Even after realizing that bankruptcy is the best way to get out from under debt, it can still take an emotional toll on you. For many, the perceived shame and stigma of bankruptcy leaves them questioning their self-worth. However, a lot of my clients approach me after their bankruptcy is over and tell me that … Read More
Creditors are prohibited from engaging in debt collection after an individual files for bankruptcy. The Fair Debt Collection Practices Act (FDCPA) protects you from certain types of harassment by collection agents. If you are experiencing aggressive collection calls and letters, contact a bankruptcy law firm like Sawin & Shea to take action on your behalf. … Read More
Very often, divorce settlements are a critical reason why people fail to repay their debts and file for bankruptcy. Why? A divorce is messy enough without bringing finances into the equation. Filing a joint bankruptcy prior to the divorce, can is some circumstances, provide a solution. Can a spouse become liable for the other spouse’s … Read More
Unemployment is one of the top three reasons people file for bankruptcy. No one is ever ready, emotionally or financially, to be laid off or fired. Losing your income can quickly escalate into missed mortgage or car payments. Before things get out of control, consider filing for bankruptcy to help protect your savings and retirement. … Read More
One of the greatest fears for people filing for bankruptcy is whether they will lose their home or other assets that they have worked hard to obtain. Bankruptcy is not meant to strip you of everything you own. Its function is to get you out from under overwhelming debt and back on track to fiscal … Read More
A reoccurring cause for many individuals who file for bankruptcy is mounting healthcare debt. Even for those with health insurance, when faced with sudden or ongoing health issues along with rising out-of-pocket expenses and higher deductibles, many are forced into financial hardship. If you are burdened with medical debt that you cannot afford, bankruptcy may … Read More
We all enter into marriage with the highest of hopes. A significant number of those marriages will not make it in the long run. It has been widely reported that approximately 40 to 50 percent of marriages end in divorce. Adding to the heartbreak of divorce is often crippling financial problems. We see clients every … Read More
Most people would like to have the financial resources to provide for their families, plan for the future, and have something left over to have some fun. For many of us, however, the debt hanging over our heads makes these thoughts seem a goal that is out of reach. Sometimes, a person’s problems with debts … Read More
A growing concern for students both young and old, outstanding school loan payments have risen to critical mass in this country. Learn ways to help alleviate the stress of student debt. In 2014, total outstanding student loan debt in the U.S. rose to nearly $1.2 trillion, according to the New York Fed. In the fourth … Read More
About 80% of Americans are in debt, which is not surprising considering that 43% of American families spend more than they earn. The average household debt statistics for 2015 are staggering. The average credit card debt for households that have debt amounts to more than $15,000.00. The average interest rate on credit cards is almost … 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.
