Troutman Sanders

NOVEMBER 8, 2023

Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt. The plaintiff’s lawyer sent two faxes to the defendant providing notice that the plaintiff was represented by counsel.

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Sawin & Shea

MARCH 23, 2021

Are you behind on car payments? It halts collection efforts and gives you the opportunity to reorganize your debts, including vehicle payments, preventing the loan company from taking your car. In this situation, there’s not much you or your lawyer can do about it until the bankruptcy court grinds along in their process.

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Sawin & Shea

MARCH 20, 2024

If you’re worried about garnishments, foreclosures , lawsuits, repossessions , or other consequences of your debt, connect with an experienced bankruptcy lawyer at Sawin & Shea as soon as possible. However, contact a bankruptcy lawyer if you have a complicated financial picture that may require significant financial reorganization.

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Sawin & Shea

FEBRUARY 23, 2022

If you are in the Chapter 13 Bankruptcy process, you have a three-to-five-year reorganization payment plan. This plan will allow for one monthly payment to wrap up most types of debt and will provide you with automatic court protection from your creditors. What happens if you miss a payment in Chapter 13?

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Sawin & Shea

SEPTEMBER 21, 2022

One common question that filers have regarding the Chapter 13 process involves income increases and whether they affect payment plans. If you have further questions regarding filing for Chapter 13 bankruptcy, your best course of action may be to enlist the assistance of Chapter 13 bankruptcy lawyers.

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Debt Free Colorado

APRIL 30, 2024

High-interest rates, unexpected expenses, and even medical bills can quickly turn manageable payments into a suffocating burden. Strategies to rebuild credit include secured credit cards, responsible credit card use, on-time payments on all debts, and credit report monitoring. Is My Credit Card Debt Dischargeable in Bankruptcy?

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Sawin & Shea

MARCH 13, 2024

It basically serves as a legally binding promise that the person filing for bankruptcy will resume making payments in full and on time to the creditor. All of the original terms of the loan are back in force, including the creditor’s right to repossess the collateral if you get behind on payments in the future.

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Sawin & Shea

APRIL 17, 2024

The court will then order a bankruptcy stay — also called an automatic stay — that prohibits creditors and lenders from collecting what you owe. This plan states that you’re committed to paying back something to creditors in monthly installments, and you detail the minimum amount you’ll pay as well as the duration of the plan.

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Sawin & Shea

FEBRUARY 7, 2024

While you can technically file bankruptcy for free without a lawyer, it’s important to retain one if possible. You’ll submit this form along with your bankruptcy petition and your payment plan’s first installment. This first payment is usually around $80, and you’ll make three subsequent payments to cover the $338 in fees.

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Collections Law

FEBRUARY 14, 2024

This is obviously a sensitive topic and can be a complex issue for a creditor. However, there are some important things to know: Under Massachusetts law, a creditor has one year from the date of the debtor’s death to make a claim on a debtor’s estate for the amount owed to them. The executor will also facilitate the payment of debts.

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Sawin & Shea

AUGUST 9, 2023

Creditors cannot reclaim any of your property if you default on a loan. Asking yourself some questions may help bring clarity: How far behind am I on payments? Do I Need a Lawyer to File for Bankruptcy? Are There Lawyers Who Can Help with Bankruptcy? A bankruptcy lawyer is who you want for the best outcome.

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Bankruptcy Credit Card Debt Collateral Lawyers 52

UK debt collections

SEPTEMBER 2, 2021

Debt collection in France: breaking down the different procedures and judicial measures made available to creditors in France. Step 1: Your lawyer will send a formal demand letter to your debtor (‘la mise en demeure’). Step 2: Your lawyer will pursue an amicable, but emotionally detached, settlement between debtor and creditor .

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NCBA Law Practice Management Blog

OCTOBER 15, 2023

Most lawyers who are billing hourly (which are still most lawyers) – and, even those who aren’t – continue to slavishly send out invoices at the beginning of every month, covering the fees accrued by clients for the prior month. That’s all well and good ; but, those fees can add up quickly. Want to talk about resetting your pricing ?

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Sawin & Shea

MARCH 15, 2022

The process involves liquidating non-exempt assets property to pay creditors. You can surrender the property to creditors and discharge the debt associated with the investment property. Essentially, you can give the property back and walk away not owing anything additional to the creditor. Investment Property Arrearages.

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NCBA Law Practice Management Blog

NOVEMBER 19, 2019

Consumers want, and you can offer them, electronic payment processing, via credit or debit card. Some lawyers avoid electronic payment processing because of perceived ethics issues. But, perhaps the biggest reason for adopting electronic payment processing is that modern clients want it. We can help.

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Taurus Collect

FEBRUARY 1, 2024

They are responsible for pursuing the repayment of debts on behalf of creditors. Understanding the Debt Collection Process The debt collection process typically initiates once a creditor concludes an account is non-performing, meaning the debtor has missed payments for several months.

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Sawin & Shea

DECEMBER 28, 2023

Filing for Chapter 13 bankruptcy can provide much-needed relief if you are overwhelmed with debt and struggling to keep up with payments. Under Chapter 13, the filer works with their attorney to come up with a court-approved repayment plan showing how they will pay something back to creditors over time.

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Sawin & Shea

NOVEMBER 15, 2022

Firstly, if your employer is also one of your creditors, they will receive a notification when you file. When filing for Chapter 7 or Chapter 13 bankruptcy, you are required to disclose all of your creditors, and your creditors will receive the official Notice of Bankruptcy Filing from the bankruptcy court clerk.

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Sawin & Shea

FEBRUARY 16, 2022

An emergency bankruptcy is a bankruptcy filing method that expedites the filing process to stop creditors and bill collectors from seeking debts from borrowers. An automatic stay is an injunction prohibiting creditors from collecting debts. Additionally, businesses can file an emergency bankruptcy under Chapter 11, but this is rare.

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Collections Law

SEPTEMBER 24, 2020

One day after an account is due payment, have someone on your team reach out to the debtor via phone or email as a reminder of the outstanding invoice. What About Out-of-State Creditors? Always Keep Track of Open Accounts. The United States Constitution requires states to honor judgments of other states as decided by their courts.

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Nexa Collect

AUGUST 8, 2020

When a debt passes from the original creditor to a collection agency, this escalation often makes debtors pay attention. There’s an implied threat when an agency gets involved that doesn’t exist with the original creditor. People that are having financial difficulties, or are just irresponsible will often string their creditor along.

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Nexa Collect

JULY 28, 2020

When a debt passes from the original creditor to a collection agency, this escalation often makes debtors pay attention. There’s an implied threat when an agency gets involved that doesn’t exist with the original creditor. People that are having financial difficulties, or are just irresponsible will often string their creditor along.

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Sawin & Shea

FEBRUARY 21, 2024

A major benefit of Chapter 13 bankruptcy is that it allows the filer to catch up on missed mortgage, car loan, and other secured debt payments by incorporating them into the repayment plan. With no disposable income, you may still qualify for Chapter 13 bankruptcy with low or no plan payments. How Can a Bankruptcy Lawyer Help?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Repossession 52

Credit Corp

APRIL 26, 2024

Cancellation of debt happens when a creditor discharges or forgives a debt you haven’t paid off. The IRS notes that cancellation can occur when the creditor gives up on collecting because it’s exhausted its resources and is unable to collect. In some cases, cancellation can come about as an agreement between you and the creditor.

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Sawin & Shea

MARCH 16, 2021

The new rule also loosens the restrictions on how often creditors can contact you. Will Creditors Really Contact Me On Social Media? It’s well known that debt collectors, lawyers, the IRS, and the Social Security Administration look people up on social media during investigations. Unlimited emails. Unlimited text messages.

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Sawin & Shea

APRIL 10, 2024

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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Collections Law

SEPTEMBER 24, 2020

Always Keep Track of Open Accounts One day after an account is due payment, have someone on your team reach out to the debtor via phone or email as a reminder of the outstanding invoice. What About Out-of-State Creditors? The United States Constitution requires states to honor judgments of other states as decided by their courts.

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Sawin & Shea

SEPTEMBER 6, 2023

Unlike Chapter 7 bankruptcy, Chapter 13 does not require the filer to liquidate all their assets (including their home) to pay off creditors. In other words, a Chapter 13 Plan can reorganize debts in ways that can help struggling homeowners get back on track with their mortgage payments, curing arrearages and making ongoing monthly payments.

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Sawin & Shea

APRIL 12, 2023

Chapter 13 takes into account your financial situation before filing for bankruptcy, too, but mainly focuses on developing a payment plan to address secured debt (which includes things like your house or car). Meaning, you have prioritized payments to family and friends over all other creditors, which is not allowed.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Credit Corp

MAY 3, 2023

It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Through the bankruptcy, the debtor restructures and then creates and implements a plan to pay back creditors. The Trustee is also typically tasked with making payments under the plan, so the individual pays the Trustee.

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NCBA Law Practice Management Blog

JUNE 11, 2023

A lot of lawyers eventually become commercial real estate owners. For one, especially if you can buy a property with existing tenants, and assuming you can scrape up a down payment, your mortgage will likely be covered substantially, or in full – as will, perhaps your maintenance and property tax (if applicable) costs.

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Sawin & Shea

APRIL 6, 2021

Many people who file for bankruptcy are employed but are still struggling to manage their monthly payments. If you’re already a homeowner when you file for bankruptcy, talk to your bankruptcy lawyer about using a homestead exemption to keep your house. High-Pressure Tactics from Creditors. Medical debt is a top reason.

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Debt Free Colorado

OCTOBER 12, 2023

The complicated procedure of filling out bankruptcy documents needs the assistance of Colorado bankruptcy lawyers , like the Law Office of Clark Daniel Dray. List any other amounts outstanding, such as credit card balances, medical expenses, personal loans, and utility payments.

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FFGN COLLECT NY

DECEMBER 11, 2023

The Fair Debt Collection Practices Act will ensure you can collect client debt payments without violating the rights of the other party. Empathic Communication A business or client hired you as a debt collection attorney to help them collect the debts owed by a creditor. Do not use aggressive language or threaten the debtor.

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Collections Debtor Fair Debt Collection Lawyers 52

Credit Corp

MAY 30, 2023

That means judgment creditors can seek debt payment from more than your wages and bank accounts. Creditors must follow the law when applying a judgment to take, or seize, your property. Your creditor can take or leverage these possessions in the following ways: Wage attachments. This is known as wage garnishment.

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Sawin & Shea

FEBRUARY 9, 2022

Fortunately, the seven years includes the time in which you pay your chapter 13 repayment plan, so if you’re on a five-year payment plan, your bankruptcy will only remain on your credit report for an additional two years after you complete your plan. With regular, on-time payments, your score will improve.

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BN Lawyers

MARCH 23, 2020

Work with Creditors. Most creditors (lenders, suppliers, employees) will be aware of the distress facing the entire service industry. Many creditors will be willing to work with businesses. Creditors face their own pressures. To the extent possible, payments to creditors should be delayed while negotiations are ongoing.

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