Sawin & Shea

APRIL 17, 2024

Common types of dischargeable debt include: Credit card debt Medical debt Judgements Utility bills Back rent Personal loans Repossession balances While Chapter 13 helps you repay certain debts and discharge remaining balances, not all forms of debt are dischargeable.

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Credit Corp

JULY 26, 2021

Joint mortgages pass directly to co-borrowers, who become responsible for the loan. the decedent—pass to listed beneficiaries, who then become responsible for the loan. If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. Car Loan Debt. Student Loan Debt.

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Sawin & Shea

OCTOBER 11, 2023

Dischargeable debt would include things like: Medical bills Credit card bills Utility bills Back rent Personal loans Repossession balances At the end of the bankruptcy process, the remaining balances for these types of unsecured debts will likely be forgiven.

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Collection Industry News

FEBRUARY 6, 2024

Unlike many Americans with crushing student loan debt, the 44-year-old father of three from Knoxville, Tennessee, thought his debt had been canceled. But when the pandemic-era hold on loan payments lifted, the hefty deduction popped up again on his balance. 28, the borrowers’ student loan accounts were supposed to be wiped clean.

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Credit Corp

MARCH 1, 2023

Start by contacting your lender, tax authority, and even your lawyer if necessary. It’s not unheard of for local and state tax authorities, and even loan servicing companies, to make clerical errors that result in unpaid property taxes. Change in loan servicing company. First, don’t panic, but do take immediate action.

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Sawin & Shea

APRIL 12, 2023

However, there are other ways to pay back family and friends that the courts allow and won’t negatively impact the family member or friend who has loaned you money. Unsecured debt includes things like credit card debt, medical debt, and personal loans. What Happens When a Loan Repayment is Deemed Preferential?

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Sawin & Shea

AUGUST 24, 2020

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. A Chapter 13 can help people get caught up on a mortgage or car loans. How Does Debt Negotiation Work?

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Sawin & Shea

APRIL 10, 2024

To fully gauge what you may lose, it’s best to get in touch with a bankruptcy attorney who can give advice and guidance as you undergo your bankruptcy filing to discuss your personal assets. For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC. The post What Assets Do You Lose in Chapter 7?

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Sawin & Shea

AUGUST 2, 2023

Unsecured debt includes things like credit card debt, medical debt, and personal loans. The above descriptions provide a very broad overview of these two types of bankruptcy filings, but debtors should discuss these options at length with a lawyer who has experience in bankruptcy.) When Should I Contact an Attorney?

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Debt Free Colorado

OCTOBER 12, 2023

The complicated procedure of filling out bankruptcy documents needs the assistance of Colorado bankruptcy lawyers , like the Law Office of Clark Daniel Dray. watercraft, aircraft, personal property (including furniture, electronics, clothing, etc.), Two of the most typical collateralized loans are mortgages and auto loans.

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Credit Corp

MAY 3, 2023

It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Priority and secured debts, such as taxes or auto loans, are paid in full. Definitely talk to your bankruptcy lawyer about which property you want to keep and whether it’s possible.

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Credits Inc

OCTOBER 26, 2019

Creditors give loans to millions of citizens, and thus credit companies are too busy to follow up on the debtors. Therefore, the agencies act as middlemen collecting any delinquent loans. Many people who want to start a business lack enough capital, and thus they opt to get a loan from creditors. government collection agency.

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Credit Corp

JANUARY 5, 2021

For example, if you borrowed $12,000 for a personal loan and only paid back $6,000, you still received the original $12,000. Not paying back the other half of the loan means you got the benefit of that money without paying for it. The IRS considers that to be income in many cases.

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Sawin & Shea

MARCH 14, 2023

Contact an Indianapolis Bankruptcy Lawyer Facing bankruptcy is a daunting prospect, and the process can be incredibly confusing. If you’re considering filing for bankruptcy in Indianapolis or surrounding counties, contact the lawyers at Sawin & Shea, LLC.

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Debt Free Colorado

JANUARY 27, 2022

Another aspect is the increased accessibility of credit loans, which makes it simpler for Americans to end up spending more than they can afford. I’m sure other factors contribute to our nation’s high rate of personal bankruptcy, but I think these two are at the forefront. Chapter 7 Exempts How Much Cash? Don’t delay.

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Credit Corp

JULY 10, 2023

If you fell behind on rent and tried to right the situation with a personal loan that you also fell behind on, for example, that could hurt your credit. But keep in mind that we’re not legal experts—if you find yourself in this situation, we recommend consulting with a lawyer. What Happens If You Get Evicted?

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Debt Free Colorado

DECEMBER 9, 2021

Unlike Chapter 7, Chapter 13 bankruptcy enables you to decrease the interest rate on your vehicle loan and, in certain situations, the total amount owed. Chapter 7 will not assist you if your primary source of debt is a mortgage, auto loan, or other kinds of debt. personal loans, personal loans, delinquent income tax obligations, .

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Better Credit Blog

APRIL 5, 2022

Often, a collection entry will even keep you from getting a mortgage or securing an auto loan, which is why it’s important to do all you can to remove collections from your credit report quickly. considering you are getting your own lawyer to fight on your behalf. It costs some money but is less expensive than you might think.

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Collection Industry News

SEPTEMBER 23, 2020

The increase in lawsuits filed against consumers for unpaid medical debt, credit card bills, automobile loans and other collection issues comes as no surprise to attorneys and others working in the industry. Some think the creditor’s lawyer will steamroll over them and they do not have any real way to fight back.

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FFGN COLLECT NY

JANUARY 31, 2024

The role of the Attorney General (AG), head of the Department of Law, is “both the People’s Lawyer and the state’s chief legal officer…serves as the guardian of the legal rights of the people of New York, its organizations, and its natural resources.” Together, they purchased defaulted consumer debt for pennies on the dollar.

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