Sawin & Shea

APRIL 24, 2024

Which creditors can they pay? Which ones will not get the payment they’re owed? This typically occurs because the debtor doesn’t have the money to pay all of their creditors, so they feel they need to rank which ones are more important to pay first. Under ordinary business terms, that’s sensible.

Bankruptcy 52

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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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Creditors Chapter 7 bankruptcy Unsecured Creditor Debt collector 52

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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Chapter 13 bankruptcy Bankruptcy Unsecured Creditor Lawyers 94

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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Repossession Chapter 13 bankruptcy Bankruptcy Creditors 52

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.

Chapter 7 bankruptcy 98

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Creditors 98

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.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52

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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