Remove experience
article thumbnail

Chapter 13 and Gambling Debt

Sawin & Shea

This helps prevent repossession or foreclosure. A bankruptcy lawyer can help you with their experience of bankruptcy from gambling laws. Additionally, they may be able to help with: the stoppage of harassing phone calls from creditors, repossessions, foreclosures, and more.

article thumbnail

Automatic Stay Timeline

Sawin & Shea

It stops: Debt collection efforts Foreclosures Wage garnishments Civil lawsuits Utility shutoffs Most other creditor actions to collect pre-bankruptcy debts The stay helps facilitate the goals of bankruptcy by preventing creditor collection efforts and allowing time for orderly debt restructuring or liquidation. What is an Automatic Stay?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can You Reaffirm a Debt in Chapter 13?

Sawin & Shea

Here at Sawin & Shea, we have numerous years of experience practicing bankruptcy law and can answer your questions. 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. 13, the differences between Ch.

article thumbnail

The Automatic Stay and Bankruptcy

Sawin & Shea

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. An example of this is when the stay is lifted to allow a creditor to continue a foreclosure action against real property or to allow the repossession of a vehicle.

article thumbnail

The Automatic Stay and Bankruptcy

Sawin & Shea

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. An example of this is when the stay is lifted to allow a creditor to continue a foreclosure action against real property or to allow the repossession of a vehicle.

article thumbnail

SBA Loans: How to Maximize Recovery by Liquidating Personal Property

Jimerson Firm

if the collateral is likely to be acquired by SBA or the lender at the foreclosure sale, the expenses associated with the care, preservation and resale of the acquired collateral. Lien Foreclosure. See SOP 50 57. Step 1: Take Possession of the Collateral through Self-Help or Replevin. 679.609(2)(b), Fla. Brinkley , 282 So. 2d 617 (Fla.

article thumbnail

Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Bankruptcy is a challenging, life-altering experience. . Short foreclosure protection – When your home is faced with foreclosure, the automatic stay is not in effect indefinitely. The lender protects the borrower against foreclosure. Choosing Between Chapter 7 and 13. Are you considering bankruptcy?