Sawin & Shea

SEPTEMBER 6, 2023

In other words, a Chapter 13 Plan can reorganize debts in ways that can help struggling homeowners get back on track with their mortgage payments, curing arrearages and making ongoing monthly payments. Unsecured debts like medical and credit card debt are forced to wait while you are given an opportunity to catch up.

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Foreclosure Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy 52

Sawin & Shea

OCTOBER 13, 2021

When you successfully strip a lien when filing for Chapter 13 bankruptcy, the lien undergoes the same treatment as other unsecured debts. Unsecured debts, such as debt accumulated from a credit card or medical bills, are discharged when you finish filing for Chapter 13.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 52

Sawin & Shea

OCTOBER 11, 2023

It is important to understand that in either form of bankruptcy (Chapter 7 or Chapter 13), there are types of debt that cannot be discharged even after filing for bankruptcy. In broad terms, bankruptcy law differentiates between consumer-related debt as well as secured vs. unsecured debt.

Bankruptcy 52

Bankruptcy Student loans Student Loans Chapter 7 bankruptcy 52

Sawin & Shea

NOVEMBER 17, 2021

In Chapter 7 bankruptcy, your utility bills are considered unsecured debts and will be treated like other debts in this category, such as credit cards, medical bills, and personal loans. Most types of unsecured debt get discharged when you file for Chapter 7. How Are Utility Bills Handled in Chapter 13 Bankruptcy?

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Sawin & Shea

NOVEMBER 17, 2021

In Chapter 7 bankruptcy, your utility bills are considered unsecured debts and will be treated like other debts in this category, such as credit cards, medical bills, and personal loans. Most types of unsecured debt get discharged when you file for Chapter 7. How Are Utility Bills Handled in Chapter 13 Bankruptcy?

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Credit Corp

APRIL 9, 2021

If so, the debt snowball method could be a simple way to pay down debt. Additionally, having zero unsecured debt is key if you’re wondering how to become financially independent. Is the debt snowball method financially optimal for paying off your creditors? Getting Started with the Program.

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Sawin & Shea

APRIL 17, 2024

We have years of experience assisting Indiana residents with the bankruptcy process, and we offer FREE consultations. The reason why creditors prefer you file Chapter 13 is because Chapter 7 bankruptcy discharges unsecured debts after the trustee liquidates nonexempt assets. What Is a Chapter 13 Bankruptcy Filing?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Sawin & Shea

AUGUST 23, 2023

If you’re looking for immediate debt relief and you’re hoping to immediately begin building back your good credit, Chapter 7 would be the best fit for you and your goals. However, you’ll probably find it isn’t nearly as overwhelming as the debt you’re sitting under. Where Do I Go From Here?

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Sawin & Shea

MARCH 7, 2023

With over 65 years of combined bankruptcy and consumer protection legal experience, we know what it takes to help our clients achieve financial freedom and successfully complete their Chapter 7 bankruptcies. Will All of My Debt Get Discharged? And a significant amount of time comes from mandatory waiting periods required by the law.

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Burr Forman

SEPTEMBER 30, 2020

Erin earned her master’s in business administration at the same time she completed her law degree, and because of her finance experience, she considers real estate law a natural fit for her practice.

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Sawin & Shea

JULY 12, 2023

To qualify for Chapter 7 , you’ll need to pass the income based “means test,” which evaluates whether you have enough disposable income to pay off some of your unsecured debts over five years. With over 75 years of combined experience, we’re ready to take on your case to help you become debt-free.

Bankruptcy 52

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Sawin & Shea

SEPTEMBER 29, 2021

We’ll walk you through some helpful information on filing for bankruptcy with credit card debt below, but if you’re ever unsure, working with an experienced bankruptcy attorney can help. They have years of experience helping those struggling with debt navigate the complicated legal process and get back on their feet.

Credit Card Debt 52

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Sawin & Shea

SEPTEMBER 29, 2021

We’ll walk you through some helpful information on filing for bankruptcy with credit card debt below, but if you’re ever unsure, working with an experienced bankruptcy attorney can help. They have years of experience helping those struggling with debt navigate the complicated legal process and get back on their feet.

Credit Card Debt 52

Credit Card Debt Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy 52

Sawin & Shea

AUGUST 9, 2023

When you file for bankruptcy whether Chapter 7 or 13, you are required to list all debt, both secured and unsecured. You aren’t allowed to pick and choose which debt you want the bankruptcy to apply to. An attorney who does not have experience in bankruptcy law may not have the knowledge to ensure you qualify for bankruptcy.

Bankruptcy 52

Bankruptcy Credit Card Debt Collateral Lawyers 52

Burr Forman

MARCH 15, 2021

These women were elected to fellowship for their outstanding legal ability, experience and high standards of professional and ethical conduct in the practice of real estate law. Admission is by invitation only after a rigorous screening process. ACREL is the premier organization of U.S. real estate lawyers.

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Lawyers Unsecured Debt Acquisition Debt Financing 40

Sawin & Shea

MAY 12, 2021

Generally speaking, you can use either Chapter 7 or Chapter 13 bankruptcy to accomplish the goal of erasing medical debt. Most medical debt is eligible for discharge in bankruptcy because it’s unsecured debt – debt that’s not secured by something tangible like a vehicle or house.

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Sawin & Shea

OCTOBER 4, 2023

Don’t take on any excessive unsecured debt. Our team has a combined 75 years of experience, and we can help you get the fresh start you deserve. Make sure the card that you apply for reports to credit reporting agencies. Once you open it, make your payments on time every month.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

DECEMBER 7, 2022

With Chapter 7 bankruptcy , you reaffirm your secured debts while discharging unsecured debts. Secured debts refer to debts with collateral, such as a home or car. We have years of experience helping Indiana residents become debt free.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Creditors 98

Sawin & Shea

SEPTEMBER 20, 2023

There is a special unlimited exemption available for married couples holding real estate as tenants by the entirety as long as there is no joint unsecured debt. With over 75 years of bankruptcy service experience, we can help you and your family get the fresh start you deserve.

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Sawin & Shea

JANUARY 11, 2024

Good teachers transform the requirement into a truly valuable learning experience. Qualified Instructors: Seek out courses that are led by certified credit counselors and financial educators, as this will translate to a more tailored and insightful course. Reasonable Fees: Legitimate providers offer courses for less than $100 in most cases.

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Better Credit Blog

FEBRUARY 11, 2022

One of the most reputable is National Debt Relief, which has helped 100,000 families and individuals pay off their arrears in full. It’s resolved more than $1 billion in unsecured debt since it first launched in 2009. Decide whether the company’s services are right for you with this review of National Debt Relief.

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Debt Free Colorado

DECEMBER 30, 2023

Here are some factors to consider: Assessing Debt Types: Evaluate the nature of your debts—unsecured debts like credit cards may make bankruptcy a viable option, while secured debts tied to collateral may not be adequately addressed through retirement savings. Call us and get a free consultation!

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Sawin & Shea

MARCH 13, 2024

In this blog, you’ll learn about whether you can reaffirm your debt in Ch. Have additional questions regarding bankruptcy or reaffirming secured debts? Here at Sawin & Shea, we have numerous years of experience practicing bankruptcy law and can answer your questions. 13, the differences between Ch.

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Sawin & Shea

JUNE 7, 2023

Cosigner Responsibilities: Bankruptcy and Debt Collection If a primary borrower declares bankruptcy, the co-signer associated with the debt may be responsible to pay back creditors, but this will depend on the type of bankruptcy that the primary debtor filed.

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Better Credit Blog

JANUARY 20, 2022

TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. This is where a debt relief program can help, typically with unsecured debt, meaning debt not associated with a tangible asset like a house or car. Who Is Freedom Debt Relief Best For?

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Sawin & Shea

MARCH 27, 2024

After completing your required courses and undergoing the liquidation process, you’ll be able to discharge certain debts. The bankruptcy discharge will eliminate your unsecured debts , including unpaid medical bills and credit card debt. Will My Bankruptcy Filing Impact My Current Employment?

Chapter 7 bankruptcy 52

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Sawin & Shea

FEBRUARY 23, 2022

At the end of your scheduled payments, the remaining balances on unsecured debts such as credit cards, deficiency claims, eviction balances, and medical bells will be discharged. Our lawyers have years of experience assisting Indiana residents through the bankruptcy process.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Sawin & Shea

APRIL 10, 2024

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets.

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Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52

BN Lawyers

MARCH 23, 2020

For an unsecured creditor to obtain a recovery, it would need to engage in a months-long legal process to obtain a judgment that could be halted at any point by a chapter 11 bankruptcy reorganization. Lines of credit and credit cards with available balances are exceptions. Attorneys at Barron & Newburger, P.C.

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Bankruptcy Creditors Lender Lawyers 67

Troutman Sanders

MAY 2, 2023

On April 26, the CFPB, noting a rise in credit card delinquencies, released a new blog post analyzing civil judgments, the final recourse for creditors to collect on unsecured debt. According to the AG, “children’s childhood experience should not be for sale,” and “it’s time to elevate and protect children’s privacy and safety.”

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Credit Corp

JUNE 1, 2021

Pay down debt. For most people, the way to do this is to get rid of unsecured debt that they carry month to month. But many Millennials are finding they need to take different jobs than they thought they would or experience a delay in starting work. Per above, minimizing utilization will generally improve credit scores.

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