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What Assets Do You Lose in Chapter 7?

Sawin & Shea

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. What Is Chapter 7 Bankruptcy?

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What Happens If I Get a Job After Filing Chapter 7?

Sawin & Shea

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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Can I Discharge a Private Student Loan in Bankruptcy?

Sawin & Shea

As a result, the majority of debtors who file for Chapter 7 bankruptcy do not get their college loans dismissed. How do bankruptcy courts handle private student loans, however? Are private student loans treated differently by bankruptcy courts? Common Reasons Private Loans May Be Discharged.

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Will a Bankruptcy Trustee Contact My Employer?

Sawin & Shea

And if they search your credit history, they’ll also likely spot your bankruptcy filing. A Chapter 7 bankruptcy remains on your credit history for ten years, and a Chapter 13 bankruptcy will stay on your credit history for seven years. Public or government employers may not.

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Chapter 13 Bankruptcy Dismissed. Can I Refile?

Sawin & Shea

Unfortunately, not everyone filing Chapter 13 will complete the repayment process. If the bankruptcy court has your Chapter 13 bankruptcy dismissed, you’ll need to refile or find another method for overcoming your debts, such as Chapter 7 bankruptcy. The post Chapter 13 Bankruptcy Dismissed.

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10 Common Questions About Bankruptcy

Debt Free Colorado

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances.

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What Is the Impact of Bankruptcy on Professional Licenses and Certifications?

Sawin & Shea

Types of loan and debt defaults that may affect your professional license include: Child support Student loans Alimony Can My Bankruptcy Filing Affect My Employment? It is against the law for an employer to fire you on the basis of your bankruptcy, and this includes both government and private employers.