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Questions to Ask a Chapter 7 Bankruptcy Lawyer Before Filing for Bankruptcy

Sawin & Shea

At Sawin & Shea, LLC, our Chapter 7 Bankruptcy lawyers have helped clients just like you in the Indianapolis and surrounding areas. What is Chapter 7 Bankruptcy? Most Chapter 7 cases are what we call “no-asset” cases and people keep everything they have. Will All of My Debt Get Discharged?

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Bankruptcy and Your Job

Sawin & Shea

There are two circumstances in which your employer could find out about your Chapter 7 bankruptcy: In a Chapter 7 bankruptcy, your employer would know only if you were already having your wages garnished by creditors (called wage attachment). A bankruptcy, however, is a matter of public record.

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Debtor Education Course After Filing for Bankruptcy

Sawin & Shea

Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy.

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Can Bankruptcy Get Rid of My Credit Card Debt in Broomfield, CO?

Debt Free Colorado

Quick Summary: Chapter 7 and Chapter 13 are the two main bankruptcy chapters that can discharge credit card debt. Qualifying for Chapter 7 bankruptcy depends on your income and expenses through the means test. The Bankruptcy Code assumes this unless the creditor proves misuse.

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10 Common Questions About Bankruptcy

Debt Free Colorado

Are there Available Alternatives If You Have a Lot of Debt and don’t Want to File for Bankruptcy? Are My Creditors capable of appealing My Bankruptcy? What Debts are Discharged in Bankruptcy? After Filing for Bankruptcy, am I Still Able to Own Property? Lastly, Do I require Legal Counsel to File for Bankruptcy?

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Retirement Savings in Bankruptcy in Broomfield, CO

Debt Free Colorado

In both Chapter 7 and Chapter 13 bankruptcies, IRA plans are generally afforded some level of protection , but the specifics can vary. Chapter 7 Bankruptcy In Chapter 7, where non-exempt assets may be liquidated to pay creditors , IRAs are often protected up to a specific limit.

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How to File for Bankruptcy

Better Credit Blog

There are several different types of bankruptcies, but the majority of individuals can only file for Chapter 7, which is also known as liquidation bankruptcy, and Chapter 13 bankruptcy, which is also known as the wage earner’s plan. ” How To File For Bankruptcy. ” Finding The Right Lawyer.