Sawin & Shea
JANUARY 11, 2024
Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy. Bankruptcy filings for both individuals and businesses are on the rise.
Titan Consulting
AUGUST 23, 2020
In many cases, you may also lose certain secured assets like homes and cars in a liquidation to pay your creditors some of what you owe. In addition to the fees you will pay to courts and your attorney, you will also incur fees for court approved financial education courses you must successfully complete to have your debts discharged.
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Debt Free Colorado
MARCH 10, 2023
At the Law Office of Clark Daniel Dray (debtfreecolorado), you can be sure that a bankruptcy attorney will inform and educate you about the myths about bankruptcy in Littleton, CO. At the beginning of the bankruptcy process, a petition is filed by the debtor or, less frequently, by creditors. Definitely not.
Sawin & Shea
APRIL 10, 2024
Chapter 7 is also known as liquidation bankruptcy because it involves liquidating (selling off) non-exempt assets belonging to the debtor to repay creditors and lenders. The bankruptcy trustee will sell your non-exempt assets to pay a portion of your debts to creditors. They cannot take legal action against you or seize your assets.
Sawin & Shea
JUNE 21, 2023
The Chapter 13 repayment plan consolidates your existing debts into a three to five-year plan to pay back your creditors, and initiating the process offers immediate protections, including an automatic stay, and allows you to keep all of your possessions. Filing for Chapter 13 bankruptcy can help you improve your financial situation.
Sawin & Shea
JANUARY 25, 2022
If you miss payments and default on this type of debt, the creditor can seize the asset to liquidate it and apply those proceeds to the money you owe. In some cases, the assets or secured interest is something a creditor voluntarily agrees to in a lien; in other cases, the lien may be involuntary.
Credit Corp
AUGUST 23, 2021
Creditors like to see that you can handle a mix of revolving and installment loan accounts, and a good credit mix can actually help improve your score. If you’re getting denied because you don’t have a mortgage, call the creditor and ask what else you can do to show that you’re a serious and responsible borrower.
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