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Questions to Ask a Chapter 7 Bankruptcy Lawyer Before Filing for Bankruptcy

Sawin & Shea

If you’re struggling with debt and considering bankruptcy, speaking with a bankruptcy lawyer can help you determine your best options and give you some clarity on how the process works. At Sawin & Shea, LLC, our Chapter 7 Bankruptcy lawyers have helped clients just like you in the Indianapolis and surrounding areas.

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What is an Emergency Bankruptcy Filing?

Sawin & Shea

If you’re in an emergency situation such as wage garnishment, eviction, or pending repossession filing an emergency bankruptcy may be right for you. Contact a Bankruptcy Lawyer. Those filing an emergency bankruptcy receive an automatic stay even before completing certain documents. Filing for Emergency Bankruptcy.

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Bankruptcy and Tax Refund Strategies

Sawin & Shea

Talk to Your Lawyer About Your Expenditures. Garnishments, Credits, and Exemptions Impact Your Strategy. Perhaps you can’t wait to file for bankruptcy because you have a repossession pending or a garnishment that’s about to hit your paycheck. Again, make sure you tell your bankruptcy attorney about these critical factors.

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

If you fail to repay an unsecured personal loan, the lender cannot repossess your assets. Repossession deficiency claims. Unlike unsecured personal loans, secured loans involve some form of collateral that the lender can repossess if the borrower fails to make payments. Unsecured loans are loans that don’t have collateral.

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How Can You File for Bankruptcy With No Money?

Sawin & Shea

While you can technically file bankruptcy for free without a lawyer, it’s important to retain one if possible. With this automatic stay, your creditors won’t be able to garnish your wages, meaning that you can use your earnings to pay your installment plan. Fortunately, filing for bankruptcy places an automatic stay on your assets.

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Will I Lose My Retirement If I File for Bankruptcy?

Sawin & Shea

Chapter 7 bankruptcy also stops lawsuits and garnishments. Chapter 13 bankruptcy , or reorganization bankruptcy, stops repossessions and foreclosures to save your home or investment. It also stops lawsuits and garnishments. This amount changes every three years, so ask your lawyer for bankruptcy about the current limit.

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Chapter 13 Bankruptcy Dismissed. Can I Refile?

Sawin & Shea

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. Contact our seasoned lawyers today at 317-759-1483, or you can schedule a FREE consultation online here.