Richard Shea
If you find yourself in an untenable financial situation, bankruptcy may be your best option. But that doesn’t mean the process isn’t stressful and overwhelming. There are many considerations. One of the things you may be most concerned about is whether it will affect your current job or future credit. Chapter 7 bankruptcy, or liquidation … Read More
Declaring bankruptcy can appear incredibly intimidating. Sadly, many people choose not to file due to shame and embarrassment. The truth is that there’s nothing wrong with declaring bankruptcy, and it’s often the best option for those struggling with overwhelming debt. If you decide to declare personal bankruptcy, you’ll more than likely need to file through … Read More
When debt overshadows savings that’s scary enough. But for some, it’s even more frightening because they are also trying to make payments against astronomical bills, often medical or job loss related that continue to stack up with no signs of stopping. Declaring Chapter 7 bankruptcy may be the best solution in cases like this. People … Read More
People file for bankruptcy for any number of reasons, from sky-high medical expenses to loss of income and the inability to make their mortgage payments each month. In some cases, people have spent beyond their means, and now it’s time to repay their debts. But filing for bankruptcy isn’t a shameful or immoral act. In … Read More
Filing for Chapter 13 bankruptcy can help you improve your financial situation. The Chapter 13 repayment plan consolidates your existing debts into a three to five-year plan to pay back your creditors, and initiating the process offers immediate protections, including an automatic stay, and allows you to keep all of your possessions. Unfortunately, not everyone … Read More
Divorce is never easy. The dissolution of a marriage can create intense emotional stress for both separating parties. These challenges can be even more difficult if you’re facing financial hardships. These financial challenges often worsen with divorce because the income of one household splits between two divorcees. If you depend on your former spouse’s income, … Read More
Co-signers are beneficial for those seeking to obtain loans and credit cards. The primary advantage of having a responsible co-signer is that it will increase your chances of receiving credit approval. Additionally, having a co-signer may enable you to secure more favorable interest rates. If you have a co-signer associated with your debt or if you … Read More
Chapter 7 bankruptcy (the most common form of bankruptcy) essentially wipes away a large portion of your unsecured debts and protects certain assets you may possess. Briefly, unsecured debts are not backed by any collateral. Unlike car and home loans, unsecured debt means that creditors aren’t able to reclaim property if you default. Credit card … Read More
If you’ve found yourself in a precarious financial situation and overwhelmed with debt you can’t repay, bankruptcy may be your best option. You may be reluctant to declare bankruptcy because you fear it will wipe out your hard-earned retirement savings. However, in most situations, this is not the case. Defining the Most Common Types of Bankruptcy … Read More
A judgment lien against you can have a variety of distressing and negative consequences. Read on to learn everything you need to know about judgment liens in Indiana, including how they work and how to avoid them. What Is a Judgment Lien? The judgment lien definition is that if you owe a creditor money and … Read More
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No upfront attorney fees in qualifying cases. Pay only court filing fee, credit reporting fee, and pre-bankruptcy credit counseling session fee to get a case on file to stop garnishments, repossessions, and certain court actions. Restrictions may apply. Please call to discuss your situation and learn how we can help.
