Sawin & Shea

OCTOBER 13, 2021

When a court approves the stripping of a lien, after your discharge those lenders can no longer collect debts on that lien or threaten to foreclose on a home for missed payments. When you successfully strip a lien when filing for Chapter 13 bankruptcy, the lien undergoes the same treatment as other unsecured debts.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 59

Debt Free Colorado

JUNE 18, 2024

Quick Summary: Chapter 7 bankruptcy allows individuals to discharge most unsecured debts. Creditor harassment is any aggressive or threatening communication from a debt collector. Wage garnishment is a legal procedure where a creditor obtains a court order to withhold part of your earnings from your paycheck to repay a debt.

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Roths Child Law

APRIL 6, 2023

It could even help you to save a home that is at risk of foreclosure. Certainly, filing for bankruptcy isn’t the best debt management or debt solution for all consumers. However, if you’re struggling with multiple debts, Chapter 13 bankruptcy could be a great opportunity.

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Titan Consulting

SEPTEMBER 2, 2020

However, the long-term interest charged at the end of the promotional period could be as high as the existing debt, limiting its usefulness. HELOC ( home equity line of credit ) will convert unsecured debts into a secured loan using your home as collateral. What impact does debt consolidation have on my credit score?

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Sawin & Shea

OCTOBER 13, 2021

When a court approves the stripping of a lien, after your discharge those lenders can no longer collect debts on that lien or threaten to foreclose on a home for missed payments. When you successfully strip a lien when filing for Chapter 13 bankruptcy, the lien undergoes the same treatment as other unsecured debts.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 52

Sawin & Shea

MAY 2, 2024

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. Dischargeable debts are those that can be eliminated through bankruptcy.

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Sawin & Shea

AUGUST 2, 2023

Chapter 7 Chapter 7 bankruptcy (the most common form of bankruptcy ) essentially wipes away a large portion of your unsecured debts and includes rules to protect assets that are classified as exempt at the time you file. Unsecured debt includes things like credit card debt, medical debt, and personal loans.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

DECEMBER 28, 2023

Collection efforts against the filer are prohibited during this repayment period. By stretching out, modifying, or reducing payments, Chapter 13 helps make debt more manageable for financially distressed individuals while allowing them the opportunity to save assets like their homes from foreclosure and cars from repossession.

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Credit Corp

MAY 3, 2023

Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. to 5 years Debt limitations n/a Combined secured and unsecured debts must be less than $2,750,000 n/a Who Can File for Each Type of Bankruptcy? Yes Yes Yes Can businesses file? A few months 3 to 5 years 1.5

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Sawin & Shea

JANUARY 11, 2024

Chapter 7 Bankruptcy: Straight liquidation bankruptcy that wipes out eligible debt completely Stop creditor harassment, lawsuits, wage garnishment Get a discharge of most unsecured debts like credit cards and medical bills in just a few months Certain assets like cars or houses can be “reaffirmed” and kept after bankruptcy Qualification (..)

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Sawin & Shea

JUNE 7, 2023

Cosigner Responsibilities: Bankruptcy and Debt Collection If a primary borrower declares bankruptcy, the co-signer associated with the debt may be responsible to pay back creditors, but this will depend on the type of bankruptcy that the primary debtor filed.

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Sawin & Shea

OCTOBER 20, 2021

This shorter period is likely because most individuals who file Chapter 13 will still have to pay some debts back through a payment plan rather than having it entirely discharged. However, it can give you an opportunity to reorganize under the court’s protection and make plans on how to ultimately deal with the debts.

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Sawin & Shea

OCTOBER 20, 2021

This shorter period is likely because most individuals who file Chapter 13 will still have to pay some debts back through a payment plan rather than having it entirely discharged. However, it can give you an opportunity to reorganize under the court’s protection and make plans on how to ultimately deal with the debts.

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Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Unsecured Debt 52

Debt Free Colorado

MARCH 3, 2023

For instance, it may permit the restructuring of debts due to “secured” creditors, or creditors who have an interest in assets like a mortgage or a car loan, but it typically won’t abolish those debts. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off?

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Sawin & Shea

SEPTEMBER 20, 2023

Some of the most common reasons that people file for Chapter 7 bankruptcy include debt collection lawsuits, sudden loss of income, medical bills, overwhelming credit card debt, and separation or divorce. From July 2020 to June 2021, there were 15,719 bankruptcies filed in Indiana.

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Sawin & Shea

MARCH 13, 2024

A Chapter 13 is a great way to help people get caught up on secured debt that they are behind on. We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items.

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Troutman Sanders

MAY 2, 2023

On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act. For more information, click here. For more information, click here.

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