A Chapter 13 bankruptcy forces creditors to accept what the law says you are required to pay on your debts. At the end of the Chapter 13 plan, you receive a discharge. Also known as a bankruptcy reorganization, a Chapter 13 bankruptcy establishes a plan for alleviating debt in a manner that leaves you in … Read More
When you file for bankruptcy, the process is guided by both state and federal laws. Federal law controls most aspects of the bankruptcy process. However, each state has its own laws about things like property exemption limits (what you can keep in bankruptcy) and income thresholds. Different jurisdictions also have local rules that interplay with … Read More
When considering your options for debt relief, ask yourself the following questions to help you decide which debt relief option is right for you. What Type of Debt Do I Owe? The type of debt you carry determines the extent of the actions that creditors can and will take to collect the monies owed. The … Read More
Are you ready to open a fresh financial chapter in your life? Chapter 7 bankruptcy can be a positive way to do it – only if it’s appropriate for your situation. A Chapter 7 bankruptcy, also known as a liquidation bankruptcy, examines your assets to see if there are any that are not exempt from … Read More
Any honest, hard-working person can get into financial trouble, regardless of their citizenship status. If you’re worried about whether filing for bankruptcy will put your citizenship at risk, read on. When you handle the process correctly, you can still seek citizenship no matter your financial situation. Bankruptcy attorneys like Sawin & Shea LLC frequently help … Read More
If you’re considering filing for Chapter 7 bankruptcy, your top concerns are probably your debts, your home and your financial outlook. What about the things that have important sentimental value to you, such as personal treasures like jewelry and heirlooms? You wouldn’t want to lose your grandmother’s wedding ring or a pocket watch that’s been … Read More
More than $1.5 trillion in student loan debt is currently owed in the U.S. by a total of more than 44 million people. Unfortunately, many of those people are unable to pay back their debt, and the student loan companies have no choice but to come after the co-signers on the loans: parents. Just as … Read More
It’s a common to hear that student loans can’t be wiped out by bankruptcy. In some cases, they can be – but it’s a difficult thing to accomplish. Simply filing for Chapter 7 or Chapter 13 bankruptcy won’t discharge student loans. Loans made for an educational purpose can only be discharged by filing a special … Read More
When you opt for Chapter 13 bankruptcy, you force creditors to take what the law says you are required to pay and then receive a discharge at the end of the plan. Chapter 13 bankruptcy is also called a bankruptcy reorganization plan because it establishes a plan for alleviating debt that will leave you in … Read More
Imagine going through bankruptcy and being able to save your home, your car, the tools or equipment you need for your job and – most importantly – your peace of mind. When you file for bankruptcy, exemptions offer these opportunities. They can protect your assets and keep your payments low, so you can get back … 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.
