Richard Shea

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So far Richard Shea has created 77 blog entries.

What Does a Chapter 13 Repayment Plan Look Like?

It’s a smart choice to file for Chapter 13 bankruptcy. Your bankruptcy plan will allow you to catch up on payments and settle your debts while giving you a chance to keep your home treasured belongings. If you have a job but you’re struggling to make your payments every month, Chapter 13 can help. In [...]

What Are My Repayment Obligations Under Chapter 13 Bankruptcy?

When you’re considering Chapter 13 bankruptcy, you’re also wondering how much of your debt you’d be obligated to pay back. Plus, you need to know how much time and paperwork it will take. Let’s take a look at a debtor’s obligations under Chapter 13 bankruptcy. This could be an excellent choice for you, depending on [...]

What Can I Do About Creditor Harassment?

After you file for bankruptcy, it is illegal for your creditors to continue contacting you and asking for payments. The U.S. Bankruptcy Code, Telephone Consumer Protection Act (TCPA), The Fair Credit Reporting Act (FCRA), and the Fair Debt Collection Practices Act (FDCPA) all prohibit certain types of creditor behavior and are tools for consumers to [...]

COVID-19, The Cares Act and Credit Reporting

The Covid-19 pandemic has resulted in an economic slowdown unprecedented in modern history. In response to this economic impact The CARES Act was signed into law March 27, 2020. One of its provisions in the act provided for mortgage forbearance agreements and modifications to the Fair Credit Reporting Act. Pursuant to the Cares Act, most [...]

By |2020-06-23T13:53:24-04:00June 23rd, 2020|Bankruptcy Law|0 Comments

Bankruptcy Court Is Closed – But Creditor Meetings Are Still Proceeding Via Teleconferencing

https://youtu.be/DuTB9ZLCMwY Transcript Hello, this is Richard Shea with Sawin & Shea. As people are aware, due to COVID-19, the bankruptcy court has shut down all in-person hearings. With those changes, a meeting of creditors for active bankruptcy cases are still taking place and are going to be taking place for the foreseeable future. But [...]

How Does The 2020 Cares Act Affect A Chapter 13 Bankruptcy?

https://youtu.be/kiHOqVgVQR4 Transcript Hello Richard Shea here with Sawin and Shea. I want to give you an update here related to the March 27th passage of the cares act in Congress. Now this is directed mainly towards people who are involved in active chapter 13 bankruptcies. Under the act, if you were in an act [...]

By |2020-06-29T15:03:46-04:00April 29th, 2020|Bankruptcy Law, Chapter 13 Bankruptcy|0 Comments

Bankruptcy and the Coronavirus Pandemic

https://www.youtube.com/watch?v=b8ChJ0Nw-08 Video Transcript: Yes. Well, good morning. This is Richard Shea with Sawin & Shea. And as you can tell, we are up and running and operating as normal. Although we are not taking client appointments here in the office during this difficult time of Corona, but we are taking all of our appointments [...]

By |2020-07-09T14:35:41-04:00March 27th, 2020|Bankruptcy Law, Politics, Videos|0 Comments

Can I File for Bankruptcy More Than Once?

Close to half a million Americans file for bankruptcy each year and about 8% of them are pursuing bankruptcy for the second time. In fact, about 16% of all bankruptcy cases involve people who have filed more than once. Filing for bankruptcy a second time is allowed, with some important limitations. So if you’re curious [...]

Can Bankruptcy Help If I’m a Victim of a Scam?

In today’s world, the public is inundated with scams, a form of fraud that takes advantage of someone’s kind heart and eventually leads to their financial destruction. Scammers will contact people by phone, by email, through social media, online and any other way they can, sometimes impersonating trusted financial sources to trick you into revealing [...]

By |2020-02-20T08:27:26-05:00February 10th, 2020|Filing Bankruptcy in Indiana, Fraud, Scams|0 Comments

Why Are More Millennials Facing Bankruptcy?

The name millennials refers to a generation of people born between 1981 and 1996. Now in their 20’s and 30’s, they are building up an enormous amount of debt as they reach young adulthood. Experts estimate $1 trillion of all debt in the United States is now held by millennials, which is an increase of [...]

By |2020-01-20T08:43:04-05:00January 27th, 2020|Bankruptcy Law, Debt Relief, Debt Relief Solutions|0 Comments