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Types of Property Subject to Seizure in Chapter 7 Bankruptcy

Sawin & Shea

Indiana features a homestead exemption that allows you to protect up to $22,750 in your home’s equity or in personal property that’s considered your residence, such as a trailer or mobile home. So if you own more equity in your home, the trustee could sell your property, and the profits above $22,750 would be used to pay off creditors.

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Will I Lose Everything If I File for Bankruptcy?

Sawin & Shea

A nonexempt asset is something that can be sold by a trustee to pay creditors. The Indiana Homestead Exemption allows borrowers to protect up to $19,300 of equity in their residential property or tangible personal property that serves as a residence, such as a mobile home. Contact an Indiana Chapter 7 or Chapter 13 Bankruptcy Lawyer.

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What Happens to Investment Real Estate in Bankruptcy?

Sawin & Shea

The process involves liquidating non-exempt assets property to pay creditors. The homestead exemption can protect different types of homesteads such as a traditional home, mobile home, trailer, or farm, but it does not protect equity in investment property. Contact an Indianapolis Bankruptcy Attorney.

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What Assets Do You Lose in Chapter 7?

Sawin & Shea

For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC. 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. They cannot take legal action against you or seize your assets.

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10 Common Questions About Bankruptcy

Debt Free Colorado

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. Contact the Law Office of Clark Daniel Dray (debtfreecolorado) if you are thinking about filing for bankruptcy to find a solution and receive thorough responses to all your inquiries that are pertinent to your case. What Can’t Bankruptcy Do?

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Room at the Top: How to Stay Top of Mind

NCBA Law Practice Management Blog

Most businesspeople, including most lawyers , already know that this is kind of a subliminal game; the challenge is putting yourself in a position to be recognized as an appropriate solution when a potential law firm client or referral source is seeking a legal service provider to use or recommend. Build a Bigger Social Media Profile.

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5 Best Credit Repair Companies – Updated April 2022

Better Credit Blog

Lawyer-backed credit repair. Lexington Law, a lawyer-backed credit repair company, has been a leader in the industry for nearly three decades. CreditRepair.com is a tech-forward company and provides tools like personal dashboards, score trackers, mobile apps, and text/email alerts. Best For: Decades of Experience. 99.95-$139.95/month.