Sawin & Shea

JANUARY 24, 2024

The court sells off your nonexempt assets and uses the proceeds to pay your creditors. The remaining qualifying debts are discharged, meaning you are no longer responsible for paying them back. Your assets are protected while you make monthly payments to creditors through the court. I have seen it many times in my practice.

Debt Consolidation 52

Debt Consolidation Bankruptcy Chapter 13 bankruptcy Collateral 52

Credit Corp

JULY 26, 2021

What debts are forgiven at death, for instance? Can your family members’ creditors come after you now? Technically, personal debts aren’t forgiven at death. If no one is able to pay off the loan, the lender may repossess it. Credit Card Debt . Notify Creditors and Credit Bureaus.

Student loans 98

Student loans Student Loans Credit Card Debt Loans 98

Sawin & Shea

APRIL 17, 2024

While different from Chapter 11, Chapter 13 is similar in the sense that it involves reorganizing and consolidating debts. This filing method is referred to as “the wage earner’s plan” because filers repay some of their debt balances with their regular income. Do Creditors Prefer Chapter 13 Bankruptcy?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52