Sawin & Shea

JULY 19, 2023

Chapter 7 bankruptcy also stops lawsuits and wage garnishments. Chapter 13 , or reorganization bankruptcy, stops repossessions and foreclosures so you can save your home or investment. Like Chapter 7, it stops lawsuits and garnishments. Maintaining a consistent payment history after bankruptcy can help rebuild your credit.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Garnishment 52

Sawin & Shea

JANUARY 24, 2024

Your assets are protected while you make monthly payments to creditors through the court. The Pros Bankruptcy can stop foreclosures , repossessions, lawsuits, wage garnishment, utility shut-offs, and debt collection activities through its automatic stay provision. It simplifies finances with just one payment versus many debts.

Debt Consolidation 52

Debt Consolidation Bankruptcy Chapter 13 bankruptcy Collateral 52

Sawin & Shea

FEBRUARY 16, 2022

If you’re in an emergency situation such as wage garnishment, eviction, or pending repossession filing an emergency bankruptcy may be right for you. Those filing an emergency bankruptcy receive an automatic stay even before completing certain documents. An automatic stay is an injunction prohibiting creditors from collecting debts.

Bankruptcy 98

Bankruptcy Chapter 13 bankruptcy Repossession Debt collector 98

Troutman Sanders

JANUARY 19, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Department of Education to continue excusing borrowers from making payments on their student loans in light of the COVID-19 pandemic.

Financial services 52

Financial services Garnishment Foreclosure Government 52

Debt Free Colorado

DECEMBER 9, 2021

Your budget determines your monthly payment. Short foreclosure protection – When your home is faced with foreclosure, the automatic stay is not in effect indefinitely. Complete protection from creditors – This includes wage garnishment and debt collection. The lender protects the borrower against foreclosure.

Chapter 13 bankruptcy 75

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Troutman Sanders

MARCH 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. As of March 17, approximately 90 million Economic Impact Payments had been disbursed, which is more than $242 billion. On March 18, the U.S.

Financial services 52

Financial services Garnishment Student loans Student Loans 52

Debt Free Colorado

APRIL 9, 2020

So far the offers have been vague, the most likely concessions will be for your lenders on your home and cars to allow you to move a monthly payment to the end of the loan and for credit cards to temporarily reduce your interest rate. Car Payments. Car payments should be another high priority item. Triage your finances.

Student loans 82

Student loans Student Loans Chapter 13 bankruptcy Chapter 7 bankruptcy 82

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. Choosing the right solution is a big step that could affect your life for years to come. You deserve a fresh start.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Lawyers 52

Sawin & Shea

JANUARY 11, 2024

Some of the things your attorney can do on your behalf include: Ensure correct filing Protect your assets Deal with creditors Develop optimal payment plans The bottom line is that working with a knowledgeable attorney will help minimize your stress while giving your case the best chance at providing meaningful financial relief.

Education 52

Education Debtor Bankruptcy Chapter 13 bankruptcy 52

Sawin & Shea

JUNE 7, 2023

The cosigner responsibilities include taking on the responsibility of the debt if the primary borrower is unable to make payments. If the borrower misses any loan or credit card payments, the co-signer is legally obligated to make the payments on the primary borrower’s behalf.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Personal loans 52

Troutman Sanders

AUGUST 9, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On August 5, the Department of Education announced that it is extending the moratorium on federal student loan payments through January 31, 2022.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Sawin & Shea

NOVEMBER 15, 2023

They may use collection agencies , or they may sue you (asking the court to garnish wages, take an asset, or put a lien on your home). The debtor must maintain regular payments on the secured loan in order to keep the collateral. A Chapter 13 plan can cure arrearages on houses or cars, stopping foreclosures and repossessions.

Unsecured Debt 52

Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

Collection Industry News

FEBRUARY 15, 2021

In the area of debt collection, the CFPB observed, among other things, that some entities reported increases in consumer contacts and payments, which may have been attributable to more consumers being at home, reduced spending, and pandemic-related assistance. insufficient loss mitigation processes.

Garnishment 40

Garnishment Student loans Student Loans Loans 40

Sawin & Shea

MAY 26, 2021

Will filing alone safeguard these things and prevent your spouse from being hounded for payments? In Indiana, if your spouse’s name is on the debt, they can still be pursued for payments after the debt is discharged in your name.

Bankruptcy 97

Bankruptcy Chapter 13 bankruptcy Creditors Repossession 97

Troutman Sanders

JULY 26, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Any attempt to garnish or otherwise seize these funds to collect or attempt to collect a debt violates the AG’s Debt Collection Regulations.”

Financial services 52

Financial services Student loans Student Loans Garnishment 52

Credit Corp

MAY 3, 2023

Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. You may also be able to keep your home, a car, and other items, even if you owe money on them, if you can continue to make timely payments on those debts. The individual submits a repayment plan to the court.

Chapter 13 bankruptcy 97

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 97

Troutman Sanders

JULY 27, 2023

Examiners found that some servicers engaged in unfair acts or practices by suspending recurring automated clearing house (ACH) payments prior to consumers’ final payment without notifying the consumers that the final payment must be made manually, resulting in missed payments and late fees.

Collections 52

Collections Lender Repossession Debt collector 52

Collection Industry News

OCTOBER 6, 2020

It primarily had the CARES Act to thank: The bill delivered hundreds of billions of dollars worth of stimulus checks and bulked-up unemployment benefits to Americans, while easing pressures on them by halting foreclosures, evictions and student loan payments. The company said it had stopped seeking orders to garnish bank accounts.

Debt collector 40

Debt collector Garnishment Banks Foreclosure 40

Sawin & Shea

AUGUST 24, 2020

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. Debt negotiation means your creditor has agreed to accept less than the full amount of your debt as payment– it also means debt collectors can’t harass you for your payments.

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Sawin & Shea

APRIL 26, 2023

If the creditor has your date of birth and social security number, they may be able to garnish your bank account and apply that money toward your debt balance. Chapter 13 Chapter 13 bankruptcy offers you protection from creditors and helps stop foreclosures and other creditor collection efforts. Do You Have a Judgment Lien Against You?

Judgment 52

Judgment Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy 52

Debt Free Colorado

MARCH 3, 2023

A case may be changed from a Chapter 13 filing to a Chapter 7 liquidation if the debtor doesn’t make payments on time. Chapter 13’s main advantage is that it stops creditors from bothering you and allows you to keep property subject to a security interest, provided you continue to make payments in the repayment plan.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Troutman Sanders

JUNE 15, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link].

Financial services 52

Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

OCTOBER 26, 2020

On Friday, October 23, Ohio Senate President, Larry Obhof, and Governor Mike DeWine announced the creation of the “Home Relief” program to assist Ohioans facing evictions, foreclosures, and water service shut-offs during the current COVID-19 pandemic. For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Foreclosure Banks 52

Collection Industry News

SEPTEMBER 23, 2020

It can garnish wages and bank accounts, • It can force the sheriff to seize your home, real estate, and personal property. Negotiating a payment plan. Consumers who agree that the amount of the debt is accurate and want to avoid further collection action are often able to make payment arrangements with the creditor or debt collector.

Collections 40

Collections Debt collector Chapter 13 bankruptcy Chapter 7 bankruptcy 40

Troutman Sanders

FEBRUARY 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. attorney’s office to stop judicial foreclosures and evictions on accounts previously referred to the DOJ. For more information, click here.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Jimerson Firm

JANUARY 16, 2023

The plaintiffs alleged that the defendant sent statements misstating the balance of the loan, falsely represented the amount of the debt in connection with the collection activity, falsely represented that the plaintiffs owed foreclosure fees on the debt, and sent a number of letters alleging overdue payments.

Garnishment 52

Garnishment Foreclosure Banks Consumer Collections 52

Troutman Sanders

AUGUST 31, 2020

The CFPB reminds consumers that “principal and interest payments on federally-held student loans are automatically suspended through December 31, 2020.” The REO eviction moratorium applies to Enterprise-acquired properties through foreclosure or deed-in-lieu of foreclosure transactions.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

APRIL 5, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On April 1, the CFPB issued a warning to mortgage servicers to take necessary steps to prevent a wave of foreclosures this fall.

Financial services 52

Financial services Financial Institution Foreclosure Garnishment 52

Sawin & Shea

JUNE 21, 2023

Removal of your automatic stay protection : You’ll no longer have protection from your creditors, potentially leaving you vulnerable to wage garnishment, debt collection lawsuits, repossessions, and foreclosures.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debtor 52

Collections Law

APRIL 1, 2020

Though it is their legal right, they can manipulate them to delay the debt payment process. Failure to comply with the order can cause the employer to make the complete payment themselves. Asset seizure and mortgage foreclosures : Once the execution is issued, the Law Offices of Alan M.

Judgment 52

Judgment Collections Debtor Foreclosure 52

Troutman Sanders

JULY 7, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On June 30, Maine Governor Janet Mills declined to veto a new law that expands consumer protections against garnishments.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

FDCPA Defense

FEBRUARY 3, 2019

Must a communication ( e.g., a letter, pleading, or phone call) make an express demand for payment of money on a debtor in order to constitute “debt collection” under the FDCPA? to pay money,” non-judicial foreclosure is not covered under FDCPA) (citations omitted), pet. These cases arose in the context of non-judicial foreclosures.

Foreclosure 40

Foreclosure Debt collector Law Firms Debtor 40

Sawin & Shea

OCTOBER 20, 2021

This shorter period is likely because most individuals who file Chapter 13 will still have to pay some debts back through a payment plan rather than having it entirely discharged. This is often because debts do not always get fully discharged in Chapter 13 cases but instead become subject to a payment plan.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Unsecured Debt 52

Sawin & Shea

OCTOBER 20, 2021

This shorter period is likely because most individuals who file Chapter 13 will still have to pay some debts back through a payment plan rather than having it entirely discharged. This is often because debts do not always get fully discharged in Chapter 13 cases but instead become subject to a payment plan.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Unsecured Debt 52

Troutman Sanders

NOVEMBER 7, 2023

The recent discussions focused on four areas: cryptoassets, payment system modernization, distributed ledger technology, and artificial intelligence (AI). The AG’s office alleged that the company used “deceptive methods” to solicit homeowners facing foreclosure and failed to provide the services they promised.

Financial services 52

Financial services Debt collector Loans Foreclosure 52

PBWT

JANUARY 19, 2021

One hundred days is a long time to wait for a creditor to return your car, especially when you need that car to get to work so you can earn an income and make your bankruptcy plan payments. i] In re Denby-Peterson , 941 F.3d 3d 115, 126 (3d Cir. ii] In re Fulton , 926 F.3d 3d 916, 924 (7th Cir.

Bankruptcy 65

Bankruptcy Debtor Creditors Repossession 65

Troutman Sanders

MARCH 29, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Moreover, hospitals must offer payment plans to patients who do not exceed 5% of their income. For more information, click here.

Financial services 52

Financial services Fair Debt Collection Lender Foreclosure 52