Could I Get Audited by the IRS Because I Filed for Bankruptcy?

It is difficult to predict exactly when or if the Internal Revenue Service of the United States might audit you, which could subject you to a rigorous financial examination. At Sawin & Shea, we sometimes encounter people who are filing for bankruptcy and worry whether doing so will trigger an IRS audit. So, let’s look [...]

By |2020-01-14T06:40:09-05:00January 20th, 2020|Bankruptcy Law, IRS|0 Comments

If I Declare Bankruptcy, Will I Lose My Inheritance?

Bankruptcy courts are courts of equity. This means that the courts are trying to balance a Debtor receiving a discharge with trying to gather some funds for creditors to share. Timing is everything when it comes to keeping an inheritance while filing for bankruptcy. If you’re due to receive an inheritance - or if you [...]

By |2020-01-20T07:50:36-05:00January 14th, 2020|Bankruptcy Basics, Bankruptcy Law, Exemption Laws|0 Comments

How Do I File For Bankruptcy in Indiana?

When you’re facing a mountain of debt and an inability to pay your monthly bills, bankruptcy offers a way out. It quiets most people who are hounding you for money and finally gives you a fresh financial start. It’s important to handle bankruptcy the right way. If you’re considering filing for bankruptcy in Indiana, read [...]

What Are the Pros and Cons of Filing for Bankruptcy Under Chapter 7?

Chapter 7 bankruptcy is often considered the easiest and most efficient type of bankruptcy. It is certainly the most common. Of all bankruptcies filed in the U.S. each year, about 68% are filed under Chapter 7. But is Chapter 7 the best choice for you? Here’s a look at the pros and cons. What are [...]

By |2019-11-26T07:53:02-05:00November 26th, 2019|Bankruptcy Basics, Bankruptcy Law|0 Comments

Can Bankruptcy Affect My Application For A U.S. Passport?

  Are you planning to travel internationally? If your travel will coincide with your bankruptcy, could this cause a conflict and prevent you from obtaining or renewing a U.S. passport? Could you be prevented from traveling internationally because of your debt? Here’s a look at what could happen if you need a passport during bankruptcy. [...]

By |2019-11-07T14:08:24-05:00November 6th, 2019|Bankruptcy Basics, Bankruptcy Law|0 Comments

Is There Any Way to Discharge Student Loan Debt Through Bankruptcy?

  If you do a little searching online, you’ll immediately see a loud-and-clear message about student loans and bankruptcy: Student loans are not dischargeable in bankruptcy. This isn’t the whole story. It’s not impossible to wipe out student loans by declaring bankruptcy. With the help of a qualified bankruptcy lawyer, together you can explore a [...]

By |2019-10-17T12:25:07-05:00October 30th, 2019|Bankruptcy Basics, Bankruptcy Law, Student Loans|0 Comments

If I File For Bankruptcy, What Happens To My Credit Rating?

At Sawin & Shea, our clients are often concerned about having low credit scores. They wonder if bankruptcy will make the situation worse. On the contrary, bankruptcy can actually improve your credit and get you back on your feet financially. Here’s how an Indiana bankruptcy can help re-establish your credit. Will Bankruptcy Ruin My Credit [...]

Is It True I Can Declare Bankruptcy Online?

If you’re being hounded by creditors for immediate payment on your debt, you could be looking for a fast solution to declaring bankruptcy. In this situation, it’s common to wonder whether you can quickly file for bankruptcy electronically through a website to eliminate a growing mountain of debt fast. It’s not as easy as it [...]

By |2019-10-16T15:34:07-05:00October 16th, 2019|Bankruptcy Basics|0 Comments

How Does Indiana’s Bankruptcy Exemption Work?

When you file for a Chapter 7 bankruptcy in Indiana the law provides for bankruptcy exemptions for real and personal property that you can keep. A Chapter 7 bankruptcy is a liquidation. This means that the court is looking for non-exempt stuff that you own that they could sell to make some money to pay [...]

By |2019-09-27T14:07:19-05:00October 9th, 2019|Protection from Creditors|0 Comments

How Does Bankruptcy Stop Wage Garnishments?

When you have a wage garnishment, you’re losing money paycheck after paycheck to satisfy a creditor. When your paycheck is being drained away by old debt, it can be a frustrating experience and make it more difficult to get back on your feet financially. About 7% of the U.S. population has had their wages garnished [...]

By |2019-09-27T14:05:51-05:00October 2nd, 2019|Bankruptcy Basics, Wage Loss|0 Comments