Sawin & Shea

AUGUST 23, 2023

With Chapter 13, your debt would be restructured and you would make a monthly payment to a bankruptcy trustee. Once the trustee receives these funds, they then pass them on to creditors to put toward your debt. Filing Chapter 13 is most beneficial for those who want to keep any non-exempt assets they may have.

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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. Indiana’s median income changes from year to year.

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Sawin & Shea

FEBRUARY 21, 2024

This is different from Chapter 7 bankruptcy which liquidates assets to pay back debts but does not involve a structured repayment plan. 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.

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Debt Free Colorado

DECEMBER 30, 2023

Chapter 7 Bankruptcy In Chapter 7, where non-exempt assets may be liquidated to pay creditors , IRAs are often protected up to a specific limit. Instead, they work out a plan to repay creditors over time. Federal law provides significant safeguards for these plans , ensuring they are not easily liquidated to satisfy creditors.

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Taurus Collect

FEBRUARY 24, 2023

Here are six tips to follow when working with a collections agency: Do Your Research When searching for a debt collection agency in Liverpool, it’s essential to do your research and ensure that you are dealing with a reputable agency that has years of experience in your industry.

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Collections Law

JULY 1, 2020

Instead, they will help you collect on the debt by filing a lawsuit against the debtor, seeking and obtaining attachments on the debtor’s assets, and even garnishing their wages post-judgment so that you can get paid for your judgment debt. Unlike Others, We Aggressively Seek Pre-Judgment Attachments to Secure Debt Recovery.

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Sawin & Shea

DECEMBER 7, 2022

If you make a luxury purchase of over $600 within 90 days of filing for bankruptcy, creditors will request for the bankruptcy court to not discharge the debt. With Chapter 7 bankruptcy , you reaffirm your secured debts while discharging unsecured debts.

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Debt Free Colorado

DECEMBER 9, 2021

Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Creditors are prohibited from contacting you after your petition is filed.

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Better Credit Blog

FEBRUARY 11, 2022

If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. These companies aim to reduce the amount of money you owe by negotiating a lower fee with creditors, which makes getting back into the black more affordable. Highly Recommend National Debt Relief-Great experience!

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