapter 7 bankruptcy keep collateral attached to secured debt like houses or cars.

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Troutman Sanders

NOVEMBER 8, 2023

Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt. The defendant offered a “pause” program that allowed the plaintiff to suspend service for up to nine months at a cost of $5 per month, which the plaintiff accepted.

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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. But many people don’t know that there is a test to qualify for Indiana Chapter 7 bankruptcy. What is the Indiana Bankruptcy Means Test?

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Sawin & Shea

APRIL 17, 2024

In this blog, we’ll discuss how Chapter 13 usually affects credit scores, and we’ll give you actionable tips to begin rebuilding your credit. If you have additional questions regarding Chapter 13 or Chapter 7 bankruptcy, contact the attorneys at Sawin & Shea, LLC.

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Sawin & Shea

MARCH 20, 2024

When you have bills piling up and you’re dealing with notices from the Internal Revenue Service (IRS), it’s time to contact an attorney to learn more about your options. You may be wondering whether you should opt for a tax attorney or a bankruptcy attorney. Are you selecting Chapter 7 bankruptcy or Chapter 13 bankruptcy ?

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Sawin & Shea

MARCH 28, 2023

What Does the Bankruptcy Trustee Investigate in Chapter 7? A bankruptcy trustee overseeing a Chapter 7 bankruptcy has many responsibilities. You already filed Chapter 7 bankruptcy in the last eight years. What Does the Bankruptcy Trustee Investigate in Chapter 13?

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Sawin & Shea

OCTOBER 25, 2023

Chapter 7 Timeshare Bankruptcies If you file for Chapter 7 bankruptcy , you might be able to keep your timeshare. Timeshares usually don’t have equity and won’t be sold by the trustee in a Chapter 7 bankruptcy. Contact us at 317-759-1483 or send us an email for a free consultation today!

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Sawin & Shea

APRIL 5, 2023

For example, if you file for Chapter 7 bankruptcy on June 5 and receive child support income on June 10, you can keep the money. Does Bankruptcy Clear Child Support? How Chapter 7 Impacts Child Support Payments As stated above, filing for Chapter 7 bankruptcy will not discharge debts related to your child support.

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Credit Corp

MAY 3, 2023

However, we’ve provided some basic answers below to the question, “What is the difference between Chapter 7, 11, and 13 when it comes to bankruptcy?” In This Piece Understand the Types of Bankruptcy How Do You Know Which Bankruptcy Type is Right for You? What Is Chapter 11 Bankruptcy?

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Sawin & Shea

JULY 19, 2023

Chapter 7 bankruptcy , or liquidation bankruptcy, allows you to discharge all or most of your debt. Under Chapter 7, most people can keep their home and car, if desired, and receive automatic court protection from creditors. Chapter 7 bankruptcy also stops lawsuits and wage garnishments.

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Sawin & Shea

MARCH 14, 2023

If you’re filing for Chapter 7 bankruptcy , you can retain exempt assets and protect them from seizure but only up to a particular point. The court-appointed bankruptcy trustee can confiscate any non-exempt assets to liquidate in order to pay back some of your debts. Here’s How it Affects You.

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Sawin & Shea

FEBRUARY 22, 2023

This differs from Chapter 7 bankruptcy because debtors are at risk of losing their homes during the Chapter 7 liquidation process. In addition to being able to keep your home with Chapter 13, you’ll also receive an automatic stay for your vehicle and other possessions.

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Sawin & Shea

OCTOBER 18, 2023

But if you’re trying to decide if you should file for bankruptcy, going on vacation is more complicated. Vacation in Chapter 7 Bankruptcy You can take a vacation before filing for Chapter 7 bankruptcy if you’ve already paid for it, you weren’t experiencing financial difficulty at that time, and it’s non-refundable.

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Sawin & Shea

AUGUST 2, 2023

When you file for bankruptcy, the law immediately puts into place protections, including one that forbids creditors from contacting you in any way. Many people say this is one of the best benefits of filing for bankruptcy. What is the Difference Between Chapter 7 and Chapter 13?

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Sawin & Shea

AUGUST 23, 2023

Bankruptcy Explained Bankruptcy is a powerful legal process that can help individuals or businesses that are overwhelmed by debt get a fresh start and a path to rebuild. Chapter 7 is also known as the “liquidation bankruptcy” because it allows individuals to liquidate all non-exempt assets to help pay off their debt.

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Sawin & Shea

OCTOBER 20, 2021

Filing Again After Chapter 7 Bankruptcy. If you plan to file again after previously filing a Chapter 7 bankruptcy the following time limits apply. Filing Successive Chapter 7 Bankruptcy Cases. Filing Chapter 13 After a Chapter 7 Bankruptcy.

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Sawin & Shea

OCTOBER 20, 2021

Filing Again After Chapter 7 Bankruptcy. If you plan to file again after previously filing a Chapter 7 bankruptcy the following time limits apply. Filing Successive Chapter 7 Bankruptcy Cases. Filing Chapter 13 After a Chapter 7 Bankruptcy.

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Sawin & Shea

JULY 29, 2020

Unlike federal income taxes, payroll taxes cannot be wiped out in Chapter 7 bankruptcy. A bankruptcy can discharge personal liability on a debt, but the tax lien will remain attached to anything you own, and you will still owe taxes related to it, even after your case is discharged. Filing for bankruptcy is not the end.

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Sawin & Shea

MARCH 27, 2024

In this blog, we take a close look at ways Chapter 7 bankruptcy affects future or current employment. If you have additional questions, we encourage you to read our online articles about filing bankruptcy. What Is Chapter 7 Bankruptcy? Chapter 7 is often referred to as liquidation bankruptcy.

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Sawin & Shea

APRIL 13, 2021

Chapter 7 Bankruptcy. If you file for Chapter 7 bankruptcy, you may be able to stay in your house for a little while longer before you are foreclosed on. Once you take away the worry and constant pressure of creditors constantly contacting you, it will be easier to focus on getting your house on the market.

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Sawin & Shea

AUGUST 30, 2023

Although businesses can also declare bankruptcy, we will focus on personal bankruptcy in this article. In Chapter 7 Bankruptcy , (sometimes misleadingly described as liquidation bankruptcy), certain debts are discharged within 3-4 months. Chapter 13 Bankruptcy is sometimes called “the wage earner’s plan.”

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Sawin & Shea

FEBRUARY 23, 2022

There are a lot of reasons why a Chapter 13 might be the best choice for a person. However, many people who file for Chapter 13 Bankruptcy do so either because they don’t qualify for a Chapter 7 Bankruptcy or because they want to keep their house from being foreclosed upon and their car from being repossessed.

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Sawin & Shea

DECEMBER 29, 2021

In most situations, the trustee will get in contact with you first to resolve the issue in case a mistake was made. Debtors in Indiana can protect exempt property under both a Chapter 7 and a Chapter 13 bankruptcy. Property in Chapter 7 Bankruptcy.

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Debt Free Colorado

FEBRUARY 17, 2023

If you constantly abuse the bankruptcy process when filing consecutive requests , you could lose some benefits of filing for bankruptcy, like an automatic stay. An automatic stay is a kind of bankruptcy relief that prevents debt creditors from contacting you about the amount you owe. Both types cater to different cases.

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Sawin & Shea

APRIL 26, 2023

If that’s not possible for you, another option is to avoid it through Chapter 7 or Chapter 13 bankruptcy court. Here’s how that works: Chapter 7 If you successfully file for Chapter 7 bankruptcy , you receive protection from creditors and a discharge of most debt.

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Sawin & Shea

FEBRUARY 14, 2023

Whether you are filing for Chapter 7 or Chapter 13 , we can assist you, both with the process of filing and even after your bankruptcy has been discharged. Credit Scores: What Happens When You File for Bankruptcy? Most Chapter 7 cases are what is called a “no-asset” case and the debtors keep everything they have.

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Sawin & Shea

MAY 19, 2021

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. Or contact us online. We are here to help.

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Sawin & Shea

MARCH 6, 2024

It provides a way for debtors to either liquidate non-exempt assets (most cases result in a no-asset finding, meaning people keep everything they have) to pay off creditors and eliminate remaining debts (Chapter 7 bankruptcy) or to reorganize their finances and debts into a multi-year repayment plan (Chapter 13 bankruptcy).

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Sawin & Shea

JULY 6, 2022

Contact an Indianapolis Bankruptcy Attorney. If you’re considering filing for bankruptcy, you need a skilled lawyer at your side to help you through the process. For legal support in filing Chapter 7 bankruptcy and Chapter 13 bankruptcy in Indianapolis , contact the bankruptcy lawyers at Sawin & Shea, LLC.

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Sawin & Shea

JANUARY 4, 2024

To receive the discharge, you must prove that you qualify in three ways: You must demonstrate that the situation preventing you from honoring your Chapter 13 repayment plan is beyond your control and you should not “ be justly held accountable.” All of your debts must be eligible types to proceed with the bankruptcy hardship discharge.

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Sawin & Shea

JANUARY 5, 2022

While most post-petition debts are not eligible to be added after you have already filed, there are some situations where it may be allowed, including: If you convert from Chapter 13 to Chapter 7, debts incurred after the Chapter 13 filing and before the conversion date can be added to the Chapter 7 bankruptcy.

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