Sawin & Shea

OCTOBER 26, 2022

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation.

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Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

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Sawin & Shea

MARCH 7, 2023

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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Sawin & Shea

MARCH 13, 2024

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. We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items.

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Debt Free Colorado

JUNE 18, 2024

This applies to unpaid debts such as: Unsecured debts: These are debts not tied to a specific asset, like credit card debt, medical bills, or personal loans. Foreclosure and repossession If you’re facing foreclosure or repossession of your car, the automatic stay can temporarily halt these actions.

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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. This is similar to the rule for W-2s from employers. Is a 1099-C Form Good or Bad for Your Credit?

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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. If a debt is unsecured, no collateral is put up as a guarantee to pay.

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